Stonegate Group
Coverage tracks the performance, estate strategy, and operational activity of the UK’s largest pub company, including leasing models, brand segmentation, site investment, leadership commentary, and trading updates. Reporting provides valuable insights for pub operators, landlords, and suppliers monitoring market consolidation, value-led formats, and the evolution of drink- and food-led venues across the national estate.
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Sep- 2024 -23 SeptemberNews
Today’s news in brief 23/09/24
RedCat will be investing £8m in its portfolio of pubs across the next six to 12 months. The programme will focus on team training and upskilling, service, renovating the buildings and improving the offer of food, drink, rooms and entertainment. The company has already completed five projects. Manchester Airport will…
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23 SeptemberPubs and Bars
Stonegate Group partners with Reef to offer flexible workspaces
Stonegate Group, the UK’s largest pub company, has partnered with Reef, an app for remote workers, to offer more than 700 of its venues as flexible, laptop-friendly workspaces. Remote workers can now work and benefit from exclusive deals at venues including Slug and Lettuce, Proper Pubs and Pub and Dining,…
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Aug- 2024 -1 AugustNews
Today’s news in brief – 01/08/24
Stonegate Group has secured a refinancing deal from TDR Capital, following strong demand from investors. This refinancing will extend the group’s maturities on the revolving credit facility and the senior secured notes to January 2029 and July 2029 respectively, and reduce leverage from 8.2x to 6.5x RR EBITDA today. Restaurant…
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1 AugustPubs and Bars
Stonegate Group secures refinancing deal from TDR Capital
Stonegate Group, the UK’s largest pub company, has secured a refinancing deal from TDR Capital LLP, a UK-based private equity firm. Stonegate Group has agreed to refinance £3.0bn of debt, following strong demand from investors. As part of the deal, funds managed by TDR Capital will make a £250m shareholder…
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Jul- 2024 -18 JulyNews
Today’s news in brief – 18/07/24
Roadchef has returned to profitability during 2023 after seeing its revenues jump 16.9% to £256m. It comes as the group reported profits before tax of £13.4m for the period, up from a previous loss of £6.6m. During the year, Roadchef welcomed over 49 million visitors to its motorway service areas…
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18 JulyPubs and Bars
Stonegate invests over £2.6m in four Slug and Lettuce venues
Stonegate Group has announced the opening of Slug and Lettuce in Albert Square, Manchester, following a £2.6m investment across four of its venues. According to Stonegate, the investments signal a “new era” for Slug and Lettuce, marked by an “evolution in the look and feel” of venues across the UK.…
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Jun- 2024 -25 JuneNews
Stonegate appoints new non-exec director
Stonegate Pub Company has appointed Mark Davies as a new non-executive director. Davies is the CEO of Primary Health Properties, the FTSE 250 UK real estate investment trust, and a non-executive director of Palace Capital, a regional focused REIT. He was previously a co-founder and CEO of NewRiver REIT and…
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24 JuneNews
Stonegate revenues hit £916m in H1
Stonegate group’s revenues reached £916m in the 28 weeks ended 7 April 2024. Adjusted H1 EBITDA for the group was up 7.7% to £196m, compared to £182m for the same period in 2023, with a particularly strong performance from L&T and operator-led businesses. During the period, the leased and tenanted…
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May- 2024 -20 MayPubs and Bars
Stonegate Group to reopen The Grove pub in Leeds
The Grove is set to re-open its doors on 30 May, following a substantial, restorative six-figure investment from the largest pub company in the UK, Stonegate Group. The Grove has been closed since November after an unfortunate fire incident last year. The refurbished pub now features new ceilings, windows, and…
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17 MayNews
Today’s news in brief – 17/05/24
Joe and the Juice reported a 42% revenue rise to £275.9m for 2023. For the first time in several years, the group also saw a positive operating profit, which reached £20.4m. The increase in operating profit was primarily driven by a continued focus on profitability and on the opening of…
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