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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Oct- 2023 -5 October
Peach Pubs to operate The Three Horseshoes in Hertfordshire
Peach Pubs has been announced as the new operator of The Three Horseshoes in Letchmore Heath, Hertfordshire. The pub, which has been standing for over two Centuries, was acquired by Mark Cherry, director of Caraeno Limited, in 2020. The property underwent a substantial refurbishment programme to “meet the demands of…
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Sep- 2023 -29 September
Mitchells and Butlers sales jump 9.1% in Q4
Mitchells and Butlers has grown its like-for-like sales by 9.1% during Q4 ended 23 September, as it sustained growth in both food and drink volumes. Against its pre-pandemic results, Mitchells and Butlers’ year-to-date like-for-like sales increased by 10.5%, with growth attributed to higher spend-per-head. According to the pub operator, it…
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28 September
Former Greene King COO joins RedCat as new CEO
RedCat Pub Company has announced the appointment of the former Greene King chief operating officer, Richard Lewis, as its new chief executive officer. He succeeds Phil Birbeck in the role, effective 2 October. Lewis has a long and extensive career in retail and has been in the pub sector since…
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27 September
Hydes posts ‘record’ £34.1m turnover in FY23
Salford-based brewer and pub operator, Hydes, has announced a record turnover of £34.1m for the year ending 2 April, an increase of £5.8m on last year’s total of £28.3m. The company has partially attributed its performance to decisions made in previous years to fix energy costs until 2024, having entered…
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26 September
Brighton Pier revenues fall in H1 amid declining bar sales
The Brighton Pier Group has revealed that total revenues were down from £17.3m to £16.2m in H1, following a decline in sales from the group’s bar division. Following “exceptionally” strong trading from a post-pandemic surge in demand in the first half of 2022, ongoing inflationary pressures – in particular to…
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25 September
Night time economy loses £3.5bn to strikes
The night time economy has lost out on £3.5bn as a result of strikes by members of the RMT and ASLEF according to the Night Time Industries Association (NTIA). Alongside this, the NTIA believes that these losses could double if the industrial action continues into the festive season. The news…
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25 September
City Pub Group sales up 14% in H1
The City Pub Group has revealed that like-for-like sales increased 14% to £31.7m in H1, up from £26.1m in H1 2022, the half-year ended 25 June 2023. Despite inflationary pressures, the pub operator’s adjusted EBITDA level was maintained at £3.3m, slightly lower than H1 2022’s total of £3.4m, while adjusted…
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22 September
JD Wetherspoon puts new pubs up for sale
JD Wetherspoon has confirmed that it has put a further 11 pubs across England and Wales up for sale. CBRE and Savills have both been appointed to oversee the sales of the pubs which are mainly freehold properties with one leasehold property. The company has confirmed that all the pubs…
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21 September
Adnams operating losses widen to £2.4m in H1
Adnams has revealed that sales in the first half of 2023 were level with last year’s total of £30m, as input costs continued to climb and contributed to operating losses widening to £2.4m. The pub operator attributed its performance to Q1’s subdued sales, as inflation peaked. However, lighter evenings and…
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20 September
Arc Inspirations sales jump 7.5% amid expanded estate
Bar group Arc Inspirations has announced an annual sales growth of 7.5% up to £40.8m for the year ended 26 March 2023. Alongside this the company posted an adjusted EBITDA of £3.84m, overcoming economy-wide inflationary and staffing pressures. Company EBITDA for the year was lower than the previous period, which…
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