Pubs, Bars & Clubs News – Page 79
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NewsBrewDog considering bond payment in beer
BrewDog founder James Watt has floated the idea of issuing a £10m bond where lenders would be partly paid in beer. As reported by Yahoo Finance, Watt posted on the brewery’s investor forum the suggestion that the bond would feature both financial returns and beverages. “We are considering another £10m ...
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NewsJuly sees eating out bounce back
July was a good month for eating out compared to the same period last year, with a rise in footfall, number of visits and the amount of money spent on food and drink. According to the latest MCA Eating Out Panel for July, participation, frequency and average spend in the Eating Out market were all higher in July 2019 than July 2018, when the World Cup was taking place and heatwave was in full effect.
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NewsPub People Co to expand drafthouse concept
Pub People Co has taken on its eighth site through Star Pubs & Bars, as it looks to expand its Six Barrel Drafthouse concept.
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NewsD&D secures multi-purpose Bristol venue
D&D London has confirmed plans to launch a new restaurant and events venue in Bristol next year as it continues its expansion outside the capital.
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NewsTequila Mockingbird secures fourth site
Tequila Mockingbird has secured its fourth site – 64 Atlantic Road in Brixton, through CDG Leisure.
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NewsETM launches Westwood Pub and Kitchen at Westfield London
ETM opened Westwood Pub and Kitchen at Westfield London on 3 August. The sports-themed venue, which has a 130” HD video wall constantly showing sport, will open for breakfast, lunch and dinner seven days a week. The menu offers breakfast, burgers, pizza, pasta, sharing platters and sides.
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NewsUpham completes sale and leaseback of pub collection
Upham Pub Company has completed the sale and leaseback of 14 of its individually branded pubs to CBRE Global Investors.
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NewsHawthorn launches new partner training programme
Community pub company Hawthorn Leisure has launched a new partner training programme in order to help grow sales.
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NewsBarons looking to grow to 15 pubs
Barons Pub Company is looking to add another five sites to its estate over the next five to 10 years, MCA’s sister title The Morning Advertiser has reported.
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NewsAdmiral Taverns appoints new head of property
Admiral Taverns as appointed Andrew Hallam as head of property. Hallam held previous roles at the property team at Mitchells and Butlers and Tesco, where he was responsible for property within its hospitality division.
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NewsInn Collection announces new Sunderland site
The Inn Collection is set to open a 40-bedroom three-storey inn on Sunderland seafront as part of a £1.5bn regeneration plan for the area. The business wants to have 20 inns by 2022, it currently has ten.
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NewsSales up at Mitchells and Butlers
Mitchells and Butlers has said sales increased by 4.1% for the 43 weeks in the year to date, ending 27 July 2019. Over the same period it’s also opened six new sites and revamped 230 existing sites. It also said LFL sales for the ten-week period since its last announcement grew by 2.8%, a performance it said was “ahead of the market”.
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NewsFarmer J lines up Broadgate opening
Farmer J has lined up an opening at 1 Finsbury Avenue, near Liverpool Street Station.
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NewsMarston’s announce changes to the board
Marston’s has announced that Bridget Lea and Octavia Morley will join its board as independent non-executive Directors from 1 September 2019 and 1 January 2020 respectively. Lea is current MD (North) at Sainsbury’s and previous held roles at M&S, Clark, Uniqlo and O2.
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NewsEmeny: ‘We are evaluating M&A activity’
Fuller’s is considering M&A activity following the sale of its Beer Business to Asahi for £250m, earlier this year, chief executive Simon Emeny has told MCA.
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NewRiver’s pub portfolio continues to deliver robust cash returns
NewRiver has said its pub portfolio has continued to deliver high occupancy and robust cash returns, in the first quarter of 2019.
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NewsRevenue up 7% at Fuller’s as it enters “transformational” year
Fuller’s achieved a 7% uplift in revenue, to £43.1m for the full year to 30 March 2019, boosted by a strong performance within its Managed Pubs and Hotels arm.
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NewsBBPA call on Johnson to back beer
The BBPA has called on the new prime minister to cut beer tax and business rates. It said 900,000 people work in the beer and pub sector, which generates £22.9bn in GDP and £13bn in taxes.
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NewsBBPA backs £800k PCA refund
The BBPA has defended the Pubs Code Adjudicator’s decision to refund £800,000 to the pub companies it is tasked with regulating.
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NewsHistoric whisky bar Milroy’s kickstarts expansion after 55 years
Fabled whisky shop and bar concept Milroy’s has secured its second London site – 55 years after it was established.