All Stonegate Pub Company Limited articles – Page 2
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Analysis & InsightStonegate’s looming debt issue
The UK’s biggest pub and bar company has debts totalling £2.2bn, a situation exacerbated by high interest rates, the overall cost of debt for its complex tiered debt structure, and different parties not being able to agree a way forward in refinancing, analysts tell MCA
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InterviewsStonegate: ‘People are socialising differently’
CEO David McDowall describes a shift in consumer behaviour as customers opt for lunchtime and afternoon pub visits over nights out
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NewsStonegate seeing ‘material improvements in profitability’
The group delivered a “highly respectable performance”, with Craft Union enjoying 28% turnover growth. Total evenues grew by 6.7% but adjusted EBITDA was down 6.25%, due to macroeconomic challenges
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NewsStonegate announces senior appointments
The group has appointed Carol Campbell, Lee Reed and Frazer Grimbleby as managing directors, while Nick Andrews is set to retire
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NewsNew operations director at Craft Union
Lucy Barker joins Stonegate’s operator-led business from her role as ops director for Punch Pubs & Co
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NewsHelen Charlesworth to leave Stonegate
The managing director of Stonegate’s managed business said the time was right to allow a “fresh vision” for the division
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NewsStonegate reports strong trading momentum
The group achieved 12% like-for-like sales growth in its pubs over Christmas, while late night and branded bars were up 10%, according to CEO David McDowall
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NewsStonegate’s data focus a ‘significant step forward’
The pub company’s enhanced focus on data insights has led to a material shift in its strategy and the management of its large estate, CEO David McDowall tells MCA
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InterviewsHow Stonegate is adopting a retailer’s mindset with its MiXR network
The pub company has ambitions to create the “UK’s biggest retail media network” harnessing data from its new loyalty app, and 4,500 digital screens across its estate, to create targetable audiences and deliver revenue from advertising impressions.
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NewsStonegate completes £638m refinance
The pub company has completed the refinancing of a 1,034-strong pub portfolio, with debt provided by US private equity firm Apollo Global Management
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NewsStonegate set to complete Apollo-backed refinancing
The private equity firm is reportedly nearing a deal to provide as much as £630m of debt, allowing the pub chain to pay down existing borrowings
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Analysis & InsightRaising a glass to Ian Payne for a lifetime in pubs
As the Stonegate founder and chairman announces his retirement, MCA pays tribute to a 50-year career operating, buying, selling and chairing pubs
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NewsAutumn Statement provides ‘lifeline’ for pubs
Pub operators welcomed the decisions to extend business rates relief and freeze alcohol duty, while calling for long-term reforms to reduce costs and tax burden on hospitality
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InterviewsStonegate: ‘We’re excited about what MiXR will do for us’
Speaking at the Peach 20/20 Leaders Summit, MD Helen Charlesworth discussed how the new app will help Stonegate understand customer behaviour “better than ever before”
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NewsIan Payne MBE to retire
The Stonegate chairman and founder has decided to retire at the end of January 2024 and step down from his role with the group after thirteen years
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NewsStonegate launches ‘gamechanging’ digital platform
MiXR will connect consumers to the entire managed estate via a new app with bookings, rewards and experiences; while also providing brand partners with an advertising channel across 4,500 screens
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NewsVultures circle for Stonegate pubs
Funds are circling a portfolio of 1,000 British pubs as the country’s biggest operator grapples with the fallout from soaring interest rates on a multibillion-pound debt pile, The Sunday Times reports
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NewsStonegate to raise new debt
Stonegate Group is working on options to raise new debt against 1,000 pubs, as plans to sell off the portfolio have so far been unsuccessful
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InterviewsVagabond: AI has massive potential for our business
The self-pour wine bar concept is exploring the role of AI in enhancing the guest experience, operations director Christobell Giles said
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NewsSlug & Lettuce reveals brand repositioning
The Stonegate-owned cocktail bar chain has reopened its flagship venue in Deansgate, Manchester, the first of its sites to experience a redesign aligned with an “evolved brand vision”