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.
-
Jan- 2024 -16 January
Scales Cocktail Bar opens in Marylebone
Scales Cocktail Bar, the brainchild of mixologists Din Jusufi and Engji Shala, who have honed their craft for five years at Farzi London, has officially opened its doors in Marylebone. Tucked away beneath Drink with Sasha, the new site features a discrete door in the wine shop and a dimly…
Read More » -
15 January
More than 4,500 Stonegate pubs at risk amid £2.6bn debt
More than 4,500 Stonegate pubs could be at risk as parent company TDR capital seeks to refinance £2.5bn of debt, GMB Union has warned. Gary Lindsay, boss of TDR Capital which also owns supermarket giant Asda, told the Business and Trade Select Committee on Tuesday [9 January] he was ‘confident’…
Read More » -
15 January
Drake and Morgan delivers record Christmas
Drake and Morgan has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022. This trading followed “record” Christmas bookings which were up more than 20% on last year across its whole estate. Despite this, the company saw its adjusted EBITDA fall to £4.1m for…
Read More » -
15 January
UK pubs see drinks sales growth in 2024, CGA finds
Britain’s pubs and bars have started 2024 with year-on-year growth in drinks sales, CGA by NIQ’s Daily Drinks Tracker shows. Average sales in managed venues in the week to Saturday 6 January were 25% ahead of the corresponding week in 2022—though this is inflated by the inclusion of New Year’s…
Read More » -
15 January
Heartwood Collection appoints new CEO
Heartwood Collection has announced the appointment of Richard Ferrier as its new chief executive officer. Ferrier’s latest promotion this month comes after he joined the brand, which operates Brasserie Blanc and Heartwood Inns, in 2011. During his time at Heartwood Collection, Ferrier held the roles of operations director of Brasserie…
Read More » -
12 January
Corporate buyers return to pub market in 2023
Tenanted pub companies made up 23% of freehold buyers in 2023, compared with 12% in 2022, according to data from Christie and Co. Furthermore, Christie and Co’s pub price index dropped 8.1% for 2023 as a result of interest rate hikes and a stubborn inflationary environment during 2023. Activity was…
Read More » -
12 January
Nightcap revenues jump 65.7% amid bumper Christmas trading
Nightcap has revealed that group revenues jumped to £7.4m during the four-week period ended 31 December 2023, spelling a 65.7% rise compared with the same period last year. As a result, Nightcap’s revenues for the entire of December 2023 were the largest monthly revenues in its nearly three-year history since…
Read More » -
11 January
Young’s Pubs to reopen The Constitution in Camden
The Constitution pub in Camden is set to reopen its doors in February 2024, following an extensive refurbishment. Located on St Pancras Way, the canal side pub has undergone a complete transformation, including the addition of a new rooftop terrace. The Constitution, acquired by Young’s & Co’s Brewery PLC in…
Read More » -
11 January
Arc Inspirations reports ‘record’ sales for December 2023
Arc Inspirations, the operator of bar brands Banyan, BOX and Manahatta, has reported record sales for December 2023, as like-for-like sales increased by 19.9% compared with the same period last year. The news comes as like-for-like sales at BOX rose by 30%, 24% at Manahatta and 10% at Banyan, while…
Read More » -
10 January
Wetherspoon agrees deal with Haven for on-site pub
JD Wetherspoon has announced that it has agreed a deal with holiday park operator Haven to operate pubs on its sites. The agreement will see £1.1m invested into the first Wetherspoon pub, which will open its doors in March at Primrose Valley in North Yorkshire. The deal means that Haven…
Read More »
