Major deals in the pub market are likely to surface in 2013 after a slowdown in the past year, according to Fleurets in its annual review of the pub sector.
Source:Fleurets predicts major pub deals in 2013
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The overwhelming feeling was one of relief for Alan Monks and Debi Sickelmore, following the conclusion of their licence review hearing at Westminster City Hall last week. Source:Duke of York licensees breathe sigh of relief after licence review hearing Barracuda, the pub company that restructured as Bramwell, was placed into administration owing creditors a net amount of £253,256. Source:Failed pubco Barracuda owed £253,256 The Federation of Licensed Victuallers Associations (FLVA) has challenged Enterprise Inns to soften its rent-review strategy in the wake of its claim that average licensee income is £45,000 per annum. Source:FLVA calls on Enterprise Inns to soften its rent review strategy The Hospitality Guild and National Skills Academy (NSA) for Retail have secured funding of more than £500,000 through the Skills Funding Agency (SFA) to develop a new centre of excellence for the hospitality and retail sectors. Source:Centre of excellence for hospitality and retail sectors to open in 2013 The Federation of Small Businesses (FSB) has raised concerns that many businesses in high-risk flood areas cannot get adequate insurance cover and will have to pay out themselves to repair damage. Source:FSB urges Government to improve business insurance cover in high-risk flood areas Novus Leisure, the premium bar and restaurant operator, has reported a 50% increase in EBITDA to £16.7m for the year to 27 June 2012, and said it was engaged in a “number of processes” regarding adding further sites to its 52-strong estate. Source:Novus reports strong earnings and eyes expansion The drive to reduce VAT for the sector to 5% will be stepped up next year as campaigners eye a breakthrough in 2013 and 2014. Source:Campaign to cut hospitality VAT 'will accelerate in 2013' |
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