Pubs, Bars & Clubs News – Page 390
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NewsLondon and south drive Enterprise growth
Enterprise Inns’ like-for-like net income growth was significantly higher in London than elsewhere in Q1 2014, with a flat performance in the Midlands despite growth of 1% overall
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Late Knights targets pub acquisitions
Late Knights, the south east London-based brewery set up by former Fuller’s manager Steve Keegan, could grow its pub portfolio from one to seven by the end of the year, M&C Report has learnt
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NewsPunch dismisses tenant buy-out rumours
Punch Taverns has “categorically” dismissed rumours claiming it has allowed tenants to buy outside the tie, ahead of the noteholders’ vote on its debt restructuring proposals next week
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UK pub groups to become key players in Ireland
UK pub chains are likely to become a key player in the Irish retail property market as they continue to expand into Ireland, according to Savills
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CAMRA: two pubs a week become supermarkets
The Campaign for Real Ale is urging the government to close what it calls a loophole in planning law after research showed that two pubs a week are being converted into supermarkets
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Stonegate wins HR award for technology
Stonegate Pub Company has won the HR Distinction Award for Innovative Use of Technology
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NewsBeer and pub sector employs 900k
A total of 900,000 UK jobs depend on British beer and pubs, according to a new report prepared for the British Beer & Pub Association (BBPA) ahead of next month’s Budget
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Downing Pub EIS raises almost £12m
The pub-focused Enterprise Investment Scheme (EIS) fund from Downing LLP has raised almost £12m of its £15m target to date, and has so far invested in 10 pubs across three different companies, M&C Report has learnt
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NewsPunch bondholders eye alternative restructure plan
Alternative debt restructure proposals for Punch Taverns are being drawn up by representatives of the pub group’s bondholders, according to The Telegraph
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Amber expansion continues
Amber Taverns, the operator of wet-led community pubs, has continued its expansion with the acquisition of a Leicestershire pub and the opening of a site in Derbyshire, M&C Report has learnt
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Provenance plans double opening
Provenance Inns, the food-led operator led by Michael Ibbotson, will open two new sites in the next six months, to take its estate in Yorkshire to seven.
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Tally Ho on expansion trail
Tally Ho Holdings, the operator of three food-led pubs run by the daughter of broadcaster Sir Terry Wogan and her husband, is on the hunt for its fourth venue after seeing an uplift in sales over the past 13 months
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Livelyhood buys Wimbledon freehold
Livelyhood, the London-based pub and restaurant group, has bought the freehold of its Old Frizzle pub in Wimbledon for c£2m, M&C Report has learnt
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Darwin & Wallace eyes further expansion
Fledgling bar and restaurant group Darwin & Wallace has completed the second in a planned series of acquisitions with the purchase of The Frog in Clapham, and has a third in the pipeline, M&C Report has learnt
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NewsEnterprise names Fowle as non-exec; 'encouraging' trends in estate
Enterprise Inns has announced the appointment of former Mitchells & Butlers CEO Adam Fowle as a non-executive director, as it reports “encouraging” trading in the first 18 weeks of its financial year, with like-for-like net income across the whole estate for the year to date up 1% on the prior year
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Darwin & Wallace secures Clapham pub
Imbiba Partnership, the investment vehicle led by John Connell, has secured second site for its fledgling Darwin & Wallace (D&W) format in Clapham
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NewsRevere to up expansion plans
Revere Pub Company, Marston’s premium pub arm, is in negotiations on a couple of high street sites as it looks to add to its 18-strong Pitcher & Piano estate and unbranded portfolio this year
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NewsKennedy takes 12 ex-Bramwell sites
Pub entrepreneur Ted Kennedy has been appointed to manage 12 former Bramwell Pub Company sites on behalf of the landlord, M&C Report has learnt
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Varsity Bars builds team
Varsity Bars, a new company that in December secured 18 former Bramwell Pub Company venues, has appointed a former Bramwell executive as area manager for its northern sites, M&C Report has learnt
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Barworks secures former Fat Cat site
Barworks, the London-based bar and pub operator, has secured the former Fat Cat Café site in Bow Wharf