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By M&C Report team2012-04-30T15:15:00+01:00
Brewer and pub operator Adnams has said it is keeping “a weather eye” firmly on the long-term future of its pubs and their tenants, and anticipates pubs returning to paying full rent later this year, provided there are no further regional or national lockdowns.
City Pub Group has acquired a 49% stake in Kensington Park Hotel and increased its shareholding in Mosaic Pub and Dining.
Brewer, pub operator and retailer Adnams saw sales down for the 12 months to 31 December, from £74.7m in 2019, to £50.6m in 2020. The company posted a £3.7m operating loss, compared to profit of £719k for the same period last year.
BrewDog has promised to “listen and learn” after an explosive open letter was released by former staff accusing the craft beer company of presiding over a toxic work culture.
The government is looking at a “mix-and-match” approach to easing lockdown restrictions, with nightclubs not expected to be allowed to reopen “for a while”.
Drake & Morgan has secured approval to enter a Company Voluntary Arrangement (CVA), with 90% of creditors voting in favour of the proposals at a meeting last week.
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