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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May- 2021 -19 May
Marston’s posts £105m H1 pre-tax loss
Pub operator Marston’s saw its H1 FY21 losses before tax widen to £105.5m, up from pre-tax losses of £31.1m the previous year. Moreover, the group’s revenues for the six months ended 3 April 2021 plummeted 84% to £55.1m, a sharp decline from H1 FY20’s £343.3m revenues. Marston’s was, however, able…
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17 May
Shepherd Neame to recruit more than 300 new staff members
Shepherd Neame has revealed that it will be bolstering its team by recruiting more than 300 new members as it prepares to reopen its entire estate in the next few weeks. The Faversham-based brewer and pub company has a total of 312 pubs and hotels, of which 65 are managed…
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14 May
Drake and Morgan reveals CVA plans
Restaurant and bar group Drake and Morgan has announced that it intends to enter a company voluntary arrangement (CVA). The decision follows a strategic review of the business, which found that action was needed for the company to continue trading and secure the long-term future of the business. In turn,…
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12 May
Nightcap raises £10m to fuel further growth
Nightcap, a hospitality group formed by investors Sarah Willingham and Michael Toxvaerd to back the UK premium bar sector, announced it has raised £10m to further its investment strategy and roll-out its latest acquisition, Adventure Bar Group (ABG). The £10m figure raised is “significantly higher” than originally planned owing to…
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12 May
Marston’s appoints new CEO
Marston’s has announced the appointment of Andrew Andrea as the new CEO with effect from 3 October 2021. The news follows the group’s previous CEO Ralph Findlay’s decision earlier this year to step down at the end of the current financial year. Andrea is currently the group’s CFO and corporate…
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11 May
WBPA urges first minister to deliver grants for pubs
Companies representing hundreds of Welsh pubs and brewers, alongside the Welsh Beer and Pub Association (WBPA), have written to the newly re-elected first minister Mark Drakeford urging him to deliver grants for pubs and a roadmap ahead of re-opening. In a letter to Drakeford, the group stated that although it…
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11 May
Beer and Coffee Co open its fourth leased pub
Beer and Coffee Co has announced the opening of its fourth leased pub with Star Pubs and Bars following a £160,000 refurbishment. The pub will join the group’s pug brand and has been renamed The Lazy Pug to mark its new direction. Other venues include The Black Pug in Warwick…
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11 May
The City Pub Group swings to £5.1m FY20 loss
The City Pub Group swung to an adjusted before tax loss of £5.1m for FY20, down from a £5.3m profit in FY19. The group attributed its 57% year-on-year decline in revenues to £25.8m for the 12 months ended 27 December 2020 to “lengthy closure periods”. However, since the return to…
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7 May
Star Pubs and Bars supports The Princess with £325k refurb
The Princess on Smithcroft Road in Riddrie, Glasgow has undergone a £325,000 refurbishment – after it was undertaken by Star Pubs and Bars. The pub is owned by mother and daughter team Adrienne Greenaway and Victoria Ashgar, who have run the pub for 19 years. As part of the refurbishment,…
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6 May
JD Wetherspoon appoints new general manager for Scotland
JD Wetherspoon has announced the appointment of Helen Dumbreck as general manager for the company’s 60 pubs throughout Scotland. She will have overall responsibility for the company’s Scottish pubs, which employ more than 2,500 people and have annual gross sales of £160m. Dumbreck has worked with the group since 2000…
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