Accor has announced two new hotel signings, increasing its significant footprint in the Midlands and North of England and adding 234 rooms to its portfolio. The ibis Styles and Mercure brand hotels, located in Derby and Leeds city centres will open in the next twelve months, with Mercure Derby at the end of the year and ibis Styles Leeds in 2016. Mercure Derby Mercure … [Read more...]
Palatine buyout positions The Alchemist for expansion
Palatine Private Equity has completed the £13m management buyout of The Alchemist, as the Manchester bar and restaurant brand looks to roll out more sites across the UK. The deal marks Palatine’s second investment with Living Ventures Group following its buyout of Gusto last year. The Alchemist first opened its doors in Manchester in 2010 and currently operates two venues in … [Read more...]
Award Winners at Caffè Culture Show
Lashbrook Lassis have scooped the Visitors’ Choice and Best Drink Product Award prizes at the Caffè Culture Show Exhibitor Awards (#CaffeCulture2015 #CCExhibitorAwards). The Oxfordshire-based artisan yoghurt drink producers are ex-teachers Jo Howson and Mat Hulett whose brainchild was the result of a bike trip around India. Award judge Brian Williams, Editor of Brian’s … [Read more...]
iNTERTAIN searches for new Walkabout venues
Walkabout operator iNTERTAIN has officially launched its search for new venues with the publication of a comprehensive Property Requirements brochure that will be made available to property agents, owners and developers. Today’s announcement follows the recent restructuring of iNTERTAIN’s main debt facilities, which included the granting of new long term funding … [Read more...]
C&C Group reports progress
C&C Group plc (‘C&C’ or the 'Group’), a leading manufacturer, marketer and distributor of branded cider, beer, wine and soft drinks announced its results for the year ended 28 February 2015. Stephen Glancey, C&C Group CEO, commented: “Our core businesses in Ireland and Scotland, which represent 86% of operating profit, delivered modest earnings growth during the … [Read more...]