Pubs, Bars & Clubs News – Page 48
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NewsGrowing brands highlight key market trends
Lumina’s latest ODI (Operator Data Index) analysis includes full year 2021 outlet growth forecasts for both emerging and established brands within important market segments. It also discusses some of the key market trends that are currently helping brands expand. Trends include creating atmosphere, focusing on online and diversification of offer.
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NewsArc Inspirations restarts growth plans
Arc Inspirations has resumed its expansion plans with two new openings announced for the northern bar operator, including its first in the Midlands.
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NewsRegistrations open for MCA’s Pub Conference 2021
MCA’s annual Pub Conference is back with an action-packed agenda full of speakers from the biggest operators in the sector.
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NewsMarston’s trading update is welcomed by analysts
Marston’s Q3 trading update has been welcomed by analysts, with Shore Capital describing it as an “encouraging update”, while Singer described it as “highly pleasing.” With limited impact from either cost inflation and pingdemic related labour issues analysts either maintained or upgraded to a buy recommendation.
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NewsMitchells & Butlers experiences ‘volatile’ sales
Mitchells & Butlers is seeing ”signs of improvement” in trading following the easing of restrictions from July 19. Sales have been “volatile” since May 17, experiencing strong sales during the first five weeks, followed by slower than average trading, with city-centre sites most impacted.
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NewsThe Alchemist: ‘We are seeing a happy consumer’
As a guest on this week’s The Conversation Simon Potts managing director of The Alchemist said trade had been “fantastic” since July 19. He said unrestricted trading was bringing a return to “recognisable familiarity,” as well as the chance to improve balance sheets.
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NewsQ2 hospitality spending ‘significantly higher than their pre-Covid levels’
The reopening of hospitality has led to a sharp increase in spending in Q2 2021 according to Deloitte’s Q2 Consumer Tracker. Spending in restaurants and bars has seen its biggest quarterly rise and was now ”significantly higher than their pre-COVID levels”.
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NewsHospitality’s self-isolation omission risks further closures
There is a risk of further venue closures and reduced service as a result of the government’s decision to omit hospitality from its self-isolation exemption list, according to UKHospitality.
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NewsAdmiral Taverns to acquire Hawthorn in £222m deal
Admiral Taverns has reached an agreement to acquire community pub company Hawthorn from parent company NewRiver, for a cash consideration of approximately £222.3m.
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News‘Cautious optimism’ in pub and restaurant markets
Christie & Co’s Mid-Year Review has reported cautious optimism in pub and restaurant property markets, with demand outstripping supply. Rural, coastal and tourist-led locations are attracting most attention. Within restaurants, the franchise model continues to show strength.
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NewsBrewDog’s online sales growth fails to offset bar closures
BrewDog has reported a pre-tax loss of £13.1m during 2020 despite achieving 10% revenue growth during 2020. The strong growth in online sales was not enough to offset the impact of bar closures.
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NewsYoung’s trading ‘ahead of expectations’
Young & Co, has released a trading statement covering 13 weeks to July 12 stating trade is close to 2019 levels. Chairman Stephen Goodyear remains optimistic about the current financial year and that balance sheet strength leaves Young’s, ”well-placed to make further investments and generate good returns for the long term”.
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NewsFever-Tree boosted by the reopening of hospitality
Fever-Tree has released a half year trading update for the six months to 30 June 2021 with revenue up and ”clear signs of pent-up demand” as hospitality reopens.
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NewsCan nudge, reformulation and wider choice work better than taxes?
One of the suggestions from The National Food Strategy is the raising of taxes on foods with high fat, sugar and salt content. But is nudge, reformulation and wider choice a better approach to encouraging change in consumer behaviour?
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NewsHospitality needs sustained support in order to lead the recovery
The latest Future Shock report from CGA and UKHospitality highlights the pandemic’s impact on the sector and analyses the recovery since April’s reopening. A majority of business leaders now feel optimistic about market prospects for the next 12 months, while consumers are increasingly confident about going out.
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NewsRobin Rowland: ‘Wet-led businesses to benefit most from July 19’
Robin Rowland was a guest panelist on this week’s edition of The Conversation. He predicted a gradual return of consumer confidence within indoor environments, stating that wet-led businesses were more likely to benefit from the final stage of easing Covid restrictions.
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NewsCovid passports ‘another barrier to entry’
Tokyo Industries CEO Aaron Mellor has described proposals for nightclubs to check vaccine passports as “impossible to enforce”.
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NewsYoung’s sells tenanted pubs to Punch
Young’s has announced an agreement to sell most of its tenanted estate to Punch Pubs & Co.
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NewsFuller’s evolves its customer journey
Fuller’s is taking key learnings from the coronavirus pandemic and is using them to improve both the customer journey and the alfresco dining experience it offers to customers.
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News‘Like watching football in a restaurant’
Pub operators are looking forward to a boost in sales once customers are allowed to order drinks at the bar again.