All Stonegate Pub Company Limited articles – Page 2
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NewsStonegate’s MiXR app hits one million downloads
The milestone marks a significant achievement in how the pub group is enhancing guest engagement across its 700+ managed venues, less than a year after the app’s launch
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NewsStonegate agrees debt refinancing
As part of the deal, funds managed by TDR Capital will make a c£250m shareholder contribution, “demonstrating their continued support and confidence in the future of the business and the Great British Pub”
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NewsCraft Union shakes up operator-managed model
The Stonegate-owned community pub company has introduced extra incentives, additional profit share and uncapped earning potential for its managed operators as it opens its 600th site, CEO Frazer Grimbleby tells MCA
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NewsStonegate nears debt refinancing with new funds from PE backer
TDR Capital is set to inject around £200m into the pub and bar group, while £2.2bn of bonds are set to be refinanced with a longer maturity and a higher coupon, Bloomberg reports
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NewsSlug & Lettuce increases profitability after loss in 2023
The Stonegate-owned bar brand revealed a pre-tax loss of £3.1m, but has since delivered a rise in revenue as it looks to build momentum during a summer of sport
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InterviewsStonegate: ‘We have momentum despite everything thrown at us’
CEO David McDowall discusses the shared culture of “restlessness and curiosity” between Stonegate and BrewDog, and the ability to move at pace despite scale
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InterviewsDavid McDowall: ‘Craft Union is a jewel in the Stonegate crown’
The Stonegate CEO discussed the group’s data-led strategy, the beauty in the simplicity of the Craft Union model, and his confidence in the business achieving its balance sheet goals at MCA’s Pub conference yesterday
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NewsStonegate appoints Mark Davies as NED
The former CEO of Hawthorn Community Pub Company, which was sold to Admiral Taverns in 2021, adds a “real sense of momentum” to the Stonegate board
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NewsStonegate boosts profits in H1
The pub and bar company reported adjusted EBITDA up 7.7% to £196m, driven by its leased & tenanted and Craft Union divisions, while like-for-like sales in its managed estate were flat
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Inception Group, Cocotte, Be At One and more
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![Suzanne-Baker[1]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/5/6/1/327561_suzannebaker1_320745_crop.jpg)
NewsSuzanne Baker joins Market Taverns
The former Stonegate commercial director, who has more than 35 years’ experience in the pub sector, joins the London pub company as a non-executive director
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NewsStonegate’s MiXR launches in-app sport capabilities
With over 450 pub venues throughout the UK offering sports viewing experiences, the app will help customers find a venue to watch, earn rewards, and complete ‘MiXR Missions’
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EventsDavid McDowall on Stonegate’s strategic vision at the Pub Conference
In a keynote session, the CEO will share his progress so far at Britain’s largest pub group; how he is the embodiment of its bar-to-boardroom culture, and how the group is utilising data insights to optimise its diverse portfolio
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Analysis & InsightStonegate’s looming debt issue
The UK’s biggest pub and bar company has debts totalling £2.2bn, a situation exacerbated by high interest rates, the overall cost of debt for its complex tiered debt structure, and different parties not being able to agree a way forward in refinancing, analysts tell MCA
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InterviewsStonegate: ‘People are socialising differently’
CEO David McDowall describes a shift in consumer behaviour as customers opt for lunchtime and afternoon pub visits over nights out
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NewsStonegate seeing ‘material improvements in profitability’
The group delivered a “highly respectable performance”, with Craft Union enjoying 28% turnover growth. Total evenues grew by 6.7% but adjusted EBITDA was down 6.25%, due to macroeconomic challenges
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NewsStonegate announces senior appointments
The group has appointed Carol Campbell, Lee Reed and Frazer Grimbleby as managing directors, while Nick Andrews is set to retire
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NewsNew operations director at Craft Union
Lucy Barker joins Stonegate’s operator-led business from her role as ops director for Punch Pubs & Co
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NewsHelen Charlesworth to leave Stonegate
The managing director of Stonegate’s managed business said the time was right to allow a “fresh vision” for the division
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NewsStonegate reports strong trading momentum
The group achieved 12% like-for-like sales growth in its pubs over Christmas, while late night and branded bars were up 10%, according to CEO David McDowall