All Stonegate Pub Company Limited articles – Page 6
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NewsStonegate announces fresh support for Ei Pub Partners
Stonegate Pub Company has announced new financial support for Ei Publican Partners with rent and trade credits. It will give publicans “significantly” reduced rents and trade credits, together with government grants that include the latest restart grants of £8,000-£18,000. Stonegate, the UK’s largest pub company, will give rent and trade ...
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News‘Significant increase in debt’ at Stonegate
Stonegate Pub Company made a loss before tax of £746m in the full year to 27 September 2020, following the purchase of Ei Group, and as a result of the pandemic.
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Analysis & InsightRoadmap ‘too little too late’ and ‘worse than the worst-case scenario’
Sector leaders have criticised the Government for once again “penalising hospitality” with its reopening strategy, forcing pubs and restaurants to wait a further three months before they can operate inside. The proposed reopening timeline has been branded “too little too late,” and “worse than the worst-case scenario” by operators from all corners of the sector, who have warned that without significant support in next week’s Budget, there will be a “devastating” fallout for businesses.
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InterviewsHero Award: ‘I had an enormous synergy target going into lockdown’
Effectively managing relationships with a huge and diverse supply chain throughout a merger which saw Stonegate become the UK’s largest pub company would be no small task at the best of times. Factor in that Stonegate’s acquisition of Ei group happened around two weeks before the first lockdown in March last year and you can at least imagine the scale of the challenges that faced Suzanne Baker, commercial and property director at Stonegate.
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Event NewsHospitality heroes recognised at Retailers’ Retailer Awards
To mark what has been a truly testing 12 months, this year MCA is introducing a new, unique category at the Retailers’ Retailer Awards, which recognises the unsung heroes of the hospitality sector.
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NewsStonegate offers 90% rent credit for tier 3 tenants
Stonegate Pub Company has announced additional support for businesses in its leased and tenanted division, Ei Publican Partnerships, in response to the government’s tier system.
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NewsStonegate offers 90% rent credits for lockdown
Stonegate Pub Company has announced support within its leased and tenanted business, Ei Publican Partnerships.
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NewsStonegate launches 95p cask ale sale
Stonegate has cut the price of all its cask ale beer to just 95p until lockdown.
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NewsStonegate committed to LGBT venues as it rebases business
Stonegate has said it remains committed to LGBT venues, after speculation over the future of the Admiral Duncan, Retro Bar and Kings Arms.
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NewsStonegate CEO Simon Longbottom: Curfew a ‘perilous turning point’
Stonegate CEO Simon Longbottom has told MCA the 10pm curfew is a “devastating blow” to the hospitality sector and a “perilous turning point”.
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NewsStonegate extends £36.5m tenant support package
Stonegate Pub Company has announced further support for its pub partners, creating an overall coronavirus support package in excess of £36.5m. Within its lease and tenanted business – Ei Publican Partnerships – the pubco will offer rent reductions of 30% in October and 20% in November for tied publicans operating substantive agreements in England.
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NewsStonegate bonds dip amid continuing speculation of schools over pubs ‘trade-off’
Speculation that pubs and bars may close in a ‘trade off’ with the reopening of schools has caused Stonegate bonds to dip just two weeks after their sale, the Financial Times reports.
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NewsStonegate sells £1.2bn in bonds
Stonegate Pub Company sold £1.2bn of bonds on Friday to finance its takeover of Ei Group.
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NewsStonegate weighs in with additional support
The Stonegate Pub Company has added further support to its existing package to help its leased and tenanted pubs – known as the Ei Publican Partnerships – to reopen. Now totalling £28m, Stonegate said the package includes rent credit equivalent to 75% for July and 50% for August for “all tied publicans on substantive agreements”. It also said credits have also been applied to “Tie Release Fees and Fixtures & Fittings rental charges and to assist with future cashflow over the next 12 months” and all rent invoices will now be produced weekly instead of monthly or quarterly.
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NewsStonegate to launch high-yield bond to finance Ei takeover
Stonegate is set to raise money via a high-yield debt issue in the coming weeks to help to finance the purchase of Ei, Reuters reports.
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NewsStonegate’s Nick Rockell dies
Stonegate Pub Company property director Nick Rockell has passed away.
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NewsStonegate announces support for Ei Pub Partners
Stonegate Pub Company has revealed details of a multimillion-pound support package for publicans within the recently acquired Ei Publican Partnerships leased and tenanted business.