Laine Pub Company acquires New Pub Company

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Drinks: Drinks
Location: England
Other: Business

Brighton and London-based pub operator, the Laine Pub Company, has taken on six sites from the New Pub Company for an undisclosed sum.

However New Pub Company founder Peter Linacre has retained the brand’s biggest food-led site, The Telegraph in Putney Heath.

The six sites located within the M25 include the Black Lion in Hammersmith, Camden Eye in Camden, Charles Holden in Colliers Wood, Glasshouse in New Malden, Griffin in Whetstone, and the Hare & Hounds in Claygate.

The company said the sites are expected to make an EBITDA of £0.84m on sales of £6.1m for the financial year to 31 March 2017. The freeholds for all six pubs are owned by Star Pubs & Bars.

Laine CEO Gavin George said: ‘The New Pub Company estate is operated by six exceptional management teams whom we are very pleased to welcome into Laine’s London business. We will use Laine’s support structure to help them develop their businesses further but hope also to learn much from them, particularly in the area of food service where Peter’s pubs have always been particularly highly regarded.’

Linacre, New Pub Company founder, said: ‘The shareholders are pleased to be selling the business to Laine Pub Company. I believe they will take our fantastic portfolio to the next level of development. I am also delighted to be retaining our largest food led site – The Telegraph. We wish Laine Pub Company and all our colleagues in New Pub Company, continued success.’

 

About Author

Claire Dodd

As a freelance journalist, Claire has written about pretty much any topic you can imagine, from which are the best sausages, to how to flood-proof your home. However, her writing on drinks began when she landed a job as a features writer for the Publican magazine in 2007. Adjusting to a lifestyle of sampling the best drinks from around the world was tough, but someone had to do it. Having left the title in 2011, today Claire focuses on drinks and travel writing for both consumer and trade titles. Aside from searching the globe for the best drinks, and the nicest spots to consume them, she also judges global brewing competitions and keeps an eye on the business moves of the on-trade.

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