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All Punch Pubs Co articles – Page 3
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NewsGavin George to step down as Laine CEO
The Laine Pub Company founder will transition to non-executive director within the wider Punch Pubs group, while Russell Danks will lead the management of the Laine division
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InterviewsClive Chesser: ‘Pubs will continue to reinvent themselves’
As he steps away from Punch Pubs & Co to join PureGym Group, Clive Chesser reflects on a personal and wider societal shift towards health and fitness, why he prefers balance over moderation, and how he believes the pub sector will always keep evolving
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NewsPunch Pubs appoints new CEO as Clive Chesser steps down
Punch Pubs’ current chief operating officer Andy Spencer has been appointed as its new CEO, replacing Clive Chesser, who leaves next month to become CEO at The PureGym Group.
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NewsPunch Pubs: All divisions remain in growth
The Leased and Tenanted, Management Partnership, and Laine divisions all delivered like-for-like growth, with total revenue amounting to £241.5m
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Black Sheep Coffee, Punch Pubs, Pizza Pilgrims and Sunday in Brooklyn
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InterviewsPunch Pubs sees ‘more stable’ operating environment
This has resulted in strong EBITDA growth in Q2 2024, with more to come, according to CEO Clive Chesser and CFO Steve Dando
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NewsPunch delivers revenue and EBITDA growth
Underlying EBITDA for FY24 of £85.6m is now ahead of pre-pandemic levels; while the company is seeing “strong returns on investment” from its Managed Partnership division, with 70 more pubs identified for conversion
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NewsPunch acquires former Wear Inns portfolio
Punch Pubs & Co has added 24 former Wear Inns sites, located in the Northeast and Yorkshire, to its 1,300-strong estate
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NewsIn pictures: Laine Pub Company’s Butterfly Trail
The pubco and craft brewer has partnered with Pixel Artworks to bring an augmented reality experience to Brighton’s Spiegeltent
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NewsPunch Pubs reports growth across all divisions
The pub company has identified 70 new pubs in its leased & tenanted estate it will look to convert to its management partnership model over the next three years
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NewsLaine Pub Company delivers ‘credible’ performance
Despite the impact of challenging trading conditions, the 56-strong pub operator reported a rise in revenue to £52.7m in the year to August 2023
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NewsAutumn Statement provides ‘lifeline’ for pubs
Pub operators welcomed the decisions to extend business rates relief and freeze alcohol duty, while calling for long-term reforms to reduce costs and tax burden on hospitality
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NewsPunch Pubs secures hospitality heavyweight trio
After securing the services of Dame Karen Jones and John Colley earlier this year, Hamish Stoddart has been appointed to the Punch Pubs board
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InterviewsPunch Pubs confident in internal expectations
The 1,248-strong pub operator expects cash flow, profitability, and EBITDA to grow going into FY24, according to CEO Clive Chesser and CFO Steve Dando
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NewsPunch Pubs reports strong full year results
The 1,248-strong pub operator reported like-for-like growth across divisions, with total revenue of £313.5m for FY23, up from £284.4m in FY22
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NewsPunch reports strong performance across divisions
Punch Pubs has updated on the 12 weeks ended 21 May 2023 (Q3 FY23), with total revenue of £75.8m and underlying EBITDA of £20.3m
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InterviewsStar Pubs & Bars: ‘The great British consumer still loves pubs’
MD Lawson Mountstevens told MCA’s Pub Conference said despite cost challenges, he feels much more optimistic than eight months ago, as consumer demand is coming through strongly on the top line
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InterviewsPunch: Operator managed model makes us better at running pubs
The model is also providing a solution for “very talented” individuals who want to build a career in the sector, Punch CEO Clive Chesser told MCA’s Pub Conference
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NewsPunch sees half year revenues up, but profits down
The group has reported an uplift in revenue to £158.1m for the 28 weeks to 26 February 2023, with a stronger performance in the second quarter compared to 2022
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NewsPunch partners with Eden Project
The pub company has partnered with the Eden Project as part of a pledge to reduce its carbon footprint and increase biodiversity across its estate by enhancing its pub gardens