Hospitality needs a magic spark of confidence to boom, brewery boss says October 10, 2024 The boss of Britain’s oldest brewer, Faversham-based Shepherd Neame, has suggested that the hospitality industry is nearly ready for a return to a boom period, but only is we serve up a spark of confidence. Neame suggested that if fundamentals remain strong and mortgages continue to fall, consumer spending on hospitality would follow a similar [...]
From Pizza Express to Channel 4: Who is Luke Johnson, Revolution Bars Group’s new chair? September 9, 2024 After a lengthy restructuring process that included £12.5m in emergency funding, Revolution Bars has appointed Luke Johnson as its new chair. The former Pizza Express and Channel 4 chairman provided £3m of the financing and owns a 20 per cent stake in the company. He will replace outgoing chair Keith Edelman, whose nine years in the role [...]
Revolution Bars brings in industry veteran Luke Johnson to replace long-standing chairman September 9, 2024 Revolution Bars has announced the appointment of well-known investor Luke Johnson as non-executive chairman of the struggling business. Johnson will replace Keith Edelman, who has served as chairman for the last nine years. Earlier this month, the pub and bar chain completed a comprehensive restructuring plan designed to steer the business back to profitability, which [...]
Wetherspoons pubs to make huge price cuts in VAT protest September 5, 2024 Pub giant JD Wetherspoon will make a huge cut to its prices next week in a bid to highlight what it describes as the benefit of a permanent VAT reduction in the hospitality industry. The London-listed giant, which has sites across the country, will be reducing the price of its food and drink by 7.5 [...]
Brewing giant slumped to loss ahead of Marston’s selling up to Carlsberg August 27, 2024 The brewing joint venture worth almost £800m between Marston’s and Carlsberg slumped to a loss in the year before the pub giant sold its stake, it has been revealed. Carlsberg Marston’s Brewing Company made a pre-tax loss of £25.2m in 2023, according to newly-filed accounts with Companies House, having posted a pre-tax profit of £7.1m [...]
Heineken’s biggest-ever price rises fail to stop slash in UK profit August 27, 2024 Heineken’s biggest-ever price rises in the UK failed to stop its profit being slashed during its latest financial year as it battled “economic volatility”. The Edinburgh-based division raised its prices in 2023 as it faced “significant inflationary pressure on input costs”, reducing consumer spending, higher labour costs and rising energy bills. According to newly-filed results, [...]
London pub group handed lifeline after administration and closure woes August 6, 2024 A London pub company that partly collapsed into administration earlier this year and closed a number of sites has agreed a £61m deal.
Sir Tim Martin: Wetherspoon boss on Brexit, his successor and how he lost £100m July 16, 2024 Wetherspoon boss Sir Tim Martin reveals the toll being a prominent Brexit campaigner had on him, succession plans and how he once lost £100m.
England flags, Tory pillows and farmland: A day on Starmer’s campaign bus July 2, 2024 Jessica Frank-Keyes hops on the battle bus to join Labour’s campaign to tear down the Blue Wall
Price of a Wetherspoons pint in London set to soar June 20, 2024 An analysis of Wetherspoons prices has found the average pint at the chain could cost Londoners as much as £11.22 by 2035.