Revolution Bars (RBG) share price dips as Deltic muscles in on Stonegate’s Vodka Revs bid with new offer October 5, 2017 Nightclub operator Deltic has put the brakes on an agreed deal between Revolution Bars and Slug and Lettuce owner Stonegate Pub Company, with its own all-share proposal. Shares in Revolution were down two per cent at the time of writing. Students’ favourite Revolution has already agreed to a £101.5m takeover offer made by Stonegate, but [...]
More restaurant chains could close stores after poor Christmas sales January 19, 2018 Christmas trading was disappointing at Britain’s restaurant and pub groups, with sales slightly down on 2016. Like-for-like sales declined 0.1 per cent against the previous year’s festive period, according to the Coffer Peach Business Tracker. Drinks-led businesses fared better than restaurants and gastro pubs, with drinks sales up 1.8 per cent across pubs while food [...]
Deltic Group posts a loss but refurbishment and sales pushes increase admissions December 11, 2017 Bar and club operator Deltic Group reported a loss for the year to February this year, but regained some ground during quieter periods with its drinks offers. The results predate Deltic’s aggressive move into M&A this year, when it faced off Stonegate in a bidding war for Revolution Bars and eventually bought a stake in [...]
After Brexit fears, Stonegate Pub Company toasts to sales growth over festive season January 5, 2017 Stonegate Pub Company today announced strong performance over the festive period despite fears of a tougher market after Brexit. The UK's leading privately owned managed pub company said total like-for-like sales grew 5.7 per cent in the four-week period from 5 December to 1 January following strong performance last year. Stonegate operates 691 drinks-led pubs and bars, including high [...]
Revenues up at Slug and Lettuce owner Stonegate Pub Company July 4, 2016 Slug and Lettuce and Yates owner Stonegate Pub Company toasted healthy double-digit revenue growth in its first-half results today. The figures Total revenue across Stonegate's 660 managed pubs and bars was up 12.8 per cent to £342m for the 28 weeks to 10 April, up from £303m in the first half of 2015. Like-for-like revenue increased [...]
Private equity firms dine out on restaurant chains January 19, 2016 The restaurants and bar sector was a veritable feeding frenzy of deals last year, with more choice of companies to buy than an all-you-can-eat Chinese buffet. Robust trading conditions thanks to improved consumer spending provided an opportune time for private equity companies to sell long-term investments to rival buyout firms with cash to spend. CBPE’s sale of [...]
Slug & Lettuce owner Stonegate gearing up for £1bn float May 26, 2015 Stonegate, the pub company that owns Slug & Lettuce and Yates's, is considering floating on the London stock market next year. The business, which owns more than 600 pubs and bars in the UK, has begun speaking to investment bankers about going public at some point in 2016. The group – the UK's [...]
Challenger banks face an uphill battle as George Osborne widens levy net July 15, 2015 The heads of the UK’s fast-growing crop of challenger banks were entitled to reach for a stiff lunchtime drink as they absorbed the first Conservative Budget for two decades last week. At a stroke, George Osborne’s decision to impose a super-tax on industry profits above £25m undermined everything he has said about broadening competition [...]
Britain’s biggest companies call on Westminster for fundamental business rates reform September 16, 2014 Some of Britain's biggest businesses including Marks & Spencer, Sainsbury's, Tesco, General Motors and Tata Steel have called on the government to rip up the current business rate regime claiming the current system is “a critical problem for all of British business”. The controversial tax delivers around £25bn to the Treasury every year, but [...]
Stonegate buys The Living Room August 13, 2013 Stonegate, Britain’s largest private managed pub group, swallowed up the Living Room brand from Premium Bars & Restaurants on Monday for around £10m. Stonegate was created in 2010 when its private equity owner TDR Capital bought 330 managed pubs from Mitchells & Butlers. In 2011 it merged with Town & City Pub Company and now [...]