Pubs, Bars & Clubs News – Page 405
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News
Eclectic plans IPO
Eclectic Bars, the Avanti Capital-backed bar and club operator led by Reuben Harley, is preparing a £20m float on the Alternative Investment Market (AIM), which if successful would make it the first pub or bar business to float since Capital Pub Company in 2007
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Whiting & Hammond launches loyalty card with Zonal
Whiting & Hammond, the south east-based multiple operator, has launched a customer loyalty card across its seven sites
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New World Co secures Living Room site
New World Trading Company has secured the Living Room site in Chester, for what will become its fifth pub site next March and has a further two sites in the pipeline
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Oakman Inns recognised for sustainability credentials
Oakman Inns & Restaurants, the Peter Borg-Neal-led group, has announced that all of its eight sites have been recognised by the SRA star scheme
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ETM wins ‘London Hospitality Group of the Year’ award
ETM Group, the restaurant/bar and gastro pub operator led by Tim and Ed Martin, won the ‘London Hospitality Group of the Year’ award at the fourth annual London Lifestyle Awards
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NewsAnalyst corner
Sahill Shan at N+1 Singer looks at Greene King and says that he sees 2014 being a busy year strategically for the brewer and pub operator, as it builds on the underlying trading momentum across its key managed pub formats
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NewsPunch FD could receive £275k on successful restructure
Punch Taverns finance director Steve Dando could receive a one-off payment of up to 100% of his annual salary - £275,000 - on successful completion of the company’s capital restructure project, according to Punch’s Annual Report
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NewsFormer CCE and Mars exec to grow pub venture
A former senior executive at Coca-Cola Enterprise and Mars has founded a new pub company with plans to grow to about 10 sites over the next decade
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Geroninmo opens latest refurb
Geronimo Inns, the Young’s-owned pub operator, has relaunched its Adam and Eve pub in London’s Soho with a new design and new menu
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B&P opens latest TRG conversion
Brunning & Price (B&P), The Restaurant Group’s food-led pub business, has re-opened the White Hart in Cadnam, Hampshire the latest conversion from its parent company’s Home Counties pub estate
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Robinsons launches apprenticeships
Robinsons, the Cheshire brewer and pub operator, is to launch a series of apprenticeships with an aim to have 130 candidates on its programme by mid-2014
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Star gives new lessees cash for high standards
Star Pubs & Bars, the Heineken-owned leased pub operator, has said that nearly 70% of new lessees on its first year support package are set to receive cash bonuses averaging £1,500 for high customer service scores
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NewsEclectic FY EBITDA grows 2%
Eclectic Clubs & Bars has reported a 2% rise in EBITDA to £2.9m in the year to the end of June and reiterated plans to add two or three sites per year
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NewsFrench downgrades Spirit EPS estimates; upbeat on debt move
Leading analyst Simon French has downgraded predictions for Spirit Pub Company’s earnings per share during this year and next following the group’s full-year results on Tuesday, although he was upbeat about the potential impact of its proposed debt reprofilingspirit
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NewsDrake & Morgan trials Jongleurs
Drake & Morgan, the London-based bar and restaurant operator led by Jillian MacLean, is trialling a Jongleurs comedy night at its Happenstance venue near St Paul’s in the City, M&C Report has learnt
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NewsBrewDog reports record growth for 2013
BrewDog has reported a fifth consecutive year of record growth and said it was on track to turnover £20m, up from £12m in 2012. The company, which will unveil a new £5m expansion of its Ellon brewery later this month, said it plans to open nine new bars in the ...
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Crowther: New acquisitions ahead of forecast
The six-strong group of pubs that Liberation Group, the Jersey-based pub and drinks business, acquired back in June are delivering ahead of forecast after a period of bedding in, according to chief executive Mark Crowther
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NewsEclectic lines up next two Lola Los
Eclectic Clubs & Bars has lined up two more sites for its Lola Lo brand in Derby and Manchester, M&C Report has learnt
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Trade associations launch business rates campaign
A range of trade associations have joined together to launch a campaign on business rates called ‘Better Rates for Pubs’
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Evans & Peel team to open second site
The team behind the Evans & Peel Detective Agency in London’s Earls Court is to open a second cocktail bar and restaurant in the capital in Smithfield next month