St Austell Brewery’s Proper Job is used to cleaning up at awards, but now the popular IPA is moving from the bar to the bathroom with the launch of a brand new Cornish soap made from the beer. Beer has been a favourite tipple for centuries, but what people may not know is that beer has also been used for just as long as a skin-conditioner, and was even used by ancient … [Read more...]
Portfolio of 8 Central London freeholds sells for £54m
Davis Coffer Lyons – the leisure specialists – has provided specialist pubs valuation advice to TIAA Henderson Real Estate for its purchase of a portfolio of eight highly desirable Central London public house freeholds, from Cerberus Capital Management for £54 million. The pubs are all let to Spirit Pub Company, and the portfolio includes Shakespeare’s Head on Great … [Read more...]
Drake & Morgan appoints Dylan Murray as Operations Director
Drake & Morgan, which currently operates seven large-scale bars and restaurants in London, has named Dylan Murray – currently of Soho House Group UK – as its new Operations Director. Joining Drake & Morgan in January, Dylan – who is the UK Director of Operations for Soho House Group UK – is responsible for the day-to-day running of 17 sites with an expected combined … [Read more...]
Young’s acquires 580 Limited and 4 pubs
Young and Co.’s Brewery has acquired the entire issued share capital of 580 Limited, a company that through itself and its subsidiaries owns and operates four pubs in prime London locations. The total consideration is £10.4 million on a debt free basis. The pubs will all fit well within the Young’s and Geronimo managed house estate – they each have a premium offering and … [Read more...]
September weather boosts eating and drinking-out growth
Restaurant and pub groups enjoyed the benefits of September’s Indian Summer sun, with collective like-for-like sales up 2.2% on the same month last year, according to latest Coffer Peach Business Tracker data. It was the sector’s 18th consecutive month of positive growth. Strongest: pubs in London, restaurants outside M25 “Pubs in London and restaurants outside the M25 … [Read more...]