Brakspear's reopened sites help lift Q4 sales 12%
Henley-based pub firm Brakspear saw a 12% increase on turnover in the last quarter of 2010, compared to 2009, thanks to the reopening of several high-trading sites during the year.
The Owl & Pussycat in Shoreditch reopened last autumn with Fiveeightzero as tenants and has been trading "phenomenally well", according to Brakspear. Brighton pub the Portland became the Stoneham Pub & Pizzeria, while the Chequers in Marlow reopened with a £500,000 investment. The site is now run by Tailor Made Steaks, which also opened the redeveloped White Hart at Nettlebed, near Henley, before Christmas.
Brakspear chief executive Tom Davies said: "It's very good to have these high-profile pubs open again. Despite the challenges facing our business, these sites show that investment in the right place, with the right tenants, can turn a struggling pub into a star performer. We hope for similar success with the investments we have planned for 2011."
Brakspear achieves 4.3% rise in customer service score >>
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Brakspear freezes beer prices to offset VAT rise >>
By Neil Gerrard
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