All Pubs articles – Page 304
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NewsM&B segments consumer groups and 'needs'
Mitchells & Butlers (M&B), the managed operator, has identified six different customer groups and seven different leisure “needs” following interviews with 8,000 consumers
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NewsPunch: disposals to slow, 'confident' of restructure
Punch Taverns is likely to slow down its disposals to 300 to 350 per year in 2014, says finance director Steve Dando who also told M&C Report he’s “confident” Punch’s debt restructure will occur in the second half of 2013
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Osmond: Pub closures 'long overdue'
Hugh Osmond, the high-profile investor who founded Punch Taverns, has told M&C Report the closure of 10,000 pubs in the past decade has been “long overdue” and said closures will ultimately benefit the industry
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NewsSpirit managed lfls rise 4.1%
Spirit Pub Company reports a 4.1% rise in like-for-like net managed sales in the 12 weeks to 17 August and improving trends in its leased estate
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NewsEnterprise announces £100m bond offering
Enterprise Inns has announced an offering of approximately £100m of senior, unsecured Guaranteed Convertible Bonds due 2020, which it said would provide it with low cost, unsecured long-term funding, reduce its overall cost of borrowing, provide it with increased flexibility and enhance prospects for growth
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Wear Inns eyes larger sites
Wear Inns, the 26-strong northern pub operator, is “back on the acquisitions trail” and is looking to buy larger premises, managing director John Weir has told M&C Report
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MasterChef finalist to aid Young’s pub relaunch
MasterChef finalist Tom Whitaker is to become head chef at Young’s White Hart pub in Barnes as part of an extensive refurbishment of the business
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Spirit introduces new Fayre & Square menu
Spirit Pub Company has launched a new autumn menu across its 157-strong Fayre & Square brand, which features new deals across its food and drink range
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Pernod Ricard to focus on UK on-trade
The boss of Pernod Ricard UK (PRUK) has said the company will be concentrating its efforts on the UK on-trade over the next 18-months to two years
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NewsJDW London pub acquired for £8.4m
A pub let to JD Wetherspoon in central London has been acquired for £8.4m by AXA Real Estate
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French: Only certain equity in Punch’s is Matthew Clark stake
A leading analyst has said that the Punch Taverns’ only certain equity value is in its shareholding in Matthew Clark
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Red Car to undertake refurbs
London-based multiple operator Red Car Pubs is to begin a £500,000 refurbishment and extension program at two of its five sites
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Wear Inns turnover grows 58%
Wear Inns, the fast-growing northern pub operator, has reported a 58% rise in turnover to £11.8m in the year to 31 March as it grew its estate from 15 to 26 pubs
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DHP secures first London site
DHP Family, the bar/music venue and music promotions company, has secured its first site in London, in Hackney
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NewsBrewDog raises £3m via share issue
BrewDog, the Scottish brewer and pub operator, has raised £3m of its fund raising £4m target under its latest crowdfunding scheme in about 10 weeks
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NewsUpham Pub Co raises £11m for expansion
Hampshire-based Upham Pub Company has raised about £11m for expansion under the Enterprise Investment Scheme and hopes to increase this to £15m by the end of the year, co-founder David Butcher has told M&C Report
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NewsGreene King Retail LfLs rise 4.6%; reaches 1,000 managed sites
Greene King has reported a 4.6% rise in like-for-like sales across its Retail arm in the 18 weeks to 1 September, with “difficult” comparatives of the Jubilee and Euro 2012 “offset by the better summer weather”, and says it reached 1,000 managed sites
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NewsPunch lfls up 0.4%, to launch restructuring
Punch Taverns has reported a 0.4% rise in like-for-like net income across its core estate for the 12 weeks to 17 August 2013 and believes a consensual restructuring can be launched in H2
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Spirit reveals second Premium pub
Spirit Pub Company has converted a second site to its new Premium Pub concept with a £260,000 investment at the Cricketers in Kew Green, Richmond
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OpinionEnd of complacency
Parts of the British restaurant scene traditionally dominated by independents are facing fresh competition from dynamic new entrants. It’s a reminder that complacency is not an option, a lesson that’s equally important for the pub trade