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By M&C Report team2010-07-19T10:05:00+01:00
The acquisitive Stonegate has just made its biggest acquisition yet. Buying Ei Group transforms Stonegate into the biggest pub operator in the UK overnight, less than a decade after it was founded in August 2010 by TDR Capital to purchase 333 pubs from Mitchell & Butler.
With Brexit threatening to worsen the already difficult process of finding staff, some operators are looking to alternative resource pools. Georgi Gyton spoke to businesses using hospitality charity Only A Pavement Away about how the process works and the benefits of giving people a second chance.
KuPP, the Scandinavian-inspired casual dining chain, went into administration after founder Steve Cox failed to persuade investors in parent company Faucet Inn to inject new capital, according to the administrator’s report.
Hawthorn CEO Mark Davies has told MCA the “sky’s the limit” for the pub company when it lists as a separate entity.
The strength of the tied model has been validated during the pandemic thanks to the support that pubcos have been able to provide to their tenants, according to Clive Chesser, chief executive of Punch Pubs.
Revolution Bars Group is looking to expand its portfolio of brands from two to four, in order to capitalise on property opportunities post-pandemic, chief executive Rob Pitcher has told MCA.
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