Loughborough

Various Eateries revenues rise 8.8% to £24.7m in H1

Various Eateries has reported an 8.8% increase in revenues to £24.7m (H1 2024: £22.7m), with the growth largely driven by new site openings.   It also reported that gross profit rose by 93.1% to £2.6m, up from £1.3m the prior year, for the 26-week period ending 30 March 2025. Meanwhile, the…

Read More »

Various Eateries H1 sales rise 8.8% to £24.7m

Various Eateries has seen its sales rise by 8.8% to £24.7m in the 26-week period ended 30 March, driven primarily by the contribution of new site openings. As a result, the restaurant operator is trading in line with expectations for the full year.  While like-for-like sales for the period were…

Read More »

Punch Pubs acquires The Crown pub in Market Drayton

Punch Pubs and Co has expanded its portfolio with the acquisition of The Crown in Market Drayton. The town centre pub, located on Queen Street, will now be part of Punch’s leased and tenanted estate. It will be managed by experienced, multiple operators Ami Sanobar and Darren Paul, who will…

Read More »

Today’s news in brief – 23/04/25

Hospitality has seen “tentative” signs of recovery despite ongoing pressures on household finances affecting consumer footfall and spending, according to data from CGA. Notably, 55% of UK households say they are either severely or moderately impacted by the cost of living. As a result, this adverse impact is stirring up…

Read More »

Punch Pubs expands portfolio with four new acquisitions

Punch Pubs and Co has announced the acquisition of four pubs from Leicester-based brewing company Everards. Adding to its circa 1,300 strong portfolio, the newly acquired pubs include: The Old Kings Head in Long Buckby, The Paget in Loughborough, The Cricketers in Leicester and the Dog and Gun in Whetstone.…

Read More »

Today’s news in brief – 13/01/25

Arc Inspirations has reported a “record” sales rise of 10.8% for December 2024, with the help of three new flagship openings. The bar group saw total sales hit £2m, with average weekly sales across its 19 venues peaking at a “record” £106k of revenue per site. The three new venues…

Read More »

Various Eateries appoints new CEO

Various Eateries, the owner, developer and operator of restaurant, clubhouse and hotel sites, has announced the appointment of Mark Loughborough as chief executive officer, effective 20 January 2025. Loughborough brings over 30 years of experience in the hospitality industry, including most recently 14 years at Young & Co Brewery PLC,…

Read More »

Coffee#1 H1 sales rise 18.8% to £29.6m

Coffee shop brand Coffee#1 has revealed that sales rose 18.8% to £29.6m during the first half of the financial year from June 2023 to November 2023.  The group’s like-for-likes sales performance for the same period also remained robust at 8%, underpinned by sustained customer growth of 1.2%.  During H1, the…

Read More »

The Bell Foundry pub to reopen after securing £130,000 investment

The Bell Foundry pub in Loughborough is set to reopen its doors on Friday 21 July following a £130,000 investment by the Craft Union Pub Company. The pub, which shares its name with the Bell Foundry Cathedral has had a short closure to undergo works revitalising the site. The renovation…

Read More »

Cat and Wickets Pub Company acquires former Everards pub

Cat and Wickets, the pub company founded by cricketers Stuart Broad and Harry Gurney, has announced the acquisition of its second venue, The Griffin Inn in Swithland, from Everards brewery.  News of the acquisition follows recent approval for an investment from Lee Cash, the founder of Peach Pubs, to purchase…

Read More »