Marston’s PLC has announced the disposal of 202 pubs for £90 million to NewRiver Retail Limited, a leading specialist REIT focused on the UK food and value retail sector. As can be seen below, this sale is likely to see many of the pubs converted to convenience stores, to the dismay of many. However, this disposal is consistent with Marston’s strategy to target growth … [Read more...]
Punch Taverns: fourth quarter of improving trends
Punch has issued its Interim Management Statement for the 12 weeks to 9 November 2013, stating that profits are in line with management expectations and the first quarter shows core net income in growth. First quarter trading for the 12 weeks to 9 November 2013 was positive with like-for-like net income in the core estate up 1.4%. Trading in the quarter represented the … [Read more...]
Site Bites – Kimchee – Giraffe – Guildford Arms – Steam and Rye…
KIMCHEE’s new bar - Giraffe opens 3 Tesco Extra sites - Guildford Arms for elegance - Steam and Rye opens in The Old Bank Of New York, London - West London Gastropub Princess Victoria re-opens - The Imperial Arms, Chelsea metamorphoses Overview KIMCHEE’s new bar Giraffe opens 3 Tesco Extra sites Guildford Arms for elegance Steam and Rye opens in The Old Bank Of New … [Read more...]
Northern Restaurant & Bar launches for 2014
The North’s biggest hospitality show, Northern Restaurant & Bar, will return to Manchester Central from 18 to 19 March 2014 and be 20% larger than last year, with 6,000 visitors expected over two days. An additional 50 exhibitor stands will bring the total number of food, drink and catering suppliers at this year’s event to 200. Now in its 13th year, Northern Restaurant … [Read more...]
New dates, new format, new look – Hotelympia 2014 launches
Registration is now live for Hotelympia 2014, the UK’s most comprehensive event for the hospitality industry, as it returns to London’s ExCeL, 28 April to 1 May next year Unveiling a completely new look, a new four-day format and a new spring date in the diary, the revitalised 2014 event will be situated in one extended, single access hall benefitting from free WiFi, making … [Read more...]