All Pubs articles – Page 249
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Red Trousers sets out expansion plan
Red Trouser Entertainment, the fledgling south west London hospitality group, is opening its first pub called the Imperial Durbar in Tooting and plans to look for a second site this year
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NewsEnterprise wins award for Community Heroes scheme
Enterprise Inns, the tenanted and leased pub operator, has won an award for its Community Heroes campaign
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NewsM&B takes lead on Orchid
Mitchells & Butlers is understood to have moved ahead of private equity competition and entered exclusive talks to acquire the majority of Orchid Pub Company, for a sum of c£265m
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Home Office backs crackdown on university pub crawls
Universities will have to prove they are discouraging their students from taking part in pub crawls, under a pilot scheme launched today
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Maclay to expand BBQ concept
Maclay Inns, the Scottish pub and bar operator, has secured a second new site for its barbecue food and craft beer concept and is to ‘retro fit’ the format into two existing pubs, managing director Steve Mallon has told M&C Report
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Bar Sport to make London debut
Bar Sport, the sports bar brand, is to open its first site in London under “mini franchise” with the operator of a K10 Japanese restaurant near Liverpool Street, M&C Report has learnt
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NewsPunch shares fall on latest debt plan
Shares in Punch Taverns fell by nearly 28% yesterday after the group announced that shareholders would see their stake in the business heavily diluted under a proposed a debt-for-equity swap
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Four Dublin pubs on the market
Four pubs in Dublin have been placed on the market and are expected to sell for c€13.5m (£11m) in total, reports the Irish Independent
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Drinkaware seeks legal advice on promos
Drinkaware is seeking legal advice on forcing pubs that promote irresponsible drinking to remove any mention of the organisation in their marketing material, writes M&C Report’s sister title The Publican’s Morning Advertiser (PMA)
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Fuller's to hold cooking competition for chef 'scholars'
Fuller’s, the London-based brewer and pub operator, is to hold a head to head cooking skills competition today under its Chef Scholarship, which it launched last year
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Welsh cob named Perfect Pub Pie
The Chestnut Horse in Yorkshire has won a national award for its Welsh cob pie after Olive magazine named it the nation’s perfect pub pie in a contest judged by high profile chef Tom Kerridge
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NewsPunch proposes debt-for-equity swap
Punch Taverns has this morning published details of revised restructuring terms, including a debt for equity swap that would see bondholders take an 85% equity stake in the company
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Heartstone back in profit
Heartstone Inns, the Enterprise Investment Scheme (EIS)-backed freehold pub operator, turned around a pre-tax loss of £685,328 to report a pre-tax profit of £116,918 in what it called a “year of significant progress” in 2013
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NewsLfls up 10% at Draft House
Draft House has reported a 17% rise in like-for-like sales in May and said it hoped to have new site news shortly
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City Pub Co EBITDA nears £1m in 'transformational' year
The operator has reported EBITDA of £912,166 in the “transformational” year to 29 December, and expects it to reach as high as £8m by 2017 as the company grows to c30 sites, chief executive Clive Watson has told M&C Report
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Hawthorn being offered “lots of pubs”
Hawthorn Leisure, the new pub group, is being offered “lots of pubs” and hasn’t ruled out buying managed sites
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NewsGreene King pulls out of Orchid sale process
Greene King has announced it has pulled out the sale process for Orchid Group, with the latest round of bids for the 225-strong Rufus Hall-led company thought to be due in today
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NewsJW Lees identifies templates for five-year expansion plan
JW Lees currently has a £20m “war chest” to open 15 pubs per year and has identified four operating templates for its expansion, managing director William Lees-Jones has told M&C Report
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NewsAnalyst corner
Mark Brumby at Langton Capital takes a look at yesterday’s first half update from Mitchells & Butlers (M&B) and says that whilst the group’s “performance is a shade soggy, it’s a challenge to put your finger on just why this is the case”
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Sussex Pub Group eyes expansion
The Sussex Pub Group, which operates pubs in and around Chichester, West Sussex, is actively looking for further sites with the ambition of adding one new site a year