Pubs, Bars & Clubs News – Page 64
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NewsHall & Woodhouse to open with compulsory pre-booking system
Dorset-based pubco Hall & Woodhouse will begin reopening its sites next week with a compulsory pre-booking system in place.
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NewsFuller’s to open 27 pubs tomorrow
Fuller’s has announced a phased, gradual reopening, with 27 pubs to relaunch tomorrow.
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NewsShepherd Neame secures £25m credit facility
Shepherd Neame has strengthened its financial position in securing a borrowing facility through the Coronavirus Large Business Interruption Loan Scheme.
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NewsRevolution to reopen with test and trace booking platform
Revolution Bars will reopen six sites on 6 July with a new booking platform to support the Government’s test and trace initiative.
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NewsSt Austell to reopen majority of pubs this week
St Austell will reopen its entire managed pub estate, and approximately 70% of its tenanted pubs, on 4 July.
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NewsRevolution to pursue ‘cautious recommencement of trading’
Revolution Bars has said it plans to reopen six of its sites on 4 July to initiate its “cautious recommencement of trading.”
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NewsTGI Fridays rebrands ahead of reopening
TGI Fridays is set to reopen in-restaurant dining in 66 of its sites on 6 July under a new name.
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NewsHospitality Leaders Poll: only 50% of operators plan to reopen on 4 July
With just eight days to go, only half of the hospitality industry plans to reopen on 4 July, according to the latest weekly Hospitality Leaders Poll by MCA Insight/HIM. Exactly 50% of respondents to this week’s poll said they would reopen on the 4 July after the date was confirmed on Tuesday by the PM, with 20% still unsure and 30% saying they would not reopen.
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NewsMarston’s focused on the future
Marston’s has said the impact of coronavirus hit sales by £40m. Announcing its interim results, it said sales for the 26 weeks to 28 March dropped to £510.5m compared to £553.1m the year before. Pre-tax profits also dived from £34.2m to £9.4m. However, although it acknowledged that under the circumstance its “initial revenue and earnings profile” was uncertain it was upbeat in its outlook, saying it had “plans in place for pubs to reopen from 4 July, its JV with Carlsberg “significantly” strengthened its balance sheet and of its predominantly freehold pub estate, located outside city centres, 90% has outside space.
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NewsJW Lees launches safety campaign
JW Lees has launched a ‘JW Lees C-19 safe’ campaign to reassure employees and customers that it will provide a safe environment for everyone when it reopens. It said that it was planning to reopen its pubs with “one metre plus” distancing measures which will take place from 4 July to 5 August with “all pubs being individually risk-assessed and applying the ‘JW Lees C-19 safe’ guidelines which we have been busy developing over the last three months.”
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NewsStonegate weighs in with additional support
The Stonegate Pub Company has added further support to its existing package to help its leased and tenanted pubs – known as the Ei Publican Partnerships – to reopen. Now totalling £28m, Stonegate said the package includes rent credit equivalent to 75% for July and 50% for August for “all tied publicans on substantive agreements”. It also said credits have also been applied to “Tie Release Fees and Fixtures & Fittings rental charges and to assist with future cashflow over the next 12 months” and all rent invoices will now be produced weekly instead of monthly or quarterly.
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NewsGreene King to open two-thirds of managed estate on 6 July
Greene King is to re-open 1,294 of its managed pubs from Monday 6 July, with the remaining third of the managed estate following in a second phase, the date to be confirmed.
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NewsBrewdog co-founder James Watt: ‘I didn’t think we were going to make it through’
Brewdog co-founder James Watt has revealed that, at the start of the coronavirus crisis, he “simply did not think we were going to make it through.”
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NewsShepherd Neame to reopen two-thirds of estate next month
Shepherd Neame plans to reopen “at least two thirds” of its estate by the end of next month.
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NewsYoung’s raises £88.4m in equity issue
Young’s has raised gross proceeds of £88.4m through an equity issue.
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NewsMarston’s to open 80-85% of pubs from July 4
Marston’s CEO Ralph Findlay has said he expects the pub group will reopen 80-85% of its 1,400 pubs from July 4.
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NewsJDW confirms reopening, £48.3m CLBILS loan
JD Wetherspoon has confirmed it will open its pubs in England on 4 July, following the government’s announcement.
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NewsAsahi delivers £1.5m support package
Asahi has invested £1.5m in a support package aimed at helping its customers get back to trading. It said the support was divided into three main areas: helping customers create a safe environment for pub and restaurant goers, providing practical support and innovation like digital solutions, and preparing for unknowns and adapting according. Asahi UK MD Tim Clay said while the entire industry awaits the “release of the government’s official guidance for the reopening of pubs & restaurants we are putting practical actions in motion.
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NewsCamden Town Brewery launches pub support initiative
Camden Town Brewery has launched a new initiative to help pubs in the recovery period.
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NewsStar invests in pub reopening support package
Star Pubs & Bars has invested £250,000 in a reopening support package for its pub partners. Available to its 2,500 pubs, the package will include safety point-of sale material, alongside in-depth guidance on reopening and a risk assessment template.