Sales boosting trends for spirits in 2024
The spirits category faced a “challenging year” in 2023 but still presents plenty of growth opportunities, according to the latest CGA by NIQ On-Premise Measurement Service.
Archives for February 1, 2024
BoE freezes interest rates and predicts fluctuating inflation
The Bank of England has announced interest rates will remain at 5.25% with predictions inflation will fall in Q2 before rising again later this year.
The Alchemist looks to expand with £15m loan
Multi-site operator The Alchemist has secured a £15m loan from OakNorth to support the roll out of new sites and refinance existing debt.
Urban Pubs & Bars ‘poised for expansion’
London-based multiple operator Urban Pubs & Bars has reported an upswing in sales and turnover in its latest trading update and is eyeing further growth.
PCA launches 2024 Annual Tied Tenant Survey
The pubs code adjudicator (PCA) has announced the launch of its Annual Tied Tenants Survey, calling on tied publicans to share their views on the pub company and the PCA.
803 licensed venues closed in fourth quarter of 2023
Nearly nine licensed premises closed per day in the fourth quarter of 2023, the latest Hospitality Market Monitor from CGA by NIQ and AlixPartners has revealed.