Pub operators have been encouraged to build relationships with their banks “before they need to” and make sure that the relationship is “multi-layered”.
Inventive Leisure, the Revolution Vodka Bar operator, has found that increasing the level of employee engagement in the business by just 1.5% helps reduce staff turnover by 10%.
Charles Wells, the brewer and pub operator, is to roll out a scheme whereby the company has access to tenants’ profit & loss accounts to help it identify more easily how to improve trade and margins.
Bowmark Capital, the private equity backer of Las Iguanas, the Latin American high-street restaurant chain, is one of the remaining bidders for Drake & Morgan, the highly-regarded bar-restaurant operator, M&C Report understands.
Another subsidiary of Yellowhammer Bars, the bar and nightclub operator, has given notice of its intention to appoint administrators, M&C Report has learnt.
Managed pub company Orchid has created a new umbrella group of quality pubs called ‘Do Drop Inns’ which will replace its current Modern British pubs brand.
Lord Peter Daresbury, the former head of pubs group Greenalls and ex-La Tasca finance director Martin Evans, have taken minor equity stakes in and joined the board of Pesto, the north west-based pub and restaurant chain owned by La Tasca founder Neil...
Be At One, the cocktail bar chain, has agreed a new £4m banking facility and secured three new sites, including its first outside the capital, M&C Report understands.
Brewdog, the Scottish brewer and pub operator, has submitted a licence application for a new site in London’s Farringdon in what appears to be a partnership venture with Danish brewer Mikkeller.
Charles Wells, the Bedford-based brewer and pub operator, hopes to continue acquisitions at a similar rate this year and has bought its ninth pub in France, chairman Paul Wells has told M&C Report.
Charles Wells, the brewer and pub operator, has reported a 10% fall in pre-tax profit to £6m in the year to 29 September as the impact of losing income from beer brands Red Stripe and Corona was felt.
Stonegate, the managed pub operator, has invested £2m across its 38 pubs and nightclubs in the West Midlands in the past year, creating 63 jobs in the process.
Loungers, the fast-growing café/bar-restaurant group backed by private equity firm Piper, has opened a fifth site under its Cosy Club brand in Cardiff, its biggest to date and 28th overall.
Red Oak Taverns, the company set up by two former associates of Robert Tchenguiz, is seeking tenants for the first handful of pubs it has invested in out of the 32 it acquired at the start of this year.
A mixture of private equity groups and trade buyers are believed to have shown an interest in Drake & Morgan, the highly-regarded bar-restaurant operator.
Eclectic Clubs & Bars, the Avanti Capital-backed operator, is developing a third strand to its operations with plans for a new cocktail bar brand called Dirty Blonde.
Novus Leisure, the premium bar and restaurant operator, has reported a 50% increase in EBITDA to £16.7m for the year to 27 June 2012, and said it was engaged in a “number of processes” regarding adding further sites to its 52-strong estate.
Truman’s Brewery, the London-based enterprise re-established in 2010 by Michael-George Hemus and James Morgan, is eyeing plans to establish a pub estate after securing a new brewery site.
Thorley Taverns, the Kent-based pub, restaurant and hotel operator, has placed a couple of sites on the market and is planning some major refurbishments after seeing its pre-tax losses halve in the year to 30 June.
McManus Pub Group, the Northamptonshire-based pub operator, is looking into funding options as it plans expansion, commercial director Chris Wright has told M&C Report.
Arran Brewery, the company formed by the merger of two Scottish brewers, has secured a site in central Glasgow for its first craft-beer bar and told M&C Report it wants to open “as many as we can”.
The Kurnia Group has sold its last remaining outlet, the Cloud Bar, marking the end of the Lincolnshire-based group’s retailing business, which is led by operator Michael Kheng.
Cirrus, the investment vehicle launched to back a premium estate of freehold pubs with rooms, has acquired two pubs from British Country Inns (BCI), the Enterprise Investment Scheme-backed pub company, for an undisclosed sum.
Camerons Brewery is set to install a new system in its pubs that allows licensees to show adverts during football matches and “recoup some of the fees for paid TV packages”.
Barrio Bars, the neighbourhood DJ club and bar concept, has been in talks with several private equity firms as it looks to expand to five sites within London by the end of 2013, company founder Ferdie Ahmed has told M&C Report.
Peter Marks, chief executive of nightclub company Luminar, says its structured discounting policy has led to a 20% rise in volumes at its venues since the start of the year.
Be At One, the London-based cocktail-bar chain, has revealed a new corporate identity to accompany its expansion, featuring the strapline ‘Hosting London’.
Orchid Group has reported a 5.4% fall in EBITDAR in 2011, although turnover grew 3.7% to £179.6m, as the firm announced a three-year, £20m capex programme that will see wet-led sites become food-led.
Trust Inns, the c.600-strong pub business owned by leisure magnate Trevor Hemmings, has reported a sharp fall in full-year pre-tax profits after paying higher interest payments and incurring a £1.9m impairment charge following a £6m property value write-down.
Pub People Company, the 37-strong East Midlands-based group led by Kevin Sammons, has reported a 3.7% rise in EBITDA (earnings before interest, taxes, depreciation and amortisation) for the year to the end of March 2012.
Hook Norton, the Oxfordshire brewer and pub operator, would consider opening a pub in London in a few years, as it homes in on more acquisitions in its heartland.
Loungers, the fast-growing café/bar/restaurant company, has confirmed the location of its first four planned openings in the north-west — in Liverpool, the Wirral, and two in Greater Manchester.
Peach Pub Company, the multiple operator, says its in a “good financial position for further expansion” as it reports a 53% rise in pre-tax profits to £621,880 in the year to 1 January 2012.
Churchill Inns, the Wellingborough-based pub business, and sister group Clementines Taverns have been placed into administration, M&C Report has learnt.
Stonegate, the TDR Capital-backed managed pub operator, is “categorically not” looking to acquire rival Barracuda, chairman Ian Payne has told M&C Report.
Stonegate Pub Company, the managed operator, has appointed its first “success coach” to help progress the careers of its deputy managers on its new six-month Accelerated Leadership programme.
A pub operator has found social media website Facebook helpful in recruiting new staff for one of its pubs, after struggling to get any applicants through traditional media.
Friars Gate, WarringtonLocated in the Heart of the Town Centre Nightclub Circuit6AM Licence on Friday & SaturdayClose Proximity to UniversitySeparate Floors AvailablePotential to Split Subject...
