Punch Taverns, the debt-laden group that owns almost 10% of British pubs, has reported Preliminary Results for the 52 weeks to 18 August 2012. At the same time, it has been forced to concede that it has ‘initiated discussions with certain major shareholders and certain other stakeholders’ in order to restructure the group’s £2.4bn debt. Whilst the debt position takes the … [Read more...]
Nicholson’s Pubs takes new direction
Nicholson’s enjoys a legacy of history – William Nicholson and his original gin distillery – that has been reinforced by its recent experience of excellent sales growth in cask ales. But, as many pubs and pub groups around the country have found in recent years, history does not secure the future, and Nicholson’s has now embarked on developing its offering to meet present and … [Read more...]
Tasting Notes for restaurants and wine bars
A new 11-part wine-based show in association with Laithwaite's Wine and hosted by actor and writer Simon Callow has started on Classic FM on Sunday afternoons at 3pm. Called Tasting Notes, the show aims to celebrate the relationship between wine and classical music. Indeed, it is said that listening to music while enjoying a glass of wine can actually enhance its … [Read more...]
Rates revaluation: bad news for many hospitality businesses
This month’s government announcement that rates bills will continue to be based on 2008 property values until 2017 will create problems for many businesses, including pubs, restaurants, coffee shops and others in the hospitality business struggling in current tough economic conditions. According to CVS, the UK’s leading business rates specialist which represents more than … [Read more...]
Nicholson’s seasonal celebration with Autumn Ale Festival
22 October - 18 November 2012 In three years, cask ale sales at Nicholson’s have grown from 11% of total drinks sales to 20%. Now, Nicholson’s pubs are hosting their first Autumn Ale Festival, stocking a feast of seasonal ales across their iconic and historic pubs. Running from 22 October to 18 November, the Autumn Ale Festival will serve guests the very best of award … [Read more...]