Pubs, Bars & Clubs News – Page 53
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NewsJDW gearing up for pub reopening but with reduced hours
JD Wetherspoon (JDW) has earmarked 394 of its pubs for reopening on 12 April, but they are due to operate under reduced hours.
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NewsBarkby eyes post-covid pub opportunities
The Barkby Group is assessing the acquisition of leasehold pubs and anticipates further acquisition opportunities will arise as a result of the Covid-19 pandemic.
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NewsUrban Pubs & Bars sees significant lockdown losses
Urban Pubs & Bars lost out on £2.5m in sales in the first month of the March lockdown, and incurred a significant shortfall in profit due to its inability to mitigate costs immediately at the point of closure.
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NewsConservative MPs call for cut in beer duty
A group of 68 Conservative MPs have signed a letter calling for the Chancellor Rishi Sunak to cut beer duty in his upcoming Budget announcement on 3 March.
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NewsAlcohol duty cut being considered by Chancellor
Pubs could see alcohol duty rates cut below that of supermarkets in plans being considered by the Chancellor. Ahead of next week’s Budget announcement (3 March), prime minister Boris Johnson revealed to the Commons that a review has been carried out into the differentiation between pubs and retailers, and Sunak was “looking very closely at the findings”.
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NewsSoho House eyes $3bn Wall Street float
Soho House, the Richard Caring-backed private members club concept, plans to list in New York with a valuation of up to $3bn.
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NewsBrewDog achieves B Corp status
BrewDog has achieved certified B Corp status, making it the only hospitality business in the UK to achieve the accolade.
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NewsTrade bodies call for ‘critical financial support’ in Budget
A major package of financial support must be revealed in the Chancellor’s Budget if many hospitality businesses are to survive through the Government’s reopening plan, sector trade bodies have said.
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NewsHospitality roadmap unveiled
Pubs and restaurants will be permitted to reopen outdoor spaces no earlier than 12 April, followed by an indoor reopening from 17 May, the Prime Minister has confirmed.
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NewsMark Davies: ‘Pubs are safer than shops’
Hawthorn CEO Mark Davies is the latest pubco boss to call on the Prime Minister to offer strong support for the sector in his upcoming reopening announcement.
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NewsDardis says industry needs certainty on reopening
Patrick Dardis, chief executive of Young’s Pubs has told the Evening Standard that although he would have preferred an April reopening date for the pub sector, he would take a clear roadmap with a later opening over uncertainty.
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NewsInn Collection Group appoints property director ahead of expansion
The Inn Collection Group has appointed a new property director, Louise Stewart, to assist in its multiple development and expansion plans this year.
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NewsDarwin & Wallace revenues down £2m
London-based bar group Darwin & Wallace lost almost a quarter of its usual revenue as a result of the first lockdown, contributing to a £2m dip in its year-on-year sales.
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NewsUK nightlife faces extinction
The UK’s nightlife scene is at risk of extinction without urgent financial support, the government has been warned.
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NewsOakman raises £4.4m
Oakman Group, the operator behind Oakman Inns and Restaurants and Ashmore Inns, has closed its latest equity raise – receiving applications for £4.4m of shares from almost 300 new investors.
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NewsRed Oak acquires pub package; in talks over £35m extra capital
Red Oak Taverns has acquired a package of 10 leased and tenanted pubs from Wells & Co, taking its total estate to 190, and is in the process of finalising terms for an additional £35m of capital.
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NewsPubs and restaurants won’t reopen until May, according to roadmap
Pubs, bars and restaurants, will not be able to reopen until May under a phased reopening programme, according to the government’s roadmap out of lockdown, The Daily Mail has reported. It claims the blueprint for lifting the UK out of lockdown will see curbs eased at four-weekly intervals, starting with ...
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NewsSixty percent of pubs would stay closed in outdoor-only scenario
Sixty percent of pubs – approximately 29,000 – would remain closed if the government were to permit outdoor-only service from April.
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NewsPub leaders pull out of government talks over ‘growing sense of betrayal’
Pub sector leaders have pulled out of talks with business minister Paul Scully due to a “growing sense of betrayal” caused by Government’s “obvious lack of interest and respect” for the industry.
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NewsAdmiral warns of mass closures if outdoor-only pub policy goes ahead
Chris Jowsey, chief executive of Admiral Taverns has warned that up to 25% of its pubs could close if the government brings in an outdoor-only policy when restrictions are relaxed for pubs.