All Pubs articles – Page 74
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News
Pubs ‘have lost £600m fruit machine income since 2007’
The decline of income from fruit machines is “sucking the life out of pubs”, one expert has insisted.
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News
Jack: MRO threat a damp squib
Peel Hunt analyst Douglas Jack has described the threat posed to pubcos by the Market Rent Only option, enshrined in the pubs code, as a “damp squib”.
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News
MRO taken up by just eight licensees
Only eight licensees have taken up the market-rent-only (MRO) option across five of the six pubcos governed by the pubs code since it came into force in July 2016.
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News
Joule’s to return to acquisition trail
Joule’s Brewery managing director Steve Nuttall has told MCA that the group is to focus on an organic growth rate of two new Brewery Taps a year.
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News
Provenance Inns MD steps down
Provenance Inns – the seven-strong gastropub and hotel operator – has announced the resignation of co-founder and managing director Michael Ibbotson.
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News
Over £10k raised to buy drinks for Manchester hospital staff
A crowdfunding page has now raised over £10,000 to cover the bar tab for staff working at a Manchester hospital treating victims of Monday’s terrorist attack
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NewsYoung’s FY managed lfls up 4.7%
Young’s has reported like-for-like sales up 4.7% in its managed houses for the 53 weeks to 3 April.
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NewsBrakspear eyes 20 managed sites by 2020
Brakspear chief executive Tom Davies has told MCA the group is targeting 20 managed sites by 2020 and has developed its first rollout vehicle.
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NewsEiG announces Three Cheers as latest Managed Expert
Ei Group, formerly Enterprise Inns, has announced that its next managed operator partnership will be with Three Cheers Pub Co – the London-based gastro pub operators.
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News
Wadworth acquires GK pubs
Wadworth, the Wiltshire-based brewer and pub operator, has revealed details of a £6.5m investment in its managed house estate with the acquisition of three sites.
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News
Amber grows Hogarth’s estate to 12
Amber Taverns has lined up two more openings for its Hogarths gin palace format – to take the estate to 12, MCA has learnt.
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News
Portfolio of Punch and GK pubs sold for £9.5m
A pub portfolio including sites let to Punch and Greene King has been acquired for £9.5m.
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Opinion
For Everards and a day
As Everards lays the groundwork for its new brewery and headquarters, managing director Stephen Gould tells Finn Scott-Delany about the company’s progressive attitude to tenant relations, stable growth and not losing sight of the day job.
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News
Mcaneney launches Scottish-themed concept with Star
Scottish hospitality entrepreneur Billy Mcaneney has launched a new partnership with the operator of Glasgow Café Antipasti, Neil Douglas.
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NewsCity Pub Co sales up 43%
City Pub Company has seen revenue in the first 21 weeks of the year grow 43% year-on-year, MCA has learnt.
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News
Craft Union announces raft of new openings
Craft Union – Ei Group’s largest managed house division – has added 31 sites in the past three months.
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NewsM&B: Consumer confidence; innovation ethos; early tech trialists
MCA talks to Mitchells & Butlers (M&B) chief executive Phil Urban about the consumer landscape; the value equation; the return of the company’s innovation ethos; the optimum size of a concept’s estate and how new format Son of Steak might potentially become a solution for part of the company’s retail & leisure parks estate.
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News
Revere closes Cardiff site
Revere, Marston’s premium managed arm, is closing its Locke & Remedy site in Cardiff.
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News
Revolution grows FY lfls 1.7%
Revolution Bars Group has given a brief update on expectations for the 52 weeks to 1 July, reporting like-for-like sales up but saying new sites are taking longer than expected to hit full profitability.
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NewsCharles Wells eyes group pub deals
Charles Wells chief executive, Justin Phillimore, has told MCA that the company will target group acquisitions alongside organic growth of its managed estate, following the sale of its brewing business to Marston’s.