Pubs, Bars & Clubs News – Page 417
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News
Orchid pilots EPoS-based loyalty scheme
Orchid, the managed operator, is piloting a loyalty, reservations and till data integration system from Zonal at its Pizza Kitchen & Bar (PKB) pubs
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NewsCamerons FY EBITDA in line, reports pre-tax loss
Camerons, the Hartlepool-based brewer, has reported EBITDA of c£5.8m in the year to 28 April, in line with the previous year, despite reporting a pre-tax loss and seeing a dip in turnover
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NewsFrench and Jack reiterate Buy for Spirit
Leading analysts Simon French and Douglas Jack has reiterated their Buy recommendations for Spirit following its Q4 trading update on Thursday
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NewsEnterprise details £97m bond offer
Enterprise Inns has announced details of the final terms of its £97m bond offering that was announced on Thursday
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Fifty Five Bar doubles up
Fifty Five Bar, the North London-based cocktail bar operator, has secured its second site in Clapham High Street
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NewsM&B to evolve Toby Carvery
Mitchells & Butlers (M&B) plans to update the brand image for Toby Carvery and move away from promotions for the 152-strong concept, which it has identified as one of its “expansion brands”
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NewsM&B segments consumer groups and 'needs'
Mitchells & Butlers (M&B), the managed operator, has identified six different customer groups and seven different leisure “needs” following interviews with 8,000 consumers
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NewsPunch: disposals to slow, 'confident' of restructure
Punch Taverns is likely to slow down its disposals to 300 to 350 per year in 2014, says finance director Steve Dando who also told M&C Report he’s “confident” Punch’s debt restructure will occur in the second half of 2013
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Osmond: Pub closures 'long overdue'
Hugh Osmond, the high-profile investor who founded Punch Taverns, has told M&C Report the closure of 10,000 pubs in the past decade has been “long overdue” and said closures will ultimately benefit the industry
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NewsSpirit managed lfls rise 4.1%
Spirit Pub Company reports a 4.1% rise in like-for-like net managed sales in the 12 weeks to 17 August and improving trends in its leased estate
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NewsEnterprise announces £100m bond offering
Enterprise Inns has announced an offering of approximately £100m of senior, unsecured Guaranteed Convertible Bonds due 2020, which it said would provide it with low cost, unsecured long-term funding, reduce its overall cost of borrowing, provide it with increased flexibility and enhance prospects for growth
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MasterChef finalist to aid Young’s pub relaunch
MasterChef finalist Tom Whitaker is to become head chef at Young’s White Hart pub in Barnes as part of an extensive refurbishment of the business
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Wear Inns eyes larger sites
Wear Inns, the 26-strong northern pub operator, is “back on the acquisitions trail” and is looking to buy larger premises, managing director John Weir has told M&C Report
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Spirit introduces new Fayre & Square menu
Spirit Pub Company has launched a new autumn menu across its 157-strong Fayre & Square brand, which features new deals across its food and drink range
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NewsJack and French reiterate Hold for Greene King
Leading analysts Douglas Jack and Simon French have reiterated their Hold recommendations for Greene King following its Q1 interim management statement yesterday
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Pernod Ricard to focus on UK on-trade
The boss of Pernod Ricard UK (PRUK) has said the company will be concentrating its efforts on the UK on-trade over the next 18-months to two years
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NewsJDW London pub acquired for £8.4m
A pub let to JD Wetherspoon in central London has been acquired for £8.4m by AXA Real Estate
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French: Only certain equity in Punch’s is Matthew Clark stake
A leading analyst has said that the Punch Taverns’ only certain equity value is in its shareholding in Matthew Clark
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Red Car to undertake refurbs
London-based multiple operator Red Car Pubs is to begin a £500,000 refurbishment and extension program at two of its five sites
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Wear Inns turnover grows 58%
Wear Inns, the fast-growing northern pub operator, has reported a 58% rise in turnover to £11.8m in the year to 31 March as it grew its estate from 15 to 26 pubs