Pubs, Bars & Clubs News – Page 409
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NewsAnalyst corner
Leading analyst Jamie Rollo looks ahead to JD Wetherspoon’s Q1 interim management statement on 6 November, predicting a “solid” trading update “with few surprises”
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Neame issues statutory pubco code warning
Statutory regulation in the pub company model could “stifle investment, crush job growth and curtail entrepreneurialism”, British Beer & Pub Association (BBPA) chair Jonathan Neame has warned
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JW Lees targets 200-strong estate
The company is looking to grow to 200 pubs and is able to secure a further £10m in growth funding from the bank, managing director William Lees-Jones has told M&C Report
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Six ex-Botanic pubs sold for £4.3m
Six Belfast pubs that were formerly part of the Botanic Inns group have been bought by two brothers, reports the Belfast Telegraph
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Mahiki founder to open Steam & Rye
Nick House, the co-founder of popular late-night venues Mahiki and Whisky Mist, is to open a new club, bar and restaurant in the City of London, called Steam & Rye, next month
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Living Ventures joins ALMR
Living Ventures, the bar and restaurant group led by Tim Bacon, has joined the Association of Licensed Multiple Retailers (ALMR)
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Fleurets valued Rovers Return for ITV
Property agent Fleurets advised a researcher from ITV on what a realistic asking price would be for the Rovers Return pub in Coronation Street as part of a storyline for the soap
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Joule's completes £4m funding deal; names new chairman
Joules, the Shropshire brewer and pub operator, has completed a £4m funding deal with NatWest and has named Mark Heappey, formerly a partner at 3i, as its new chairman, M&C Report has learnt
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Rent on new pub leases averages c£25k
The average annual pub rent for new leases in England and Wales was £25,187 per annum during the first quarter of 2013, according to the Royal Institution of Chartered Surveyors’ Pub Benchmarking Survey
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Sports Bar & Grill acquires Soho site
Sports Bar & Grill, the sports-focused bar and restaurant group led by Dave Evans, has secured the site of the former Little Sicily restaurant in London’s Soho for its latest opening, M&C Reportunderstands
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Pub companies urged to review e-cig policies
Anti-smoking campaigners are urging pub operators to keep their policies on electronic cigarettes under review as controversy grows around the devices, which deliver nicotine without burning tobacco and produce vapour rather than smoke
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Geronimo launches season of events
eronimo Inns, the Young’s-owned pub operator, has launched a season of events, special menus and collaborations under the banner Pubstival
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JDW launches game app for children's menu
JD Wetherspoon, the managed operator, has launched an exclusive children’s game app to tie in with the launch of its new children’s menu
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NewsCollyer downgrades forecast for Marston's
Leading analyst Geof Collyer has downgraded his forecast for Marston’s after its update yesterday, saying the company has a “dull medium term outlook relative to most peers”
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Parliament to debate pubcos
A debate in Parliament on the leased pub company business model is to take place on Monday (14 October)
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NewsTenants sought for 20 Punch pubs in Scotland
Property consultants Colliers International and Ryden have been jointly instructed to find tenants for the sites
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NewsMarston's to sell 400 pubs over two years
Marston’s, the brewer and pub operator, hopes to sell up to 400 pubs over the next two years and is seeing increased interest in its sites recently due to an apparent upturn in the property market, chief executive Ralph Findlay has told M&C Report
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Arc Inspirations sets out growth plans
Arc Inspirations, the 10-strong Yorkshire bar operator, hopes to add five or six sites over the next five years and will focus on its Pit and Banyon brands, managing director Martin Wolstencroft has told M&C Report
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Everards eyes farm shops in pubs
Everards, the Leicestershire brewer and pub operator, is to open a farm shop at a tenanted pub which could act as a template for further developments at its rural pubs
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NewsTurner to chair Novus, Cullum takes CEO role
Graham Turner, the former chief executive of Tragus, has been appointed executive chairman of Novus, the LGV Capital and Huttons Collins-backed premium bar and restaurant group, as it gears up for its next stage of growth