Ei Group has deferred the collection of rent and fees from its licensees for the whole of April – a move that will remain under constant review while the coronavirus pandemic goes on, it has said.
Pubco Ei Group has warned its publicans that if their business is affected by Covid-19, their existing insurance policies will not cover them for “loss of trade”.
The Competition Markets Authority (CMA) has passed the proposed acquisition of Ei Group by Stonegate Pub Company, after the pubcos satisfied the watchdog that a set number of pubs would be sold to avoid potential monopolies.
Ei Publican Partnership has offered a helping hand to a publican to bring the Prince of Wales pub back to its former glory in a £260,000 joint investment.
The Bay Horse Inn pub has been restored to its former glory after licensees Mark and Clare Oglesby and Ei Publican Partnerships pumped £380,000 into its refurbishment.
Ei Publican Partnerships is launching the ‘Cheer Up January’ initiative that will donate 100,000 free drinks to drive footfall and drink sales for publicans during the notoriously quiet post-Christmas period.
It’s been a tumultuous year in the pub trade on the acquisition front but the news that Stonegate was bidding for the much larger Ei Group still caught many by surprise. One of the leading architects of the deal Simon Longbottom reveals all.
