All Pubs articles – Page 17
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Analysis & InsightEIG: ‘We have been on alert for at least a year now’
Following the shock news yesterday that Stonegate has announced its intention to acquire Ei Group, MCA’s Georgi Gyton caught up with Ei’s chief executive Simon Townsend, and chairman Robert Walker to find out what it means for both businesses.
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Analysis & InsightStonegate is buying Ei Group in a stunning £2.96bn deal. It’s a big one, but is it a good one?
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.
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OpinionStonegate: ‘It’s a great story for the high street’
Stonegate’s latest acquisition sees it become the UK’s biggest pub operator with the £3bn takeover of Ei Group. CEO Simon Longbottom speaks to MCA about its track record of acquisitions and investment, experience in leased and tenanted pubs, and why the deal is a vote of confidence in a pub sector.
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NewsChestnut Group up to 10 sites and looking for more
The Chestnut Group has acquired a further site in Suffolk – The Crown in Stoke-by-Nayland, taking its total estate to 10, with the business eyeing additional opportunities.
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NewsYoung’s appoints Dodd as COO
Young’s & Co has appointed Simon Dodd, formerly of Fuller’s, in the newly created role of chief operating officer.
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NewsStonegate agrees to acquire Ei Group in £1.27bn deal
Stonegate Pub Company has agreed to acquire Ei Group in a cash deal valuing the listed pub group at £1.27bn.
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NewsRestaurant and pub sales see reversal of fortune this June
Managed restaurant groups enjoyed a collective 6.1% like-for-like sales boost in June, figures from the latest Coffer Peach Business Tracker show.
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NewsBBPA announces ‘Beer Champions’
The British Beer & Pub Association (BBPA) has named 110 MPs as “Beer Champions” in recognition of their role in supporting the industry since the start of the 2017 Parliament.
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News‘Pubs could learn from Flight Club’
Pubs should try and replicate the success of new concepts like Flight Club by improving their in-house entertainment, Marstons’ Andrew Carlill has told MCA’s Pub Conference.
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NewsOakman reports lfls increase of 4.8% for last quarter
Oakman Inns has reported that like-for-like sales increased by 4.8% for the 13 weeks to 30 June 2019.
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News
Barons Pub Company sees +12% rise in turnover
Barons Pub Company sees turnover up by up by more than 12%, from £11.5m to £12.9m for the 12 months to 30 September 2018.
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NewsAprirose completes first of 14 revamps
Blackrose, the new pub management company from Aprirose, has launched The Anchor Bexley, the first of 14 pubs in its portfolio to undergo a major refurbishment.
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NewsGreene King defends beer tie model
Pubcos should celebrate the leased and tenanted model, with a change in narrative needed in “unfair” characterisation, Greene King’s Wayne Shurvinton tenanted told MCA’s Pub Conference.
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NewsWetherspoon like-for-likes up 6.9%
J D Wetherspoon has updated on trading, with like-for-like sales up by 6.9% in the 10 weeks to 7 July 2019.
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NewsStar probed over suspected pubs code breach
An investigation has been launched by the Pubs Code Adjudicator into the suspected use of “unreasonable stocking terms” by Star Pubs and Bars in proposed market rent only (MRO) tenancies.
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Calls for Conservative leadership to back beer and pubs
A coalition of industry trade groups has written to both Tory leadership contenders with a hit list of measures it said would support brewers, pubs and other hospitality operators.
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NewsYoung’s stays positive as bad weather dents trading
Young’s has reported like for like sales at its managed house estate were down 2.1% for the first 12 weeks of 2019, blaming poor weather.
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NewsYummy Pub Company to go freehold
Yummy Pub Company plans to split its business into leasehold and freehold divisions, with the ultimate aim of becoming a “predominantly freehold” operation, MD Anthony Pender has told MCA.
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NewsInn Collection targets originally too ambitious for Alchemy
The Inn Collection’s ambitious expansion targets were reined in by its backers Alchemy Partners, admitted the group’s managing director Sean Donkin, at MCA’s Pub Conference.
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News
Star markets 150 former Punch pubs
Star Pubs & Bars is marketing 150 pubs that were originally acquired from Punch.