Archives for June 9, 2013

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Loungers profits up with more new sites in the pipeline

By John Harrington

Loungers, the Bristol-based café/bar group led by Alex Reilley and Jake Bishop, has reported a 41% rise in EBITDA before central overheads to £4.42m in the year to 30 April as it opened nine sites in the period.

Soft Drinks Report

By Nigel Huddleston

This should be a golden age for soft drinks. Consumers are becoming more health-conscious; politicians and medics are constantly telling the public that they have to drink less alcohol; the pub scene is awash with responsible drinking campaigns; many...

Punch announces revised restructuring proposals

By John Harrington

Punch Taverns, the tenanted and leased pub company, has announced revised proposals for the restructuring of its £2.4bn debt securitisation and says it hopes to have the restructure completed this month.

Grand Union set to grow after Luke Johnson investment

By John Harrington

Grand Union plans to grow from seven to at least 20 sites across “London’s villages” in the near-to-medium term following news that serial sector investor Luke Johnson has taken a 50% stake in the bar group.

In conversation with pubco ops director Richard Turpin

By Robert Sayles

Last week, pubco CEO Roland Rodent announced the appointment of Richard Turpin as Director of Operations. He is to take up the post with immediate effect. Keen to find out his views on the current state of the industry, Robert Sayles met up with him at...