Pubs, Bars & Clubs News – Page 392
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NewsLuminar to invest £15m on estate
Luminar, the UK’s largest nightclub operator, will invest £15m in total on “sorting out” its estate by the end of 2015, before looking at further acquisitions
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NewsBrewDog to open in Germany and Italy
BrewDog has agreed a deal to open a directly managed bar in Berlin, with two sites in Italy, in Rome and Florence, set to follow next year
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Pubs warned not to rely on discounting
Publicans should not rely on discounting to encourage dining trade through January and February
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Gilt Bar owner pays premium for Farringdon site
Establishment HM Limited, which already owns the Yager Bar and Gilt Bar in the City, has paid substantial premium to secure The Plum Tree in Farringdon from Baragain Ltd
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NewsIntertain: Eyeing the aspirational space, sales uplifts, digital innovation
M&C Report reports from Intertain’s presentation for suppliers and hears from chief executive John Leslie and chief operating officer Simon Kaye about the evolution of the Walkabout operator and its plans for 2014.
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McMullen’s secures Old Bank of England site
Hertfordshire brewer and operator McMullen’s has secured the freehold of the building occupied by the Old Bank of England Pub in London’s Fleet Street for a sum believed to be in excess of £8m
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Enterprise sells Highgate pub above asking price
Enterprise Inns has sold an historic pub in Highgate, north London, for a sum “well in excess” of the asking price
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JDW and Vapiano win awards for toilets
JD Wetherspoon and Vapiano have been recognised for the standards of their toilets
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NewsJDW ‘in talks’ on fourth pub in Ireland
JD Wetherspoon has reportedly made approaches about what would be its fourth pub deal in Ireland
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NewsPunch noteholders 'would oppose restructure proposals'
The Association of British Insurers Senior Noteholder Committee wants a number of changes, including limiting maximum capex to £15,000 per core pub per year and putting “board observers” into the corporate structure, before it can agree to proposals
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Admiral hosts best practice training summit
Admiral Taverns has signalled its commitment to investing in industry-leading training initiatives with an inaugural training and development summit for all of its key training partners
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NewsFinal Convivial pubs to be sold
A sale of the final two former Convivial London Pubs sites is due to complete this month and the total amount for the seven-strong estate is set to be higher than anticipated
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JDW to open 900th site, returns to Muswell Hill
JD Wetherspoon, the managed operator, has bought a pub in the area of London where chairman Tim Martin opened his first Wetherspoons pub in 1979 and at the same time announced it will open its 900th site next week in Lancashire
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NewsPunch sets out restructuring plan
Punch Taverns has this morning set out its latest proposals for restructuring its debt securitisations, and said it will launch its final proposal by 15 January
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City Pub Co set to close latest fundraising round
City Pub Company, the Enterprise Investment Scheme (EIS)-funded pub operator, is set to close its latest round of fundraising this week, which will see it raise £10m in 10 days, M&C Report understands.
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NewsInventive founders launch new venture
Roy Ellis and Neil Macleod, founders of Inventive Leisure, have teamed up with high-profile chef Simon Rimmer to launch a new venture called the Flying Pig & Lobster
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NewsNovus launches new look Late Night London website
Late Night London, Novus Leisure’s designated corporate and consumer party and events team has launched what it describes as “an industry-leading party booking and lifestyle” website
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FY PBT up at ETM Group
ETM Group, the London-based operator led by Tom and Ed Martin, reported a rise in pre-tax profit from £387.5k to £850.3k for the year to 28 February 2013.
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NewsBrewDog raises £4m; confirms Tokyo and Sao Paulo openings
BrewDog, the Scottish brewer and pub operator, has reached its initial £4m fundraising target and confirmed that its first two bar openings outside Europe will begin trading early next year in Tokyo and Sao Paulo
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Barworks set to open Harrild & Sons
Barworks, the London-based operator, will open its third site under its 5cc cocktail bar concept and its latest pub, Harrild & Sons, this month in London’s Farringdon