The operator of 48 pubs across southern England and Wales reported that revenue for the 52 weeks to 27 December plummeted from £60m to £25.7m – a 57% dive.
Loungers chairman and co-founder Alex Reilley expects the end of the lease forfeiture and debt enforcement moratoria in March will lead to a 'phenomenal glut' of company voluntary arrangements (CVAs) across hospitality.
NewRiver-owned pub company Hawthorn has revealed that it ended 2020 with £250m of available liquidity and having more than doubled its planned Q3 capital expenditure spend.
In the third instalment of our series looking back on the past 12 months, we hear from Blind Tiger Inns’ Chris Tulloch and his reflections on opening a pub on the day the UK entered its first nationwide lockdown.
North east-based pub operator, the Inn Collection Group, has made its eighth acquisition of 2020 – a year of record growth despite the ongoing Covid-19 pandemic.
Late-night operator Deltic has been taken over by nightlife group Rekom UK for an undisclosed sum, bringing 42 of the group's 52 bar and club sites out of administration.
The operator of 67 bars under its nationwide Revolution and Revolución de Cuba brands has reported sales significantly down in the first 24 weeks of FY21 as a result of “severe and constantly evolving trading restrictions.”
The independent owner and operator of 27 pubs across southern England and the West Midlands, the Oakman Group, is seeking £4.5m to accelerate plans to double its estate by 2026.
