Pubs, Bars & Clubs News – Page 431
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Analyst corner
Jamie Rollo at Morgan Stanley looks ahead to next month’s trading update from Enterprise Inns
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Hop Stuff Brewery surpasses fundraising target
Hop Stuff Brewery has become the third brewer to raise funds on crowdfunding platform, Crowdcube, raising £58.3k, which is 117% of its original target
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Bespoke takes Guildford Beefeater
Bespoke Hotels has taken over the management of the former Beefeater pub/restaurant and Premier Inn known as Worplesdon Place, near Guildford
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Enterprise found in breach of the spirit of its code
Enterprise Inns has been found in breach of the spirit of its Code of Practice in the fifth case to go through the Pubs Independent Conciliation & Arbitration Service (PICA-Service)
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NewsInventive invests £6.6m in evolved Revolution
Inventive Leisure, the Alchemy Partners-backed bar operator, is to spend £6.6m rolling out an evolved version of its Revolution brand
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Butcher & Barrel sites acquired
Matterhorn Capital, the Christain Arden-led vehicle, and Funky Brownz have acquired two pubs from the fomer Butcher & Barrel estate
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Three in five pubs put to auction are sold
Almost 63% of pubs that were offered at auction were successfully sold in the first half of the year, a slight decline compared with the same period last year, new figures show
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Walkabout Carlisle next for investment
Intertain is to unveil its refurbishment at Walkabout in Carlisle later this month
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Four Weddings site acquired
The Crown Inn in Amersham, Buckinghamshire, which was part of the Dhillon Group that was placed into admninisrartion last September has been acquired by Old Amersham Hotels
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Bramwell signs up strategic logistics partner
Bramwell Pub Company has appointed DHL’s drinks logistics arm, Tradeteam, as its strategic logistics partner
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Botanic Inns owed creditors £4.4m
The Belfast-based leisure group collapsed owing £4.4m to creditors, including £3m to parent company Lisk Limited, £368,968 to the Inland Revenue and £274,540 to Diageo
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Brains to apply more overt branding
SA Brain is to apply more overt branding to its two mainstream managed concepts, Grills & More and Two for One, M&C Report has learnt
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Property firm markets seven pubs
Freeholds of seven Midlands pubs with sit-in tenants have been placed on the market with Sidney Phillips
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Upham Pubco expansion gathers pace
Hampshire-based Upham Pub Company, the sister company to Upham Brewery, has acquired a further two pubs
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First pubs benefit from new community fund
Two village pubs in West Cornwall who have been the first recipients of grants from Pub is The Hub’s new Community Services Fund have launched new services for their communities this week
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Griffiths reiterates VAT campaign skepticism
Tory MP says: “Cutting taxes for the likes of Starbuck and KFC is not a prospect that will see Mr Osborne reaching for his cheque book”
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Osborne named Beer Drinker of the Year
Chancellor recognised for his decision to cut the beer duty escalator, while Adnams’ head brewer Fergus Fitzgerald was named Brewer of the Year
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Cains' flagship pub closes
Cains’ flagship Doctor Duncan’s pub in Liverpool has closed, with lawyers, acting on behalf of the building’s owner, saying the lease had been terminated
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Downing Pub EIS raises £8.9m
The fund has raised £8.9m of its c£15m target to date, and has so far invested in eight pubs across three different companies, M&C Report has learnt
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Young's gives acquisition details
Stephen Goodyear, chief executive of London pub operator Young’s, has revealed to M&C Report names of the three pubs bought from Enterprise Inns in the past fortnight