Company & City News

The latest news from the pub industry's top companies, as well as deals, results and appointments from the City.

Admiral Taverns-owner Cerberus acquires £200m pub portfolio

20-Aug-2014 - Cerberus, the US private equity owner of Admiral Taverns, has acquired 63 pubs leased to Spirit Pub Company and Orchid (now part of M&B) in a deal valued at just under £200m.

Walkabout has potential to reach 50 sites

19-Aug-2014 - Intertain, which is exploring new funding opportunities and has already received interest, believes it could grow its 27-strong Walkabout brand to 50 sites.

Punch launches proposed debt restructure

18-Aug-2014 - Punch Taverns has announced the launch of its restructure, which had been delayed from last Monday , saying that its new structure is set to be in place from 8 October subject to approval from creditors.

91% of JDW pubs gain top food hygiene rating

15-Aug-2014 - JD Wetherspoon has scored the maximum five star rating in the Food Standards Agency (FSA) Food Hygiene Rating Scheme for 747 of the 816 Wetherspoon pubs listed on the FSA website.

London Village Inns takes sixth pub

15-Aug-2014 - Pub operator London Village Inns has taken its sixth pub The Westbury in Wood Green, on a lease from Punch Taverns to bring its portfolio to six.

BrewDog announces location of fifth London site and plans for eight more bars worldwide

14-Aug-2014 - BrewDog, the Scottish brewer and pub operator, has secured its fifth London site in Islington, the Publican’s Morning Advertiser has learnt.

Redcomb merges with Broken Foot Inns

13-Aug-2014 - Redcomb Pubs and Broken Foot Inns have completed their merger, creating a 12-strong group forecast to generate annual sales in excess of £12m.

Punch misses deadline to launch its restructure

11-Aug-2014 - Punch Taverns has delayed the launch of its £2.3bn restructuring to allow time for further talks.

Adnams confirms pub disposals will continue

08-Aug-2014 - Adnams will focus on brewing and distilling rather than its pub estate as its reasons for owning pubs “are diminishing”, chairman Jonathan Adnams has told the PMA’s sister title M&C Report.

Charles Wells announces re-brand and changes to operational divisions

08-Aug-2014 - Charles Wells has announced that it is to bring its major operating divisions back under its main parent company identity, which will see an updated look and operating processes for the firm.

Reet Ale Pubs takes over Blue Bee Brewery

07-Aug-2014 - Sheffield-based pub group Reet Ale Pubs has completed the takeover of Blue Bee Brewery.

Luminar announces details of £3.3m refurbishment programme

07-Aug-2014 - Luminar has announced a £3.3m refurbishment programme for the summer and confirmed opening dates for two new nightclubs in Wales.

World Cup helps Enterprise achieve 'encouraging' growth

07-Aug-2014 - Enterprise Inns saw like-for-like net income growth accelerate to 2.1% in the three months to 2 August, helped by the World Cup and the company’s “on-going operational initiatives”.

Chicago Leisure attracts interest

06-Aug-2014 - Sun Capital Partners is exploring its options for Chicago Leisure following expressions of interest in the bar and nightclub operator that it backs.

Be At One aiming to reach 120 sites

06-Aug-2014 - Be At One, the Piper-backed cocktail bar chain, is confident that it can eventually grow its estate to 120 sites in the UK, after reporting a 9% increase in like-for-like sales for the year to 30 March 2014, according to the PMA’s sister title, M&C Report.

Maclay eyes craft beer expansion

05-Aug-2014 - Scottish pub and bar operator Maclay Group is looking to add a craft beer offer across its 26-strong estate as the company reports a pre-tax loss of £169,895 in the 16 months to 1 February 2014.

Baileys leads Diageo growth as Smirnoff sales fall

04-Aug-2014 - Diageo has reported a 2% rise in net sales in Britain in the year to 30 June.

Pay rises for Young's directors as bonus package doubles

04-Aug-2014 - Senior directors of Young’s, the London-based pub operator, saw substantial uplifts in their remuneration packages in 2013/2014 after total bonuses paid almost doubled from £506,323 to just over £1m.

World Cup lifts ABInBev sales

01-Aug-2014 - ABInBev, the Stella Artois and Budweiser brewer, saw UK sales of its drinks grow 13.5% in Q2 2014, due to ”strong World Cup volumes”.

Marston's CEO says sport is becoming less important to pubs

31-Jul-2014 - Marston’s chief executive Ralph Findlay believes the importance of sport on TV in pubs is “not what it used to be” as customers choose to watch events at home.

Fuller's boss: 'There's a pent up demand for good London pubs'

30-Jul-2014 - A “scarcity” of high-quality freehold pubs in London is creating “pent up demand”, according to Simon Emeny, chief executive of Fuller’s, which recently spent c£7m acquiring a pub in Covent Garden.

Bids in for £650m pub and hotel portfolio

29-Jul-2014 - First round bids have been submitted for a portfolio of c200 hotels and pubs, which is believed to be valued at up to £650m according to the PMA’s sister title M&C Report.

Destination and Premium drive Marston's sales growth

24-Jul-2014 - Marston’s has reported a 4.1% rise in like-for-like sales in its Destination and Premium arm for the 41 weeks to 19 July, with the company describing the impact of the World Cup as “broadly neutral”.

M&B boss remains confident in strategy despite flat sales

24-Jul-2014 - Mitchells & Butlers has reported flat like-for-like sales in its third quarter (14 weeks to 19 July) – with a 0.6% rise in food sales offset by a 0.5% decline in drinks.

Fuller's says new initiatives are beginning to bear fruit

24-Jul-2014 - Fuller’s, the London-based brewer and pub operator, has reported “strong trading” across all divisions with a 7.3% rise in like-for-like sales in its managed pubs and hotels division for the 16 weeks to 19 July 2014.

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Spotlight

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As the craft-cider movement follows the craft-beer movement, we begin to see parallels in its development. Here,...

The Big Interview: Mike Benner, SIBA

The Big Interview: Mike Benner, SIBA

In June Mike Benner left the Campaign for Real Ale (CAMRA) after 20 years of campaigning, to...

PMA's Most Mentioned 2014

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The Publican's Morning Advertiser has carried out its own research to uncover the 20 pubcos that have...