McMullen

McMullens FY pre-tax profits rise 34.4% to £16.4m

Brewery and pub operator, McMullen’s, has reported that its profits before corporation tax jumped by 34.4% to £16.4m in the year to 28 September 2024, due to a strong performance in its retail division.  While the group has stated that, in nominal terms, its profit performance now exceeds pre-pandemic levels,…

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Brakspear makes two senior promotions

Pub operator Brakspear has made changes to its senior management team with promotions for two of its top executives.  Property manager Tony Lewis is promoted to property director and joins the Brakspear board, while chief financial officer David Nathan becomes chief operating officer. Lewis has run Brakspear’s property division for…

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Red Oak Taverns acquires 17 pubs from St Austell Brewery

Red Oak Taverns has announced that it will complete the purchase of 17 pubs from St Austell Brewery’s leased and tenanted estate on 31 October 2023. The deal includes sites across Cornwall, Devon and Somerset such as the Rolle Quay (Barnstaple), the White Hart (Launceston) and the Four Lords (Par).…

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McMullen revenues hit £100m in FY22

Brewer and pub operator McMullen’s has reported £101m in turnover for the 52 weeks ended in October 2022.  Operating profit for the group also more than doubled to £13.4m, compared to £6m in 2021.  McMullen’s said that the retail division particularly benefited from the developments in the previous year, reaching…

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Red Oak Taverns acquires new Waltham Abbey pub

Red Oak Taverns has completed a further pub acquisition, The Crown in Romeland, Waltham Abbey from brewer McMullen’s.   This is the fourth single site acquisition this year for Red Oak which back in February had already bought three pubs from Marston’s, two in the Midlands and one in the South…

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Wagamama and Turtle Bay sign 15-year leases at The Brewery

Restaurant brands Wagamama and Turtle Bay have secured lettings at The Brewery in Romford, Essex, through a recently-acquired prime supermarket anchored, retail warehouse and leisure scheme by Schroders Capital UK Real Estate Fund (SCREF). Wagamama will move into a 3,478 sq ft unit in the shopping centre on a 15-year…

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Zero Carbon Forum adds five new members

Five hospitality industry groups; IHG Hotels and Resorts, McMullen’s Brewery, Wadworth Brewery, Côte Restaurant Group and Honest Burgers have joined the Zero Carbon Forum. The forum aim is to “radically” reduce emissions and achieve net zero in the hospitality industry. A non-profit organisation with 33 of the UK restaurants, pubs…

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