All Pubs articles – Page 17
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NewsBid for Greene King valued at c.£4.6bn
Greene King has received an offer to acquire the business from CK Bidco – a newly incorporated wholly-owned indirect subsidiary of Hong Kong-based property developer CK Asset Holdings (CKA), in a deal valued at c.£4.6bn.
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NewsBrakspear’s managed pubs boost revenues
Brakspear parent company J T Davies & Sons increased turnover by 12%, to £31.8m, during 2018.
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NewsBrewDog considering bond payment in beer
BrewDog founder James Watt has floated the idea of issuing a £10m bond where lenders would be partly paid in beer. As reported by Yahoo Finance, Watt posted on the brewery’s investor forum the suggestion that the bond would feature both financial returns and beverages. “We are considering another £10m ...
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Analysis & InsightAlixPartners: The bar remains open
While it has certainly become more challenging to secure investment in parts of the restaurant market, the past 12 months has seen continued M&A and investment activity across the pub and bar space. The breadth of this activity highlights the current strength of this part of the sector, and this trend does not look like slowing anytime soon, argues AlixPartners’ Graeme Smith.
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NewsPub People Co to expand drafthouse concept
Pub People Co has taken on its eighth site through Star Pubs & Bars, as it looks to expand its Six Barrel Drafthouse concept.
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NewsBarons looking to grow to 15 pubs
Barons Pub Company is looking to add another five sites to its estate over the next five to 10 years, MCA’s sister title The Morning Advertiser has reported.
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News
NewRiver’s pub portfolio continues to deliver robust cash returns
NewRiver has said its pub portfolio has continued to deliver high occupancy and robust cash returns, in the first quarter of 2019.
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OpinionMarston’s: ‘It’s been tougher this year.’
Marston’s had a strong start to the year, but-like-for like growth has been hampered in recent weeks by the freak comparative of last year. Following a trading update CEO Ralph Findlay talks to MCA about why the pubco is putting its £70m new-build programme on ice, investing in its premium and wet-led estate, and what he calls a lager summer.
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NewsRevenue up 7% at Fuller’s as it enters “transformational” year
Fuller’s achieved a 7% uplift in revenue, to £43.1m for the full year to 30 March 2019, boosted by a strong performance within its Managed Pubs and Hotels arm.
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NewsBBPA call on Johnson to back beer
The BBPA has called on the new prime minister to cut beer tax and business rates. It said 900,000 people work in the beer and pub sector, which generates £22.9bn in GDP and £13bn in taxes.
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Analysis & InsightPub menus: Quantity over quality?
MCA market insight director Steve Gotham looks at whether the increases seen in pub menu counts are sustainable, particularly when extensive menu choice is not a particularly high-ranking consumer need.
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Analysis & InsightEIG: ‘We have been on alert for at least a year now’
Following the shock news yesterday that Stonegate has announced its intention to acquire Ei Group, MCA’s Georgi Gyton caught up with Ei’s chief executive Simon Townsend, and chairman Robert Walker to find out what it means for both businesses.
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Analysis & InsightStonegate is buying Ei Group in a stunning £2.96bn deal. It’s a big one, but is it a good one?
The acquisitive Stonegate has just made its biggest acquisition yet. Buying Ei Group transforms Stonegate into the biggest pub operator in the UK overnight, less than a decade after it was founded in August 2010 by TDR Capital to purchase 333 pubs from Mitchell & Butler.
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OpinionStonegate: ‘It’s a great story for the high street’
Stonegate’s latest acquisition sees it become the UK’s biggest pub operator with the £3bn takeover of Ei Group. CEO Simon Longbottom speaks to MCA about its track record of acquisitions and investment, experience in leased and tenanted pubs, and why the deal is a vote of confidence in a pub sector.
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NewsChestnut Group up to 10 sites and looking for more
The Chestnut Group has acquired a further site in Suffolk – The Crown in Stoke-by-Nayland, taking its total estate to 10, with the business eyeing additional opportunities.
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NewsYoung’s appoints Dodd as COO
Young’s & Co has appointed Simon Dodd, formerly of Fuller’s, in the newly created role of chief operating officer.
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NewsStonegate agrees to acquire Ei Group in £1.27bn deal
Stonegate Pub Company has agreed to acquire Ei Group in a cash deal valuing the listed pub group at £1.27bn.
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NewsRestaurant and pub sales see reversal of fortune this June
Managed restaurant groups enjoyed a collective 6.1% like-for-like sales boost in June, figures from the latest Coffer Peach Business Tracker show.
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NewsBBPA announces ‘Beer Champions’
The British Beer & Pub Association (BBPA) has named 110 MPs as “Beer Champions” in recognition of their role in supporting the industry since the start of the 2017 Parliament.
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News‘Pubs could learn from Flight Club’
Pubs should try and replicate the success of new concepts like Flight Club by improving their in-house entertainment, Marstons’ Andrew Carlill has told MCA’s Pub Conference.