Pubs, Bars & Clubs News – Page 71
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NewsShep Neame: ‘We had to challenge ourselves to survive’
Shepherd Neame CEO Jonathan Neame has spoken of his family brewery’s transition from “male, stale and clunky” brand, to modern and metropolitan pub operator.
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NewsEmma McClarkin: BBPA and UKH are “much stronger together”
The British Beer and Pub Association and UK Hospitality are “much stronger together,” Emma McClarkin, BBPA CEO told delegates at MCA’s Tenanted Pub Company Summit yesterday.
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NewsAdmiral “pleased” with performance against “challenging backdrop”
Admiral Taverns has said underlying group EBITDA rose 6.2% on the previous year to £23.7m, after it released its results for the 52 Weeks ending 1 June 2019. It also said like for like sales at its 713-strong retained estate were up 4.3%. And it said it had invested £8.1m over the last 12 months and its estate was now valued at £259.8m despite disposing of 46 pubs during the period, which reflected that investment.
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NewsTim Martin warns of EU boycott
Tim Martin has again blasted the EU and said the UK will not be “fooled by a deal that fails to achieve a real restoration of democracy”. And he suggested the public will boycott EU products if any deal ties the UK to EU laws, or fails to regain fishing rights. “If the public is tricked or cajoled it will have the power to drive imports from France and Germany down to zero, irrespective of any agreement,” said Martin.
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News“Revitalised” Revolution Bars says sales are up
Revolution Bars has said sales were up 3.5% for the 26 weeks ending 28 December 2019. When adjusted for exceptional items, pre-tax profits were up 20.5%. “We have continued to make significant progress revitalising the Revolution brand and further improving the performance of Revolución de Cuba,” said CEO Rob Pitcher.
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NewsBundobust eyes wet-led crowd with on-site brewery
Bundobust co-founder Marko Husak has tipped the brand’s forthcoming Manchester site to go against the grain of the existing estate with a more wet-led offering.
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NewsNicholson’s to launch ‘traditional’ pub at London’s O2
Nicholson’s, Mitchell and Butlers ‘real pub’ brand, is to open its 79th site this month in London’s O2.
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NewsShoreditch Bar Group acquires The Hoxton Pony
Shoreditch Bar Group has further strengthened its London portfolio after taking on The Hoxton Pony.
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NewsShare of visits and average spend up at leading pub brands
The total share of pub visits and average spend increased at every day part in Q4 2019, MCA’s Pub Brand Monitor reveals.
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NewsAndy Scott’s REL Capital withdraws interest in pub sector
REL Capital, the turnaround specialist led by Andy Scott, has withdrawn its interests in the pub sector, after a short-lived re-entry into the market with two Chelsea pubs, MCA understands.
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NewsCMA approves Stonegate/Ei deal
The CMA announced today that it has passed the proposed Stonegate/Ei deal, meaning a Phase 2 investigation will not go ahead.
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NewsHeineken toasts best sales for a decade
Heineken has reported volume sales were up 8.3% last year, its best performance in over ten years. It added net revenue was up 5.6%, with net profits up 4.3%. Chairman and CEO Jean-François van Boxmeer, who announced he would be leaving Heineken on 1 June yesterday, said in 2019 the business had delivered “another year of superior top-line growth, with continued strong performance in the second half.
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NewsSt Austell continues to diversify with two new hotels
St Austell Brewery has acquired two hotels in Devon, as it continues its strategy of diversifying its portfolio.
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Bagnall joins Barkby
The Barkby Group has appointed Rupert Bagnall as the operations director of its Barkby Hospitality division.
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NewsYoung’s acquires Camden site
Young’s has acquired a former Pubs of Distinction site, The Constitution in Camden.
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NewsMultiple operators win big at Star awards
A third of the winning pubs recognised at the Star Pubs & Bars awards last night were run by multiple operators.
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NewsUrban Pubs & Bars sales up but profits down
Urban Pubs & Bars pre-tax profits remained largely unchanged year on year according to its financial report released today.
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NewsFullers hails “Year of Change”
Fullers has said sales were up 4.3% for the six weeks over Christmas and New Year, and 2.5% for the 42 weeks to 18 January 2020. Food, drink and accommodation all delivered like for like growth. However, tenanted like for like profits were down 3%.
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NewsEverards sales up 3.5%
Everards has reported sales are up 3.5% on last year, for the year ending 30 September 2019. It also said group EBITDA of £5.9m was 1% ahead of the previous year reflecting “good trading performance and a reduction in overheads”. It also said pre-tax profits and non-recurring items of £2.1m was behind the prior year “primarily as a result of an increase in interest charges associated with the Group’s refinancing”.