Multi-site operator Redcomb Pubs Ltd, founded by Managing Directors Dan Shotton and Mark Draper, announces the sale of the group to Young & Co.’s Brewery, P.L.C. for £34 million on a cash-free and debt-free basis, representing a multiple of 8.5 x EBITDA. The 15-strong portfolio of pubs and bars situated within prime locations across London, the home counties and the South … [Read more...]
Beer is key to the low and no alcohol boom, says BBPA
The British Beer & Pub Association (BBPA) has commented on the findings of a survey by the Portman Group, which found that there has been a boom in the popularity of low and no alcohol alternatives.Figures from the survey show that nearly a quarter (24%) of British drinkers have either already switched some of their drinking to low alcohol alternatives or would consider … [Read more...]
Ei Group dispose of pub portfolio for £348 million
The UK’s largest owner and operator of pubs Ei Group has announced that it has entered agreement with Tavern Propco Limited in relation to 370 properties comprising public houses and other commercial properties for expected gross aggregate cash consideration of £348 million, subject to Shareholder approval.Tavern Propco is a newly incorporated private company, which is … [Read more...]
Brand new look for Washington Bar following six figure investment
RIVER Bar in Washington has benefitted from a makeover following a £250,000 investment from owners Cairn Group.New-look décor has created a contemporary feel from floor to ceiling. Rustic wooden panels, patterned wallpaper and bare brick adorn the walls, complemented by statement lighting. Plus, cushioned booths and high tables with leather chairs have been fitted … [Read more...]
ETM reports record Christmas trading
The 14-strong bar and restaurant group, ETM, reports its best ever Christmas with overall revenue up 16% and like-for-like sales rising to 13.1% for the five weeks up to 31 December. One of the biggest growth areas was in pre-booked event sales which saw an uplift of 13.3%.Ed Martin, CEO and joint founder of ETM comments: “We are delighted with the group’s performance over … [Read more...]
A Very Happy Christmas enjoyed by Arc Inspirations
Arc Inspirations, the fast-growing bar operator of leading brands including Manahatta, Banyan Bar & Kitchen and The Box, has reported a record festive trading period.The company, which currently operates 18 bars across the north of England, enjoyed 6.5% like-for-like sales growth over the festive season (1 December to 1 January). In the final two weeks of the period, … [Read more...]
New opening signals Star Pubs & Bars investing across the South West in 2019
Publicans Kate Hayden and Paul Warriner have agreed a joint £500,000 investment with Star Pubs & Bars in reopening The Hare Pub at West Hendred, Oxfordshire. The pub is planned to reopen in March after a four-year closure.The Hare is the only pub in West Hendred, and Hayden and Warriner, who also run The Snow Goose at Farnborough, want to revive it as a great … [Read more...]
Revolution Durham launches Christmas gift swap
In an effort to soften the blow of receiving gifts which weren’t on the Christmas list, Revolution Durham is inviting customers to trade in these presents for festive treats.Taking place on Thursday 27th December, customers can swap surplus gifts for a Christmas cocktail, hot drink or festive treat.The popular chain, which opened its Durham venue in November, has teamed … [Read more...]
The Green Dragon in Exelby reopens its doors following community group purchase
Residents of Exelby in Yorkshire have celebrated the reopening of their village pub this month after a local community group reached an agreement with Ei Publican Partnerships to buy The Green Dragon.New tenants Becci and Tom Baker opened the doors for the first time under community ownership on 1 December. Initially the pub will be drinks focused but plans are in place to … [Read more...]
Pubs to serve 10 million pints and 3 million dinners on Christmas Day, says BBPA
The British Beer and Pub Association (BBPA) has predicted that pubs will serve 10 million pints of beer and 3 million traditional dinners on Christmas Day.Across the festive period as a whole, the BBPA predicts that 40 million pints of beer will be sold in Britain’s pubs, a Christmas present for pubs worth £150 million.As popular venues for Christmas parties and … [Read more...]
BBPA welcomes publication of first set of Pubs Code awards
The British Beer & Pub Association (BBPA) has today welcomed the publication of the first set of Pubs Code awards by the Pubs Code Adjudicator (PCA).The decision comes after the six pub companies covered by the code – Admiral Taverns, Ei group, Greene King, Marston's, Punch and Star Pubs & Bars – outlined and agreed to a framework whereby they would waiver … [Read more...]
Shake Your Future, 500 graduates from challenging backgrounds required
Shake Your Future was conceived with the aim of battling high unemployment among young adults under 25 in France. Bacardi-Martini sought out and worked with the education and bar training provider European Bartender School to address the ever-increasing demand for talented mixologists in France. Together they created a free 10-week training program ‘Shake Your Future’ and … [Read more...]
Rock of Ages: Wakefield licensee receives long service award
Wakefield city centre’s longest serving publican – Shaun Slater of The Black Rock on Cross Square – received a long-service award this week in recognition of his 20 years as the licensee, and nearly 40 years’ total service, at the pub.51-year old Shaun was just 14 when he started stocking shelves at The Black Rock in 1981 and, including his years as a member of staff, has … [Read more...]
BBPA ‘bitterly disappointed ’ by confirmation of low and no alcohol consultation outcome
The Department of Health and Social Care has published its formal response to the consultation on low alcohol product labelling, confirming a previously widely-reported decision that there will be no changes to the descriptors for low and no alcohol products.Commenting on the decision, Brigid Simmonds, Chief Executive of the British Beer & Pub Association, … [Read more...]
