All Admiral articles – Page 3
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Analysis & InsightAdmiral and Hawthorn ‘made for each other’
Originally announcing plans to go public as a standalone company in April, in the event it was a trade buyer that sealed the deal for Hawthorn.
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NewsAdmiral Taverns to acquire Hawthorn in £222m deal
Admiral Taverns has reached an agreement to acquire community pub company Hawthorn from parent company NewRiver, for a cash consideration of approximately £222.3m.
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NewsAdmiral Taverns sees profits down by a third
Admiral Taverns has achieved an underlying operating profit of £11.1m, down from £17.2m in 2019, for the 52 weeks to 30 May 2020.
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NewsAdmiral warns of mass closures if outdoor-only pub policy goes ahead
Chris Jowsey, chief executive of Admiral Taverns has warned that up to 25% of its pubs could close if the government brings in an outdoor-only policy when restrictions are relaxed for pubs.
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Analysis & InsightSunak’s sector support – help out or wash out?
The Chancellor, it seems, has done it again. For all the pre-emptive whispers of potential VAT cuts and unprecedented (in the UK, at least) voucher schemes, Rishi Sunak’s Summer Economic Update didn’t disappoint. But if the coronavirus crisis has taught us anything, it’s that glorious headlines don’t always equate to glorious results – something hospitality’s ‘squeezed middle’ know all too well. So how will Sunak’s Plan for Jobs work in reality?
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NewsAdmiral Taverns to offer tenant support to April 2021
Admiral Taverns’ tenants are being offered tapered rent support from reopening all the way through to April next year, the company has announced.
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NewsAdmiral to ask tenants for rent contribution
Admiral Taverns will ask some pub operators to contribute towards rent for May and June, as it seeks to balance “short-term and long-term needs”.
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NewsAdmiral, Greene King and St Austell to offer click and collect grocery
Online wholesaler StarStock has teamed up with Brakes, Coca-Cola European Partners and Use Your Local to launch mypubshop.com, an e-commerce platform for pubs to offer essential groceries like bread, eggs and milk via click and collect. Admiral, Greene King and St Austell have all signed up. Admiral CEO Chris Jowsey said: “We are doing everything we can to support our pub operators through this extremely challenging period.
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NewsAdmiral “pleased” with performance against “challenging backdrop”
Admiral Taverns has said underlying group EBITDA rose 6.2% on the previous year to £23.7m, after it released its results for the 52 Weeks ending 1 June 2019. It also said like for like sales at its 713-strong retained estate were up 4.3%. And it said it had invested £8.1m over the last 12 months and its estate was now valued at £259.8m despite disposing of 46 pubs during the period, which reflected that investment.
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NewsM&A Review of the Year
It certainly hasn’t been a year in hospitality M&A for the faint hearted, but for those who have stuck with the sector and taken a long-term view, opportunity has knocked. Despite fears of an investor hiatus as a result of lingering uncertainty (ongoing Brexit delays certainly haven’t been helpful to M&A advisors!), the past 12 months has again proved the robustness of the M&A market in this sector, and points to further opportunities for 2020.
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NewsMarston’s confirms deal with Admiral on pub disposals
Marston’s has announced that it has reached an agreement for the disposal of 137 of its pubs to Admiral Taverns, for £44.9m.
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NewsAdmiral acquires 150-strong pub portfolio from Star
Admiral Taverns has confirmed it has reached an agreement to acquire a portfolio of 150 tenanted community pubs form Star Pubs & Bars.
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NewsAdmiral Taverns appoints new head of property
Admiral Taverns as appointed Andrew Hallam as head of property. Hallam held previous roles at the property team at Mitchells and Butlers and Tesco, where he was responsible for property within its hospitality division.
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NewsJowsey to succeed Georgel at Admiral
Admiral Taverns has announced that Chris Jowsey will succeed Kevin Georgel as chief executive.
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NewsKevin Georgel to step down as CEO of Admiral Taverns
Kevin Georgel is to step down from his role as chief executive of Admiral Taverns after a nine-year tenure.
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NewsAdmiral eyes opportunities for growth in 2019
Admiral Taverns chief executive Kevin Georgel has told MCA that the company is primed for further acquisitions and expects there to be significant opportunities in Q2 and Q3 of 2019.
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Admiral appoints managing director
Admiral Taverns has appointed Ian Ronayne as managing director and confirmed David Wigham’s new role as interim commercial director.
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Wigham joins Admiral Taverns
David Wigham, who stepped from Punch last year after eight years in a variety of senior roles, has joined Admiral Taverns
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NewsAdmiral commercial director Simon Eyles passes away
Admiral Taverns has announced that commercial director, Simon Eyles, passed away last Wednesday at the age of 50 after a brief illness.