M&A activity [big deals/small deals]
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Scottish & Newcastle Pub Enterprises (S&NPE) has acquired 14 pubs from Tun Taverns and the Progressive Pub Company for an undisclosed sum.
Posted: 03 April 2008 | 16:11
The future of embattled managed pub operator Mitchells & Butlers (M&B) remains in doubt after rival Punch Taverns ruled itself out as a sole bidder but left the door open to launching a bid with other parties.
Posted: 03 April 2008 | 10:24
The World War Two-era Ministry of Food is the inspiration for Jamie Oliver’s next TV campaign, which will wage war on the ready meal/takeway culture.
Posted: 31 March 2008 | 11:09
Motorway services provider Welcome Break has been sold by Investcorp to Appia Investments for an undisclosed sum.
Posted: 28 March 2008 | 16:25
James Horler, who turned La Tasca into a national brand, is planning the same again after leading a buyout of Northern restaurant chain Ego.
Posted: 28 March 2008 | 14:31
Punch Taverns has ruled out a solo bid for rival Mitchells & Butlers (M&B) but could still strike for the managed pub company as part of a consortium, it said today.
Posted: 28 March 2008 | 11:34
Laurel Pub Group has been split into two new businesses after being placed in administration this afternoon.
Posted: 27 March 2008 | 18:15
Pontin’s executive chairman Graham Parr has led a management buyout (MBO) of the holiday camp operator for an undisclosed sum.
Posted: 27 March 2008 | 14:55
The former owner of Seaham Hall will continue to run a restaurant and two spas after the sale of the hotel to luxury hotel group Von Essen.
Posted: 27 March 2008 | 08:08
Gordon Ramsay has revealed the location of his first "chef academy".
Posted: 25 March 2008 | 19:05
Agilo, the investment firm who rescued Sports Café in January, has snapped up late night bar operator Candu for an undisclosed price to expand its burgeoning hospitality empire.
Posted: 25 March 2008 | 12:31
A round-up of the weekend's news affecting the hospitality industry. News includes: BAA to sell 33 properties to Arora; Fifteen training “hit-and-miss”, says report: Starbucks ordered to pay out $100m in withheld tips.
Posted: 25 March 2008 | 10:55
Merger talks between Travelodge and Whitbread broke down after the hotel operators failed to agree on an estimated £900m sale price, Caterersearch has learnt.
Posted: 20 March 2008 | 16:42
Von Essen has bought two of the North-east’s best known hotels, Seaham Hall and the Samling, from Tom’s Companies.
Posted: 20 March 2008 | 13:38
Premier Inn owner Whitbread has ended merger talks with budget hotel rival Travelodge killing off a potential £3b tie-up.
Posted: 19 March 2008 | 11:58
Novus Leisure, the owner of Tiger Tiger, has bought seven venues from London bar operator Soho Clubs & Bars.
Posted: 18 March 2008 | 13:30
A round-up of the weekend's news affecting the hospitality industry. News includes: Whitbread in talks to merge Premier Inn with Travelodge; M&B mulls minority stake sale; Tate to show super-salad
Posted: 17 March 2008 | 10:59
Whitbread is in talks to merge its budget chain Premier Inn with rival Travelodge, in a deal that would create a company worth around £3b, sources have confirmed.
Posted: 17 March 2008 | 10:46
Casual dining chain Yo! Sushi has been sold to private equity firm Quilvest and its existing management team led by chief executive Robin Rowland in a deal worth an estimated £50m.
Posted: 10 March 2008 | 17:42
Pop star Madonna and film director husband Guy Ritchie have bought the Punch Bowl in Mayfair, London, for an estimated £2.5m.
Posted: 04 March 2008 | 16:32
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