By M&C Report team2005-06-26T07:45:00+01:00
Britain’s managed pub, restaurant and bar groups saw sales drop just 1% in June from the same month in 2019, according to the Coffer CGA Business Tracker boosted by good weather.
Travel hub operator SSP has simplified its menus by up to 50-60% during the pandemic, which could result in smaller menus remaining post-covid, according to an analysts’ note by Peel Hunt.
East Coast Concepts, the Manchester-based restaurant and bar group, has been bought out of administration.
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The challenges around acquiring large freehold pub sites in great market towns has led Oakman Inns to refocus its growth strategy.
Pub deals such as Admiral Taverns’ acquisition of Hawthorn and Punch’s of Ram Pub Company show buyers are willing to look “forwards, not backwards”, Simon Johnson of CBRE has said.
Electric Group, the nightclub and live music venue operator backed by family that own River Island, has secured the former O2 Newcastle Academy, with plans for a UK-wide expansion drive.
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