Pubs, Bars & Clubs News – Page 440
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Punch bondholders call for independent restructure process
Senior bondholders have called for an independent restructuring process after rejecting the latest proposal from the company, The Times reports
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Simmonds defends pubco self regulation to MPs
British Beer and Pub Association chief executive Brigid Simmonds has defended industry efforts to self-regulate after coming under fire from a committee of influential MPs today
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YO! names Novus' Campbell as new FD
YO! Sushi, the Quilvest-backed chain, has announced the appointment of former Novus Leisure finance director Andrew Campbell as its new FD
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NewsShift of focus for Pitcher & Piano; pianos to return
Pitcher & Piano is being shifted away from the late-night sector to refocus on the after-work market, with pianos reappearing at some sites, M&C Report has learnt
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Tuppen challenges CAMRA on tenant earnings
Enterprise Inns CEO has refuted CAMRA’s assertion that 84% of licensees tied to the big pubcos earn less than £15,000 a year
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Loungers could accelerate openings
Loungers could accelerate its opening programme to 15 outlets per year and is on course to reach its 70-site target earlier than anticipated, MD Alex Reilley has told M&C Report
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VIDEO: Punch Taverns chairman Stephen Billingham outlines financial restructuring proposals
The group requires the support of stakeholders, but still hopes to implement refinancing by the end of June
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Loungers FY EBITDA grows 41%
Loungers has reported a 41% rise in EBITDA to £4.42m before central overheads in the year to 30 April as it opened nine sites in the period
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Billingham: not much leeway on Punch restructure plan
Punch Taverns executive chairman Stephen Billingham also wanrs stakeholders that the consequences of not supporting the plan “are possibly quite severe”
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NewsPunch announces revised restructuring proposals
Punch Taverns hopes to complete restructure this month as it reports a 0.7% decline in net income in Q3
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Grand Union reveals growth targets
London-based group eyes at least a 20-strong estate after Luke Johnson takes a 50% stake in the business
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NewsM&C20 share index launched to track sector performance
Today marks the launch of a new service from M&C Report to provide insight into the performance of the shares of publicly quoted companies in the sector
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Fuller's: cider, Heathrow, expansion, analysts
M&C Report takes a closer look at the full-year results for Fuller’s, the London-based brewer and pub operator, for the year to 30 March and talks to chairman Michael Turner
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Nine of 18 Orchid disposals sold
Hertfordshire-based McMullen’s among the buyers of the Orchid pubs that are up for sale with Fleurets and CBRE, M&C Report has learnt
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Batemans trials snack food offer
Batemans is trialling a snack food offer for wet-led pubs at two managed houses before introducing it into its tenanted estate
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Hook Norton to build craft brewery
Hook Norton is jumping on the craft beer bandwagon with plans to build a new pilot brewery
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Renaissance Pubs eyes expansion
Group plans to open “at least” one new pub before the end of 2013, targeting a growth rate of one new site per year, M&C Report learns
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Rhubarb to open at skyscraper
Rhubarb is to create two new restaurants and a canapé & Champagne bar as part of the Sky Garden events space in the 20 Fenchurch Street skyscraper development
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Punch 'to announce changes to debt restructuring'
Punch Taverns is reportedly set to announce changes in its debt restructuring imminently
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Profits fall at Timothy Taylor
Turnover flat but increased administrative expenses including staff costs lead to a 30.2% decline in operating profit