Pubs, Bars & Clubs News – Page 9
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NewsWetherspoon reports 5.6% rise in like-for-likes in Q1
Chairman Tim Martin warned of widespread price rises across the sector following the Budget, but said the business would make every attempt to stay as competitive as possible
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NewsDraught duty cut is a ‘drop in the ocean’
Pub sector leaders including Nick Mackenzie, Simon Dodd, Simon Emeny, and Chris Jowsey have expressed concern that costs will continue to rise with the reduction in business rates relief and rise in National Minimum Wage
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NewsCamerons Brewery secures new funding
The Hartlepool-based brewer and pub company has agreed a refinance and new funding package with Sandton Capital Partners and IGF
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NewsTreasury considering how to expand access to pubs for small brewers
The government wants to give pubs “greater flexibility to buy beer from local small breweries to help bring in more footfall, expand choice for drinkers and support local breweries” The Guardian reports
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NewsStonegate invests £1m into launching new beer hall concept
Rita’s Beerhall and Ballroom will open in Leeds city centre before Christmas, offering live music, entertainment, and all-day dancing seven days a week
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NewsThe Revel Collective looks ahead to improved trading
The Revolution and Peach Pubs operator reported sales of £149.5m in FY24, with an improved performance since year end due to the return of students and early bookings for the festive period
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NewsMarston’s outlines new strategy
As a focussed pub operator, Marston’s will invest in five distinct pub formats to drive higher profit margins, and with the potential for refinancing to deliver suplus cash
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NewsValiant Pubs reaches 70-site milestone
The community-focused pub group is looking to grow its foothold in the south of England, as part of its ongoing strategy to strengthen its market position across the UK.
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NewsAlarming rate of pub turnover amid ‘crushing rate’ of tax and costs
CAMRA data shows that over 1,200 pubs will likely be shuttered this year, compared to around 1000 in 2023, and just over 800 in 2022
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NewsMarston’s to set out pure-play hospitality strategy
Chief executive Justin Platt said Marston’s was ”embarking on a new and exciting chapter” and would lay out its five pillar strategy at a Capital Markets Day later today.
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NewsArrowsmiths comes to London
Mitchells & Butlers is bringing its interactive darts experience to The Hawkins Forge, its first in the capital
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NewsRevolution Bars Group changes name to The Revel Collective
After agreeing a restructuring plan, the new name signals a “fresh start” for the group, which operates Revolution Bars, Revolucion de Cuba and Peach Pubs
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NewsThornbridge & Co to make London debut
The Wild Swan will open on 99 Fetter Lane in Easter 2025, under the Thornbridge Brewery and Pivovar joint venture
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NewsPub sector warns of ‘end of affordable pint’
Brewers and pub operators have warned Chancellor Rachel Reeves that increasing tax on alcohol and pubs in this month’s Budget could result in closures as businesses have “nothing left to give”
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NewsXP Factory secures new £10m bank facility
The experiential leisure operator said the new revolving credit facility would give it the flexibility and capacity to grow both its Boom Battle Bar and Escape Hunt estates.
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NewsMarston’s achieves 4.8% rise in like-for-likes
The pub operator reported total retail sales for its managed and franchised pubs of +5.8% for the 52 weeks to 28 September 2024, with food sales particularly encouraging.
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NewsAmber Taverns acquired by Epiris
CEO James Baer said the undisclosed investment would enable the community pub operator to enter its next growth phase and support its ambitious expansion plans
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NewsIn pictures: Stonegate introduces Social Pub & Kitchen rebrand
The newly transformed pubs feature a focus on live sport, premium drinks, and experiences like bottomless brunch
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NewsPunch Pubs acquires three more
The company has acquired community pubs the Grey Horses Inn in Worksop, The Straw Bear pub in Peterborough, and The Salmon Leap Southampton
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NewsInception Group delivers record revenue
The Mr Fogg’s and Cahoots operator achieved a 16.7% rise in revenue to £26.5m in 2023, while forecasts for 2024 suggest a record-breaking year, with projected revenues of £29m