Managed Groups

JDW sales top £2bn but rising costs hit profits

JDW sales top £2bn but rising costs hit profits

By Rebecca Weller

JD Wetherspoon (JDW) has reported a 28% fall in underlying pre-tax profit despite sales rising above £2.2bn, as wage, repair and business rates costs weighed on the pub giant.

Chickpea Group appoints Gavin George as chair

Chickpea Group appoints Gavin George as chair

By MCA

South West pub operator Chickpea Group has appointed former Laine Pub Company chief executive and co-founder Gavin George as chair, as the business gears up for its next phase of growth.

XP Factory offloads Boom Battle Bar

XP Factory offloads Boom Battle Bar

By James McAllister, business editor, MCA

XP Factory has offloaded its Boom Battle Bar brand, saying it will focus exclusively on the continued growth of its Escape Hunt concept.

Pub sales soften after World Cup boost

Pub sales soften after World Cup boost

By Phoebe Fraser

Pub sales softened in August after the end of the men’s football World Cup, despite managed hospitality groups recording a fourth consecutive month of growth.

Butcombe announces leadership restructure

Butcombe announces leadership restructure

By Rebecca Weller

Butcombe Group has announced strategic changes to its leadership structure, appointing Alice Bowyer as managing director of its managed division.

Heartwood: ‘We’ve got too much data’

Heartwood: ‘We’ve got too much data’

By James McAllister, MCA

Heartwood Collection IT director Rob Trippett has warned there’s a danger the amount of data available to hospitality operators right now can lead to businesses having too many KPIs.

JDW to open new university pub

JDW to open new university pub

By Rebecca Weller

Pub behemoth JD Wetherspoon (JDW) has confirmed its new pub at Birmingham University, Joe’s, will open later this month.

Cost pressures hit EBITDA at Glendola Leisure

Cost pressures hit EBITDA at Glendola Leisure

By James McAllister, MCA

Glendola Leisure has said it is continuously trying to manage and mitigate the impact of cost pressures including high interest rates and inflation.

Lane7 acquires Par 59

Lane7 acquires Par 59

By Georgi Gyton, MCA

Lane7 Group has acquired fellow competitive socialising business Par 59 as it looks to grow its presence across the UK.