Slug & Lettuce owner: Price of a pint will rise during peak hours retail The pub group that owns Slug & Lettuce has said it will increase the price of its drinks by 20p during its busiest trading hours due to rising costs. Stonegate Group, which also owns the Yates pub chain, said it would raise prices across 800 of its 4,800 sites to offset increasing costs including extra [...]
Vulture funds circle for almost a quarter of Stonegate pubs hospitality Vulture funds are reportedly eyeing a portfolio of 1,000 British pubs as Stonegate grapples with rising interest rates on a multibillion-pound debt pile. US distressed-debt investors Cerberus and Morgan Stanley Real Estate are among a host of others to have submitted bids for almost a quarter of the pub estate owned by Stonegate. In a [...]
Spending on restaurants and takeaways drops as Brits tighten belts ahead of Christmas Cost of living crisis September spelled further pain for restaurants and takeaways, with sales dropping as Brits cut back on eating out before the Christmas period.
Top dog at BrewDog to replace Simon Longbottom as boss of Stonegate November 9, 2022 One of BrewDog’s top bosses is leaving the brewer to head one of the country’s largest pub chains, Stonegate. David McDowall, BrewDog’s president and chief operating officer, is to take up the reins at the Slug & Lettuce chain, it was first reported by Sky News. Stonegate, which operates 4,500 pubs across the country, confirmed [...]
‘Freedom day’: Pub bosses wipe down the bar for a 21 June return May 5, 2021 The UK’s pub bosses are wiping the bar down for a June return, coined “freedom day”, urging prime minister Boris Johnson to stick to his roadmap for the easing of restrictions. JD Wetherspoon, Greene King, Slug & Lettuce owner Stonegate and Young’s have all expressed their intentions for a 21 June return of bar service, [...]
Stonegate Group warns on future as it battles £2.2bn debt pile April 10, 2024 Britain's biggest pub operator Stonegate has raised concerns about its future as it battles a £2.2 debt pile.
Loungers trading ahead of expectations as new site roll-out boosts bottom line April 26, 2024 Loungers has said it is trading ahead of expectations for the year, helped by the opening of 36 new sites.
Over 400 Stonegate pubs in London risk closure, GMB claims April 19, 2024 Almost 450 pubs in London face closure after one of the UK’s biggest hospitality groups Stonegate warned on its profitability, the GMB Union has said.
Much-talked about £6m lawsuit by The Wolseley owner against insurance giant AXA starts in court January 26, 2022 A much-talked about lawsuit by the owner of The Wolseley and a range of other upmarket restaurants around London against insurance giant AXA has started in London’s High Court. Corbin & King is brining the £6m lawsuit to AXA Insurance over Covid-related losses, in a trial that could have wider ramifications for other UK businesses [...]
CMA approves £1.2bn Stonegate pub merger deal February 14, 2020 The owner of Slug & Lettuce has today been cleared to takeover Ei Group in a move that would make it the UK’s largest pub company. Last year the Competition and Markets Authority (CMA) launched a probe into Stonegate’s £1.2bn deal to buy Ei’s assets over fears that it could damage competition in 51 local [...]