Pubs, Bars & Clubs News – Page 59
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NewsEverards cancels £3m rent for tenants
Leicestershire-based pubco Everards has cancelled £3m in rent to protect its licensees through the pandemic.
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NewsCarlsberg Marston’s Brewing Company appoints senior team
Carlsberg veteran Paul Davies has been named the new chief executive of Carlsberg UK and Marston’s joint venture – Carlsberg Marston’s Brewing Company.
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NewsBrindisa owner takes on former Brunning & Price pub
Brindisa founder and co-owner Ratnesh Bagdai has taken on The Bailiwick pub in Englefield Green in Surrey
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NewsMarston’s and Carlsberg UK complete joint venture
Marston’s has announced the completion of its £780m joint venture with Carlsberg UK.
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NewsStonegate committed to LGBT venues as it rebases business
Stonegate has said it remains committed to LGBT venues, after speculation over the future of the Admiral Duncan, Retro Bar and Kings Arms.
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NewsHeineken reports modest sales growth as on-trade continues to struggle
Heineken has reported UK beer volume returned to modest growth in its third quarter as off-trade sales boosted dips in the on-trade.
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NewsScotland to ease alcohol restrictions
Pubs and restaurants in areas subject to Scotland’s lower three tiers will be able to serve alcohol indoors again from Monday next week, the first minister Nicola Sturgeon has announced.
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NewsBrewDog hits £7.5m crowdfund target
BrewDog has hit its initial target of £7.5m for its crowdfunding investment programme, Equity for Punks Tomorrow.
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NewsRevolution launches CVA
Revolution Bars Group has launched a company voluntary arrangement (CVA) to reduce the size of its estate and rental cost base.
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NewsBig Smoke Brew Co backs Rashford campaign
Big Smoke Brew Co, the six strong pub operator and brewer, is backing footballer Marcus Rashford’s free school meals campaign, offering 1000 free meals during half term.
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NewsLate-night operators “shocked and dismayed” at Cultural Recovery Fund refusals
Late-night sector leaders have questioned the criteria on which grants under the Cultural Recovery Fund (CRF) have been determined as some of London’s leading independent operators were refused support.
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NewsJD Wetherspoon Tim Martin: Regulations are capricious and damaging
JD Wetherspoon has released its full year results which lay bare the impact of the coronavirus on sales and profits. Sales were down 30.6% to £1,262m while it made a £34.1m pre-tax loss, down 133% on the previous year. Chairman Tim Martin slammed the government’s handling of the situation and the effect it’s having on the hospitality industry. “For the two months following reopening, it appeared that the hospitality industry, in difficult circumstances, was adapting to the new regime and was getting ‘back on its feet’, albeit in survival mode,” he said.
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NewsSeptember sales go in reverse post-curfew
Sales slumped in September after the combination of the withdrawal of EOHO and the introduction of the 10pm curfew, according to the Coffer Peach Business Tracker. Wet-led pubs were hit hardest, with sales down 22.7% and like-for-likes down 21.1%. Restaurant groups suffered a sales slump of 19.6%, but like-for-likes were down just 6.7% below September 2019, thanks to 72% of group-owned restaurant sites trading during the month. Bar groups, which had 79% of their sites trading, had the worst of the month, with like-for-like sales down 37.1% and total sales down 42.7%. Delivery accounted for 10.4% of sales, up from 8.8% in August and the pre-lockdown level of 5.9% in February.
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NewsStar Pubs fined £2m over repeated pub code breaches
Pubs Code Adjudicator Fiona Dickie has fined Star Pubs and Bars £2m for “repeated offences” in breaching the code.
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NewsMarston’s: 2,150 jobs at risk
Marston’s has released a trading update saying group sales are down 30% on last year to £821m. Total pub sales for the year were £515m, down 34% on last year. It also said that 2,150 jobs are at risk due to the new restrictions. “This year has been testing on many fronts,” said CEO Ralph Findlay. “Trading has been difficult, but to operate at 90% of last year on a like-for-like basis is better than our forecast, ahead of the market and a highly creditable result. In part, this is because most of our pubs are in suburban or community settings, and we have relatively few pubs in city centres which have been worst hit by changes in working habits.
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NewsGreene King increases rent concessions for tied tenants
Greene King Pub Partners has increased the rent concessions for its tied pub tenants to at least 40% until Christmas. Until the end of December, its 975 tied tenants will be granted at least a 40% rent reduction, with pubs that are forced to close in local lockdowns receiving a 90% rent discount for at least four weeks. The move brings its total estimated financial support for its tied tenants to more than £25m since March.
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NewsCMA approves Marston’s/Carlsberg JV
The Competition and Markets Authority has cleared the proposed £780m merger of Marston’s and Carlsberg’s brewing operations.
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NewsOakman Group sees highest sales quarter in history
The Oakman Group, comprised of Oakman Inns and Ashmore Inns, has significantly outperformed the market in the past few months, seeing its highest ever sales quarter in Q1 2020.
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NewsBBPA: Northern lockdown could destroy pubs and livelihoods
The introduction of a local lockdown in northern England could destroy pubs and livelihoods in the region, the British Beer & Pub Association has warned.
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NewsStar extends rent support
Star Pubs & Bars is to extend rent concessions for its leased and tenanted pubs throughout November.