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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Dec- 2020 -14 December
Nightcap floats amid contradictory acquisition
Nightcap, a chain of bars owned by Sarah Willingham, is gearing up to float its business in an effort to raise funds, according to the Times. The move, which aims to raise £6m at a valuation of £14m, is in direct opposition to the firm’s agreed acquisition of the London…
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11 December
Oakman Group aims to raise £4.5m in capital
Oakman Group, an independent pub group, has opened up its investment opportunities with an aim to raise £4.5m in capital. The company, which currently operates 27 sites across the south of England and the West Midlands, is offering the minimum buy-in to the company at 350 shares, or £962.50 per…
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10 December
Marston’s swings to £397m loss
Marston’s, the British brewery, pub and hotel operator, has reported a loss of £397m in the 53 weeks ended 3 October 2020. The company’s total revenue fell sharply from £1.17bn in 2019 to £821m this year, as sales were greatly reduced by the 15-week closure of pubs from the end…
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9 December
Stonegate Pub Company to continue business support
Stonegate Pub Company has announced its continued business support within its leased and tenanted business and Ei Publican Partnership in response to the government’s new Covid-19 tier system. The additional support will include credits of 90% for rent, “tie release fees and fixtures” and fitting rental charges for all tied…
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7 December
Star Pubs and Bars offers licensees up to 90% rent concessions
Star Pubs and Bars has announced it is investing £5m in rent concessions this December, as its venues across the UK are still unable to operate fully due to Covid-19. The group’s support has been devised in line with the new tiered system, with Tier one licensees being offered a…
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Nov- 2020 -27 November
Fullers swings to £22m pre-tax loss
Pub chain Fullers has reported a £22.2m pre tax loss from the six months ending in September, with chief executive Simon Emeny adding it will be a “tough winter” for the company. In the businesses financial results for the 26 weeks to 26 September 2020 it revealed it had made…
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26 November
Hospitality businesses claim £849m through EOTHO
Hospitality businesses claimed £849m through the Eat Out to Help Out scheme (EOTHO) providing discounts for over 160 million meals in August, new government figures show. According to HMRC, over 52,000 businesses registered for the scheme and 49,000 of these had made a claim for the scheme by 30 September.…
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16 November
Mitchells & Butlers to close 20 sites
Mitchells and Butlers, the restaurant, pub, and bar operator, has announced it will not reopen 20 of its sites. According to the Telegraph, the owner of All Bar One and Harvester is working to offload some of its leasehold properties that will face permanent closure if buyers cannot be found.…
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13 November
Restrictions drive October pub and restaurant sales into reverse
The roll-out of more regional Covid restrictions further depressed sales in Britain’s managed pub, restaurant and bar groups in October, according to the latest data from the Coffer Peach Business Tracker. The tracker, which is produced by CGA in partnership with RSM and The Coffer Group, found that 83% of…
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12 November
Young’s swings to pre-tax loss of £19m
Young’s, the pub chain and brewery, has reported a pre-tax loss of £19.2m in its interim results for the 26 weeks ending 28 September. The results come after the company reported pre-tax profits of £26.6m during the same period last year. While total revenue for the ten weeks since opening…
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