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 -27 May
Oakman Group swings to £13.9m loss in FY20
The Oakman Group announced that it operated over a total loss of £13.9m for the year ended 30 June 2020 in a preliminary statement of the group’s annual accounts. The pub group also saw an EBITDA loss for the period of £2.6m as its “performance in the year was severely…
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26 May
Revere Pub Company announces new opening in Cheshire
Revere Pub Company – the premium arm of Marston’s – is set to expand its portfolio with the launch of Hartford Hall on School Lane in Northwich, Cheshire next month. The pub has undergone a £500,000 refurbishment and become part of the now 16-strong Revere Pub Company group. Formerly a…
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26 May
Revolution Bar Group raises £21m in bid to reduce debt
Revolution Bars Group has revealed that it has raised £21m through the issuing of new ordinary shares on the London stock exchange in a bid to reduce its debt. Prior to the onset of the Covid-19 pandemic, the group was demonstrating profitable signs. However, due the pandemic and lockdown measures,…
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21 May
Greedy Gordons to open two Northamptonshire pubs
Greedy Gordons, a Northamptonshire pub and retail company, has announced plans to open two pubs in the county. Richard Gordon and Sonya Harvey, co-owners of the group, have run The Red Lion at Cranford for the past four years, and aim to create 60 new jobs with this new venture. …
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20 May
Young’s losses widen to £45.2m
Young’s, the pub chain and brewery, saw its losses before tax widen to £45.2m up from £29.1m the previous year. With the group only being able to trade four months in the 52 weeks ending 29 March, the pub chain also saw its group revenue fall by nearly 71% to…
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20 May
Maven Leisure secures £4.3m funding for acquisition spree
Maven Leisure is set to raise £4.3m through private equity investment firm Growthdeck in a bid to open a host of new London bars upon the lifting of lockdown. The new venture, which is led by the founders of ETM Group, is looking to use the funds to launch seven…
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19 May
The Garden Bar launches in Bromley
The Garden Bar, a venue serving food, cocktails, fresh juices and music, is set to open in Bromley on 28 May. The brand already has a site in London’s Elephant and Castle which has been operating for several years. The new site in Bromley BR1 will host a 400 capacity…
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19 May
Six pubs ‘vanished’ a week during pandemic
Around six pubs “vanished” a week in the UK during the coronavirus pandemic, according to real estate adviser Altus Group. The group states the pubs were either demolished or converted into offices and homes over the lockdown period. At the time of the first lockdown last year (20 March 2020),…
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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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