After increasing its operator managed pub business from 10% to 20% of its estate in the last year through acquisitions and tenanted and leased conversions – Hawthorn CEO Mark Davies expects the managed march to continue in 2021.
The operator of 168 café bars under its Lounge and Cosy Club concepts managed to turn a profit in the 24 weeks to 4 October despite Covid-19 slashing its revenue by a third.
Real estate investment trust NewRiver’s 700-strong pub arm will rebrand as ‘Hawthorn: The Community Pub Company’ as it seeks to become the UK’s number one community operator.
Pub operator Fuller, Smith & Turner has revealed a swing of around £40m from profit to loss in its financial results for the 26 weeks to 26 September after its pubs spent more than half of the period in lockdown.
Community pub operator Hawthorn has earmarked in the region of £7.5m for investment in its pub estate over the next financial year despite the impact of Covid-19.
The operator behind Brewers Fayre, Beefeater and Premier Inn may significantly reduce redundancy plans following the extension of the furlough scheme and vaccine breakthrough.
