Pubs, Bars & Clubs News – Page 58
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NewsNTIA: ‘Nightclubs are on the brink of extinction’
The late-night sector will not survive to see recovery without urgent financial support from government, Night Time Industries Association CEO Michael Kill has warned.
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NewsDeltic asks for £1m-a-month government support to see it through sales process
The Deltic Group has asked government for a £1m-a-month bailout as it continues its sales process, the Mail on Sunday reports.
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NewsBrewdog secures £25m CBILs and financing arrangement to tackle crisis
Brewdog has said it is optimistic about the remainder of 2020 in light of financial measures taken to protect the business going forward.
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NewsScientists blame virus spike on ‘crazy scenes’ on eve of lockdown
A rise in coronavirus cases of 50% has been blamed on increased numbers visiting pubs and restaurants ahead of the second lockdown coming into force.
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NewsYoung’s: Toughest times in 189 years
Young’s CEO Patrick Dardis has described the last six months as the toughest period in its 189 years. In its half year H1 report for the 26 weeks to September 2020, it said sales were £55.1m, compared to £168.2m the year before, with the business recording an adjusted operating loss before tax of £19.2m. However it said was encouraged by the fact that sales since reopening on 20 July were 84% of last year. “Our business recently celebrated 189 years and the last six months has been one of the toughest periods in that incredible journey,” said Dardis.
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NewsMarston’s seeks waivers from noteholders
Marston’s has released a formal request to the holders of its secured class A notes for a limited number of further technical waivers during the first half of 2021. In an announcement on the London Stock Exchange today (11 November), the pubco said it was requesting the waivers as a precautionary measure following the renewed lockdown restrictions introduced in Wales on 23 October and England last week.
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NewsWadworth sells 21 pubs to Liberation Group
Wiltshire-based pubco and brewer Wadworth has announced the sale of 21 pubs to Liberation Group.The sites, sold for an undisclosed sum, are primarily in Gloucestershire, Hampshire and Wiltshire, and comprise more than a tenth of Wadworth’s estate across the south west and London.
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NewsThe Inn Collection lands Whitby site
The Inn Collection Group has landed a third Yorkshire site, with prime Whitby venue The Stables at Crossbutts.
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NewsCity Pub Group appoints Toby Smith as COO
City Pub Group has appointed Toby Smith into the newly created role chief operating officer from today.
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NewsListed groups rally over vaccine news
Listed pub and restaurant groups have welcomed news of progress in a coronavirus vaccine with cautious optimism on Monday.
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NewsNew Liverpool concept for Manchester Hall owner
Vanitas Bar operator Stephen Cliff is launching a new venue, Boujee Restaurant & Bar, at Liverpool One shopping and leisure complex.
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NewsDeltic sale piques private equity interest
Private equity firms Greybull Capital and Aurelius are among interested parties in the Deltic Group, following its emergency sale announcement last month.
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NewsRelaxed takeaway regulations could become permanent
Relaxed regulations that allow pubs and restaurants to sell takeaway food and alcohol could become permanent, communities secretary Robert Jenrick has said.
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NewsWadworth announces senior shake-up
Wiltshire-based pubco and brewer Wadworth has announced a restructure in its senior team.
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NewsTakeaway alcohol U-turn a “lifeline” but “not anywhere near enough”
The government’s U-turn on its ban on takeaway beer from pubs during lockdown has been welcomed by the industry ahead of tomorrow’s restrictions, but concerns have been raised as to how it compares to off-trade restrictions.
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NewsStonegate offers 90% rent credits for lockdown
Stonegate Pub Company has announced support within its leased and tenanted business, Ei Publican Partnerships.
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NewsShepherd Neame ‘resilient and well positioned for growth’
Shepherd Neame remains “extremely resilient” as it enters into lockdown, and will emerge in a “position of strength”, the group reported in a financial update.
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NewsShepherd Neame cuts 10% of staff
Shepherd Neame has announced it has cut 10% of its workforce as it prepares for the month-long lockdown. to close all 319 of its pubs and hotels for the month-long lockdown.
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NewsBoxpark to waive rent and service charges through lockdown
Boxpark has said it will waive all rent and service fees for its tenants through the second lockdown as it prepares to cease all operations once again.
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NewsStonegate launches 95p cask ale sale
Stonegate has cut the price of all its cask ale beer to just 95p until lockdown.