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All Punch Pubs Co articles – Page 6
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NewsCMA extends Punch takeover investigation again
The Competition and Markets Authority has extended the preliminary assessment period for its investigation into Heineken’s proposed acquisition of half of Punch’s estate.
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News
Crump leaves Punch
Andy Crump, the head of Punch’s Falcon division, has left the company, MCA has learnt.
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News
Punch reshuffles senior team and introduces new agreement
Punch has reshuffled its senior team as it begins a trial of a new turnover-based agreement designed for wet-led pubs, MCA has learnt.
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News
Punch grows Village Pub & Kitchen estate
Punch has grown its Village Pub & Kitchen to seven sites and is assessing its estate for the next stage of rollout, MCA has learnt.
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NewsPunch shareholders back Heineken/Patron bid
Punch shareholders have overwhelmingly backed the Patron/Heineken bid to acquire the company in a deal valuing the UK’s second biggest pub company at £1.8bn.
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News
Emerald rules out Punch bid
Emerald Investment Partners has confirmed that it does not intend to bid for Punch.
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Opinion
Seconds out for Punch suitors
As Punch reveals the timetable for shareholders to vote on the takeover bid for Heineken and Patron Capital (see below), James Wallin asks if the knock-out blow has been delivered or if further twists are ahead. He also discusses the wider implication of the proposed tie-up for the wider sector.
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News
Mansfield steps down for Harry Ramsden’s
Gavin Mansfield has stepped down as head of pub operations at Harry Ramsden’s
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Punch sees disposals impact FY EBITDA
Punch saw EBITDA in its financial year to 20 August fall 9% to £178m reflecting a £324m disposal programme over the last two years.
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Griffiths to step down from Punch
Punch has announced that Neil Griffiths has decided to stepdown from his current position of chief strategy officer and will leave the company he joined in 2001
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News
Punch launches Village Pub & Kitchen
Punch is trialling a new trading format called Village Pub & Kitchen, which has the potential to roll out to hundreds of sites nationwide, MCA has learnt.
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NewsPunch accelerates retail division rollout
Punch has increased its expansion plans for its retail division, with 150 pubs a year now expected to be converted.
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News
Punch and Heineken in free pint promotion
Punch has teamed up with Heineken to offer customers a free pint
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Punch launches new ‘operator’s guide to success’
Punch has launched a three-part guide to help pubs develop their businesses
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Punch appoints permanent marketing director
Punch has confirmed to MCA that Neil Macgeorge has been made its permanent marketing director.
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Punch strengthens accommodation team; revamps menu offer
Punch is planning to strengthen its accommodation team ahead of the imminent rollout of its new retail format, MCA has learnt.
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News
Punch returns to free pint promotion
Punch has teamed up with Stella Artois and Carling to give UK drinkers the chance of a free pint in its pubs
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NewsGarrood: Encouraged by initial results of new strategy
Duncan Garrood, chief executive of Punch, has said that the company has been encouraged by initial results of its new strategy
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News
Punch: Performance in line with expectations
Punch has said that its performance for the 28 weeks to 5 March was in line with management expectations as it reported that average profit per pub across its entire estate increased 3% during the period
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NewsPavli to head up Punch’s Mercury Pubs arm
Punch has re-structured its turnaround division, which has been renamed Mercury Pubs and is now headed by Paul Pavli, MCA understands.