London’s Wolseley restaurant owners take Axa to court over Covid insurance disputes November 20, 2021 Hospitality groups, including the owner of London's Wolseley restaurant, are set to bring lawsuits to Axa insurance over Covid-related losses, according to reports.
Competition watchdog to examine £1.3bn tie-up between Slug and Lettuce-owner Stonegate and pub chain Ei Group October 11, 2019 The Competition and Markets Authority (CMA) today said it was considering whether the £1.3bn merger between Slug and Lettuce-owner Stonegate and pub chain Ei Group would lessen competition. The watchdog invited comments on the deal from any relevant party by 25 October. Read more: Slug and Lettuce owner Stonegate Pub Company to pay £1.3bn for [...]
Slug and Lettuce owner Stonegate Pub Company to pay £1.3bn for Ei Group July 18, 2019 Slug and Lettuce owner Stonegate Pubs announced this morning it has bought Ei Group, the largest owner and operator of pubs in the UK, for £1.3bn. Stonegate, which also owns pub chains Walkabout and Yates, will offer 285p in cash for each Ei share, a premium of more than 38 per cent on Wednesday’s close. [...]
More than 100m meals eaten through Eat Out to Help Out scheme September 4, 2020 More than 100m meals were eaten in August as a part of the government’s Eat Out to Help Out scheme for a total cost to the Treasury of £522m. The latest figures show there was a large uptick in take up of the scheme in the final two weeks of August, after 35m meals were [...]
Ei Group reveals multi-million pound tenant support package amid mounting pressure May 14, 2020 Ei Group has granted a rent holiday for some of its bigger pubs amid mounting pressure for pub companies to announce more support for tenants. A cross-party group of 60 MPs wrote to Ei Group last week urging it to cancel rents for tenants during the coronavirus crisis. The letter said it was “unfair” for [...]
Shake up at Dirty Martini as owners appoint advisers for possible sale November 11, 2018 The group that runs the Dirty Martini chain of cocktail bars confirmed today it had appointed advisers to examine a sale. CG Restaurants said it had “received a number of unsolicited approaches, which are being considered in the context of delivering best value to our shareholders.” It also said: “This may or not result in [...]
Pub companies: Is now the time to invest in a cheap pint? September 23, 2019 Investors in Greene King are raising a glass in celebration after Hong Kong’s richest man, Victor Li, agreed to buy the UK’s largest publicly-listed pub and brewery company for £4.6 billion (including net debt). A unit of Li’s investment vehicle, CK Asset Holdings, has bid 850 pence per share – more than a 50 per [...]
Slug and Lettuce owner toasts World Cup and Be At One acquisition after record quarter September 17, 2018 Slug and Lettuce owner Stonegate has reported a record a quarter due to the World Cup and said growth would continue after acquiring a portfolio of Be At One cocktail bars. The company, which also owns Walkabout and Yates said it sold 4.5m pints over the course the tournament, with a peak of 367,000 during [...]
Slug and Lettuce owner toasts World Cup and Be At One acquisition after record quarter September 17, 2018 Slug and Lettuce owner Stonegate has reported a record a quarter due to the World Cup and said growth would continue after acquiring a portfolio of Be At One cocktail bars. The company, which also owns Walkabout and Yates said it sold 4.5m pints over the course the tournament, with a peak of 367,000 during [...]
Stonegate takeover of pub chain Ei Group ‘may raise prices’ at local boozers December 6, 2019 A £1.3bn merger between Slug and Lettuce owner Stonegate and pub chain Ei Group may lead to higher prices in some local areas, the competition watchdog has warned. The Competition and Markets Authority (CMA) today said that the deal, which would create the country’s largest pub group, did not raise competition concerns on a UK-wide [...]