Pubs, Bars & Clubs News – Page 50
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NewsNightcap trading ‘significantly ahead’ of expectations
Nightcap has reported that all 19 of its bars are open and trading across London, Bristol and Birmingham, at 92% of turnover compared to the equivalent weeks in 2019.
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NewsHawthorn like-for-likes at 98% of 2019
Hawthorn, the community pub company, has reported like-for-like volumes in its leased and tenanted estate are at 98% compared to the same period in 2019.
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NewsPubs expecting to serve 21 million fewer pints over Bank Holiday
Pubs in Britain are expected to serve half the number of pints over the coming bank holiday weekend than usual – estimated to be around 21 million pints, according to the British Beer & Pub Association (BBPA).
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NewsRobinsons ploughs £4m into pub estate
North west-based pubco Robinsons has rolled out a multi-million-pound investment across its estate to repair, redecorate and implement Covid-safe measures.
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NewsCVA approved for Greene King’s Loch Fyne business
Greene King has had a CVA approved by creditors for its Loch Fyne business. It is understood the business was working with restructuring firm Resolve and has now exited leases on 11 of its sites.
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NewsYoung’s tenanted disposal could provide ‘catalyst for acquisitions’
Young’s could step up its acquisition of managed pubs if its mooted disposal of the Ram Pub Company goes ahead.
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NewsAdnams expects return to full rents later this year
Brewer and pub operator Adnams has said it is keeping “a weather eye” firmly on the long-term future of its pubs and their tenants, and anticipates pubs returning to paying full rent later this year, provided there are no further regional or national lockdowns.
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NewsYoung’s explores tenanted sale
Young’s has confirmed that it has appointed Savills about a potential sale of its tenanted estate.
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NewsEvent trial raises hope
Large events without masks and social distancing could be as safe as going to a restaurant or shopping centre, government trials suggest.
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NewsETM founders to raise £4.3m for new venture
ETM Group’s founders are looking to raise £4.3m to fund new venture Maven Leisure.
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NewsMercers’ signs all-day bar Where’s Fred
Speciality coffee shop concept District is launching a spin-off bar and restaurant concept Where’s Fred’s in the City of London.
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NewsNightcap raises £10m through share placing
Nightcap has raised £10m through a share placing in order to further its investment strategy and to roll out its recent acquisition – Adventure Bar Group (ABG).
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NewsBeer & Coffee plots ten Pug Pubs
Regional pub operator Beer & Coffee plots ten Pug pubs Co is opening its fourth leased pub with Star Pubs & Bars under its pug brand, with plans to grow the collection to ten overall.
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NewsWelsh pubs and brewers press First Minister on grants
A collection of Welsh pub operators and brewing companies have written to newly-elected First Minister Mark Drakeford calling for him to deliver grants for pubs and a roadmap for their reopening.
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NewsCity Pub estate ‘virtually unique’ in sector
City Pub Group chairman Clive Watson describes the group’s estate of predominately freehold high-quality managed pubs is “virtually unique in the pub sector”.
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NewsNWTC to debut new concept in Sheffield
New World Trading Company has confirmed it will launch new brand The Furnace in Sheffield’s Heart of the City scheme this summer.
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NewsRed Lion: ‘We have a healthy pipeline of sites’
Red Lion Holdings (RLH) has got a “really healthy pipeline” of sites for both its Red Mist Leisure and Grosvenor Pubs & Inns businesses, new group chief operating officer Mark Robson told MCA.
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NewsPubs poised to bring back drinking at the bar
Senior leaders at some of the UK’s biggest pub companies are gearing up for customers to be able to drink at the bar from 21 June, the Telegraph has reported.
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NewsSt Austell to reopen managed pubs
t Austell Brewery is set to reopen 18 of its managed houses for outdoor service today (Thursday 29th April), having made significant investments in its al fresco spaces.
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NewsCity Pub Group ups Mosaic stake
City Pub Group has acquired a 49% stake in Kensington Park Hotel and increased its shareholding in Mosaic Pub and Dining.