All Pubs articles – Page 55
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NewsPubs shed 11k sites - employment up 6%
The number of jobs in the pub industry is up 6% since 2008 – despite the number of pubs falling by 11,000, an analysis by the Office for National Statistics (ONS) reveals.
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NewsUrban acquires Salt Yard Group
Urban Pubs & Bars has completed the acquisition of the remaining Salt Yard Group, after taking on the Opera Tavern in Covent Garden in August.
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NewsFuller’s evaluating scope for Bel & Dragon brand
Fuller’s chief executive Simon Emeny has told MCA the group is now evaluating the potential for the Bel & The Dragon brand – including possible conversions within the Fuller’s managed estate.
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NewsETM reports FY turnover up 34.7%
ETM, the 14-strong bar and restaurant group, saw turnover grow 34.7% to £27m in the year to 29 February 2018.
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NewsM&B: JVs, virtual brands and surge pricing
Following yesterday’s full-year results announcement, MCA talks to Mitchells & Butlers chief executive Phil Urban. He discusses performance across its suite of brands, and why he sees joint ventures as the smartest form of M&A. He also says developing a virtual brand is on the company’s road map, talks about the rollout of order at table technology and the company’s work on flexing price during busy periods.
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NewsHawthorn model could be rolled out across NewRiver’s retail portfolio
Mark Davies, the executive chairman of the 616-strong Hawthorn Leisure pub company, has told MCA that its management skills are already being integrated into the shopping centre portfolio of parent company NewRiver.
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NewsFindlay: ‘It will be tough to match lfls growth in Taverns estate next summer'
Marston’s chief executive Ralph Findlay has told MCA it would be ‘tough’ for its Taverns estate to match the like-for-like sales growth seen within its managed and franchised pubs this year (+3.8%, in 2019.
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Opinion
The original start-up
Clive Chesser took the helm at the slimmed down and privatised Punch this summer. Here, he talks to James Wallin about the tied and Retail models, joint ventures, acquisitions and investment
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NewsM&B FY lfls up 1.3%
Mitchells & Butlers has this morning announced like-for-like sales the year to 29 September up 1.3%, with a 2.2% rise in the past seven weeks.
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NewsNewRiver sees £1.7m synergies from Hawthorn in H1
NewRiver says it has unlocked £1.7m of the expected £3m synergies from the acquisition of Hawthorn Leisure.
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NewsMarston’s reports ‘solid’ start to FY19
Marston’s has reported a ‘solid’ performance in the seven weeks since 29 September, with growth in pub like-for-like sales (lfls) and own and licensed beer volumes.
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NewsEiG: 2020 is ‘just a line in the sand’
Ei Group chief executive Simon Townsend has told MCA that 2020 is merely a ‘line in the sand’ in terms of its strategy and he expects the managed pub estate to continue growing at up to 125 pubs a year well into the next decade.
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Opinion
Crafting success in the wet-led sector
Ei Group’s Craft Union model has grown to more than 250 sites in under four years, and now has its sights set on London, where it expects to have 40 pubs by the end of next year. James Wallin speaks to operations director Frazer Grimbleby about further expansion, managing the balance between EiG’s tenanted and managed estates and the potential for a food offer within the Craft Union model.
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NewsEiG managed lfls up 7.1%; ‘considerable interest’ in commercial property arm
Ei Group (EiG) has reported like-for-like (lfl) sales up 7.1% in its 308-strong managed division for the year to 30 September.
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OpinionYoung’s: Levers for growth; bolt-on acquisitions and cannabis cocktails
Young’s chief executive Patrick Dardis spoke to MCA after yesterday’s H1 trading update. He discussed further levers for growth, why Young’s has turned down several pub groups on the market, his anger with politicians, why he doesn’t pay attention to what his peers are doing and why cannabis-infused mocktails may be the next big trend.
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NewsOakman Inns set to appoint advisors
Oakman Inns is set to appoint advisors at the start of next year as it looks to take a flexible approach to any eventual exit for its investors, MCA understands.
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NewsWest End pub let to Shep Neame sells for £3.75m
The freehold investment of The Cheshire Cheese pub in London’s West End has been sold to a pension fund investor for £3.75m.
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NewsYoung’s H1 managed lfls up 5.2%
Young’s has reported a 5.2% rise in like-for-like sales (lfls) in its managed estate for the 26 weeks to 1 October, with total revenue up 8.8% to £156.8m along with a 4.7% increase in adjusted EBITDA to a half-year record of £40.4m.
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NewsThwaites attacks 'politically induced' trade challenges
Thwaites, the Lancashire-based brewer and pub operator, has reported half year like for like turnover growth of 5% in its tenanted pubs, following the hot summer and World Cup run.
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NewsRullo's to open pub in Hackney Wick
Rullo’s, the two-strong Italian restaurant group, is launching a pub, Müller & Briggs, in Hackney Wick.