Pubs and Bars
The latest news and updates on pubs and bars, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
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Aug- 2024 -7 August
Fuller’s acquires Lovely Pubs for £22.5m
Fuller’s has announced the acquisition of Lovely Pubs, a collection of seven pubs in Warwickshire – for a total consideration of £22.5m. The news comes as the portfolio of Warwickshire pubs are “a perfect fit” with Fuller’s existing managed pub estate, both geographically and operationally. Lovely Pubs is made up…
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5 August
Euros hangover pushes drinks sales down in July
Drinks sales in the UK’s managed venues fell 6% for the week ended 27 July 2024 as consumers tightened their spending following the European Championship, according to CGA. It found that patchy weather and tough comparatives with July 2023, which included the boost of the Women’s World Cup, were also…
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5 August
Liberation Group sees LFL sales rise 6.4% in H1
Liberation Group, a privately owned premium pub operator and brewing group with sites stretching from Mayfair in London to St Aubin in Jersey, has reported a 6.4% increase in H1 LFL sales. The group’s LFL growth was delivered in all markets and channels, with a “standout” performance in food at…
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2 August
The Croft pub hits the market for £1.35m
Lisini Pub Company’s The Croft Bar and Restaurant in Glasgow is up for sale for £1.35m. Located on Lugar Place, within the South side of Glasgow, The Croft has a “reputation” among locals and the wider community for its food and drink offering, as well as its sports showings and…
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1 August
Stonegate Group secures refinancing deal from TDR Capital
Stonegate Group, the UK’s largest pub company, has secured a refinancing deal from TDR Capital LLP, a UK-based private equity firm. Stonegate Group has agreed to refinance £3.0bn of debt, following strong demand from investors. As part of the deal, funds managed by TDR Capital will make a £250m shareholder…
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Jul- 2024 -30 July
JD Wetherspoon boss sells £10m of company shares
JD Wetherspoon boss Tim Martin has sold almost £10m worth of shares in the pub chain. On 26 July 2024, Martin sold 1,361,000 of the company’s ordinary shares on the London Stock Exchange at a price of £7.39 per share. As a result of the transaction, Martin’s voting rights in…
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29 July
Be At One to launch second Liverpool site following £800k investment
Cocktail bar Be At One is set to open its second Liverpool location, situated on North John Street on 2 August. Renowned for its ice-throwing, light swinging, and napkin-tossing antics, Be At One has invested £800,000 into its second Liverpool location. The new site will accommodate up to 300 guests…
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26 July
Marston’s reports 5.2% LFL sales boost
Marston’s has reported a 5.2% increase in its like-for-like sales in the year to date and a 6.2% rise in total retail sales in its managed and franchised pubs for the 42 weeks to 20 July 2024. Like-for-like sales also increased by 2.4% in the 16-week period to 20 July…
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26 July
Mitchells and Butlers LFL sales rise 3.4% in Q3
The operator of All Bar One and Toby Carvery, Mitchells and Butlers, has reported that like-for-like sales rose 3.4% during the third quarter to 20 July, as sales remained ahead of the market despite the generally wet weather. Following a “very” strong start to the year, the group’s Q3 growth…
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25 July
Tiger Inn put up for auction
The Tiger Inn in Coneythorpe near Knaresborough is to be put up for auction next month with a guide price of £275,000. The venue was put up for sale in February for £495,000 with specialist leisure agency Fleurets, which is continuing to market the property. Now the pub will also…
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