All Pubs articles – Page 69
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Opinion
Pubs: Turnover rents; wet-led success and tenanted moves
CBRE’s Simon Johnson gives his views on the current state of the pub sector, including tenanted operators’ increasing use of turnover-related agreements and why we could see some managed operations moving into tenanted.
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News
CMA identified 73 Heineken/Punch pubs for disposal
An analysis of the Competition and Market Authority’s report on the Heineken/Punch deal shows how the brewer managed to more than halve the number of pubs it was initially asked to sell.
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News
Knead Pubs secures sixth site
Lincolnshire-based Knead Pubs has secured its sixth site, MCA understands.
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News
Red Mist breaks company charity record
Surrey-based pub group Red Mist Leisure is celebrating a record £20,000 charity fundraise in the first half of 2017.
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News
Drake & Morgan confirms The Allegory details
Drake & Morgan has confirmed the details of The Allegory, in Principal Place, which will become its 22nd venue
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News
Batemans head brewer steps down
Martin Cullimore has stepped down from the board of Bateman’s Brewery and relinquished his role as head brewer after more than 25 years, MCA understands.
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OpinionInside Track: Admiral intentions
Do the bids for Admiral Taverns show that after years in the shadows of managed pubs and casual dining, that tenanted pubs are now back at the centre of M&A activity? MCA deputy editor James Wallin looks at why the segment is so attractive for investors at the moment, what a bid for Admiral could mean for the wider sector and who could be next.
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Analysis & Insight
London pubs grew lfls 2.4% in June
London pubs saw like-for-like sales grow 2.4% in June despite fears over the impact of the London Bridge terror attack.
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NewsPrivate equity firms bidding for Admiral
A number of private equity bidders are in the running to acquire Admiral Taverns, the c800-strong Cerberus-backed pub group.
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News
JDW lfls up 5.3%
JD Wetherspoon has reported like-for-like sales up 5.3% for the 11 weeks to 9 July, with total sales up 3.6%.
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NewsPunch/Heineken disposals revealed
The full list of 30 pubs to be sold to assuage competition concerns over Heineken’s proposed acquisition of 1,900 Punch pubs has been revealed.
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News
Hillary & Scott buys first freehold pub
Hillary & Scott, the independent pub company led by Daryl Cockerill, has purchased its first freehold, The Four Alls Inn near Market Drayton.
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NewsYoung’s managed lfls up 8.6%
Young’s has reported like-for-like sales in its managed houses up 8.6% in the first 13 weeks of the year, with revenues for the division up 10.8%.
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News
Operating costs equal 40% of turnover at high-end tied pubs
Operating costs for tied pubs accounted for between 33% and 40% of total turnover last year, according to a new report.
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News
GI pub ‘targeting wine drinkers’
Ken Stout, president of Goose Island Brewery, has said the group was conscious of not going head to head with British pubs when it launched its Vintage Ale House concept in London.
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News
Wickwar Wessex lines up three more sites
Wickwar Wessex, the West Country brewery and pub operator, is looking to add a further three sites by the end of the summer.
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News
Snug Bars co-founder steps down
Snug Bars co-founder Ashley Moore has stepped down from the company to explore new ventures, MCA understands.
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News
Ei Group completes cricket club and pub deal
Ei Group has completed the deal to redevelop Ledbury Cricket Club in Herefordshire and invest £400,000 in the adjacent pub.
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NewsWickwar Wessex acquires Cascade pub estate
Wickwar Wessex Brewing Company has announced the acquisition of Wiltshire-based Moles Ales and the six-strong Cascade pub estate.
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News
Marmalade Pubs announces first three sites
Marmalade Pubs, the joint venture between Ei Group and Marylebone Leisure, has announced its first three sites.