Pubs, Bars & Clubs News – Page 406
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Pub People eyes three more disposals
Pub People Company, the Midlands-based pub operator, is looking to dispose of a further three sites, managing director Kevin Sammons has told M&C Report
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Freehold of iconic music venue for sale
The freehold of iconic London music venue, the Camden Barfly, has been placed on the market, with an asking price of in excess of £3m sought
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NewsSpirit: expansion, Wacky Warehouse, Leased innovation, analysts
M&C Report takes a closer look at the full-year results to 17 August for Spirit Pub Company. We report from Spirit’s presentation to analysts featuring chief executive Mike Tye and finance director Paddy Gallagher, and speak to Tye
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PBT and turnover dips for Pub People
Pub People Company, the Midlands-based pub operator, saw pre-tax profit fall from £8,000 to £6,000 in the year to 31 March, a year in which it focused on disposing under-performing sites or negotiating new lease terms
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NewsM&B has 'increasing growth ambitions'
Mitchells & Butlers’ recent acquisition of four freehold London sites from Convivial Pubs is evidence of its increasing growth ambitions, and the firm could exceed its expansion target over the next few years, according to a leading analyst
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NewsBrewDog to expand sales team
BrewDog, the Scottish brewer and pub operator, plans to recruit a number of new sales roles as its expansion continues
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Yummy to create ownership model
Yummy Pub Company, the four-strong pub operator, plans to operate a business model whereby managers are given a stake in their pub and earn dividends as bonuses
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Councils call for review of outdated licensing system
Local businesses need to be freed from outdated and complex licensing rules and needless red tape, council leaders are warning
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Selfridges to launch new bar
Selfridges is to launch a new bar format at its deprtment store in London’s Oxford Street
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Stonegate GMs take cellar course with GK
Stonegate Pub Company has introduced an advanced cellar management course specifically for its general managers in partnership with Greene King
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Ellis steps down from Inventive board
Roy Ellis, co-founder of Revolution operator Inventive Leisure, has stepped down from the company’s board with immediate effect
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NewsCastle Rock to launch world beer bar concept
Castle Rock, the Nottinghamshire-based brewer and pub operator, has developed a new pub concept focused on world beers that could be rolled out to at least half its estate, and possibly further via franchise, M&C Report has learnt
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NewsPears Group pulls out of Greene King talks
The William Pears Group, one of the UK’s biggest privately-owned property groups, is believed to have pulled out of exclusive talks to acquire a c300-strong tenanted pub portfolio placed on the market by Greene King earlier this year
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NewsAnalyst corner
Simon French at Panmure Gordon looks ahead to Spirit Pub Company’s full-year results on Tuesday 22 October, forecasting 1% like-for-like sales growth in the managed estate and 0.5% like-for-like net income growth in its leased pubs
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Pieminister plans pub tie in
Pieminister plans to recruit up to 100 wet-led pubs UK-wide to sell an exclusive Pieminister menu
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Greencliffe Taverns up to three
Greencliffe Taverns, the Yorkshire-based pub group led by Chris and Nick Green, haa opened its third pub, the Brownlee Arms in Horsforth, Leeds
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NewsLoungers builds pipeline
Loungers the Piper-backed cafe bar operator, is likely to reach 90 sites by 2017, ahead of an earlier target of 70 by that date, as it reveals details of the next handful of acquisitions, including further sites in Brighton
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NewsM&C20 'posts' and increase in Royal Mail bonanza week
The M&C20 index enjoyed a bounce this week after four consecutive weeks of decline, rising 2.9% to end on 1,152
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NewsM&B to buy four Convivial pubs
Mitchells & Butlers is to spend more than £13.3m acquiring four sites from Convivial London Pubs, including the Mitre Hotel in Greenwich, which had a guide price of £6m
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Three more for Amber
Amber Taverns, the fast growing operator of wet led community pubs, has completed on two more sites and exchanged on another to take its estate to 90 pubs, M&C Report has learnt