Pubs, Bars & Clubs News – Page 74
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NewsLivelyhood pub group revenue up as it plans 2020 opening
Livelyhood combined revenue at just under £7.5m for the year ending 31 July 2019, a turnover increase of £1.5m from approximately £6m in 2017/18 and plans to open its seventh site next year.
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NewsStonegate launches female mentoring programme
Stonegate Pub Company has launched a new female mentoring programme to increase the representation of women in leadership roles across the business.
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NewsTim Hortons opens 25th UK site
Tim Hortons launched its 25th restaurant in the UK on Tuesday (10 December) in Cumbernauld, Scotland.
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News2020 expansion planned across Fuller’s entire estate
Fuller’s tenanted profits dip a “short term blip,” as it plans continued expansion into 2020, CEO Simon Emeny told MCA.
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NewsSales up at Fuller’s after transformational start to the year
Fuller’s has made a “solid” start to its premium pubs and hotels business, as it released its financial results for the half year to 28 September 2019. It said it had made £164.5m profit from the sale of its beer business to Asahi, that sales were up 6% to £174.8m ...
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NewsWetherspoons makes £200m pre-election spending pledge
Wetherspoons has announced it will invest more than £200m into its pub estate over the next four years.
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NewsDrink sales drive managed operators’ growth
Driven by drink sales, the UK’s managed pub and restaurant operators saw collective like-for-like sales edge up 0.5% in November compared to the same month last year, CGA’s Coffer Peach Tracker revealed.
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Robinsons acquires Individual Inns
Robinsons Brewery has acquired six-strong pub operator Individual Inns, in a deal which boosts its managed estate to 20 sites.
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NewsPeter Marks: ‘Eden is not where we want it to be’
The Deltic Group’s new Eden concept is “a work in progress”, chief executive Peter Marks has told MCA – but the plan is to expand it once the kinks are ironed out.
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NewsLoungers: ‘We see further opportunities in the evenings’
Loungers sees further opportunities to boost its trade in the evenings, particularly when it comes to drinks sales, chief executive Nick Collins has told MCA.
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NewsUrban Village takes on former Epic pub
Urban Village Pub Company has acquired former Epic Pub Company site, 185 Watling Street Pub & Kitchen in Towcester.
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NewsMarket Taverns acquires The Cleveland Arms
London pub operator Market Taverns has acquired The Cleveland Arms in Paddington for its sixth site.
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NewsInn Collection begins Lakes rollout
The Inn Collection Group has made its Lake District debut with the opening of a 30-bed pub with rooms in Ambleside.
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NewsNewRiver acquires Bravo Inns for £17.9m
NewRiver, the real estate investment trust (REIT), has acquired community pub company Bravo Inns for £17.9m.
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NewsBrasserie Bar co considering Knutsford disposal
Brasserie Bar Co is considering disposing of its Brasserie Blanc site in Knutsford, after profits dipped below expected levels, MCA understands.
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NewsL’Atelier du Vin secures third site
L’Atelier du Vin, the premium wine and cocktail bar concept, has secured its third site, in Brighton’s Laines.
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NewsETM reveal sales boost amid “challenging” conditions
ETM grew sales 16.7% to £31.5m for the year ending 24 February 2019. Like-for-like sales were up 5.8% thanks to an increase in events sales, a focus on sport, and expansion. Group EBITDA rose 56.2% to £2.6m which the business said was “underpinned by sales growth, a commitment to optimising margins and leveraging head office overheads.”
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NewsRalph Findlay: ‘We are behind the market on food’
Marston’s is to adopt a “renewed focus” on the proposition in its food-led pubs after falling behind the market with its offer, chief executive Ralph Findlay told MCA.
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NewsDarwin & Wallace opts for reinvestment over expansion
Darwin & Wallace is putting expansion plans on hold to focus on improving its existing estate amid political and market uncertainty, managing director Mel Mariott has told MCA.
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NewsRevolucion de Cuba collaborates with Bacardi
Revolucion de Cuba Bars has teamed up with Bacardi to launch a limited edition rum.