Latest news with #StonegateGroup
Daily Mail
29-04-2025
- Business
- Daily Mail
Britain's biggest pub chain hikes prices of drinks by 4% with could add up to 20p onto the cost of a pint
Britain's biggest pub chain has hiked prices of drinks by four per cent - in a move that could add 20p onto the cost of a pint. Stonegate Group, which owns bars including Slug & Lettuce, Walkabout, Be At One and Popworld, is set to increase prices for its leased and tenanted pubs to get booze from May 2. The prices are likely to then be put onto customers, which could add as much as 25p onto the price of a pint. The weighted average duty inclusive selling price - a calculation determining the average cost of goods considering their weight and tax - will rise by 8.2 per cent for cider. Wine and spirits will also both be hiked by more than 6.5 per cent. Stonegate Group, who operate more than 4,500 sites across the country, blamed price rises on 'considerable economic uncertainty' as they said boozers continue to be 'disproportionately impacted' by energy and staff costs. They told pub trade outlet The Morning Advertiser: 'This increase reflects the significant inflationary pressures and ongoing challenges faced by our sector, as well as our ongoing commitment to partner with our publicans to enable them to continue to play a vital role in the communities they serve.' A spokesman for Stonegate added to MailOnline that they expected other chains to also be putting the price of beer up by at least 10-15p. He said: 'Our annual price review this year reflects the significant cost pressures and challenges faced by our sector over the last 12 months. 'We are absolutely committed to supporting our publicans, enabling them to continue to play the vital role in the communities they serve.' It comes despite the Chancellor cutting draught duty by a meagre 1.7 per cent in the October budget, with cash-strapped Brits branding it a 'f***ing joke'. Industry bosses accused Labour of 'betraying' businesses and rowing back on its election pledges - with new celebrity publican Jeremy Clarkson calling Keir Starmer's government 'hopeless'. In a scathing critique Mr Clarkson, who opened his £1million pub in the Cotswolds last year, wrote on X: 'Rachel Reeves. I literally daren't comment,' before adding. 'We have a new government. It's turning out to be hopeless.' And his former Top Gear co-host James May lamented: 'Cripes: a penny off a pint of beer. This is a small step to putting the 'great' back in to United Kingdom.' It comes just a month after Guinness manufacturers Diageo revealed the price of a pint of the black stuff would be hiked by 4.2 per cent from May 1. It will affect Guinness sold in a keg, microdraught and Guinness Surger - although 0.0 and Guiness Draght in a can will not be affected.
Scottish Sun
29-04-2025
- Business
- Scottish Sun
Popular UK pub chain with Glasgow branches to hike beer prices
Find out how much your favourite drinks will cost Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A POPULAR UK pub chain with several Glasgow branches is set to hike beer prices in a fresh blow for punters. Stonegate Group, which owns boozers such as Slug & Lettuce, Walkabout and Popworld, says the change will come into force from Friday, May 2. Sign up for Scottish Sun newsletter Sign up 1 Stonegate Group is set to hike beer prices Credit: Roddy Scott Their portfolio also includes The Merchant, Home, The Ark and The Howgait in Glasgow, among others. Bosses say the move follows "significant cost pressures and challenges" affecting the hospitality industry. The sector was hammered by closures during the Covid-19 pandemic and was immediately dealt another blow by supply issues and the cost of living crisis. A spokesperson for Stonegate said: "Our annual price review this year reflects the significant cost pressures and challenges faced by our sector over the last 12 months. "We are absolutely committed to supporting our publicans, enabling them to continue to play the vital role in the communities they serve." Stonegate is hiking beer and other booze selling prices by 4% for its leased and tenanted pubs. Boozers will likely then have to push this cost onto drinkers, which could add an extra 15 to 20p onto drinks. For example, a pint like Hofbräu Original Lager that typically costs £5.50, could now cost £5.75. Similarly, the Thistly Cross Traditional Sparkling Apple Cider that would usually sell at £5, could increase to £5.20. A number of pubs are also warning they will have to hike prices for customers this year after the Government's Autumn Budget. First look inside new Glasgow pub with a live train timetable board and hi tech cocktail machine Employer National Insurance Contributions (NICs) and the national minimum wage are both rising. But businesses have cautioned this will force them into upping the price of drinks as they try and absorb the extra costs.
Yahoo
08-02-2025
- Business
- Yahoo
Couple close pub where they held their own wedding
A couple from Sheffield who become landlords of the pub that hosted their wedding party have now closed the venue after less than a year of trading. Despite having no experience of licensed trade, James and Tamsin Kaminski took over the running of The Sportsman in Lodgemoor in March 2024 after celebrating their marriage in the grounds the previous summer. In a statement posted on Facebook, the couple said: "It is with a heavy heart we announce we will not be extending our lease. "The cost of running The Sportsman is beyond what we can invest as a family." The Sportsman is one of the highest pubs in Sheffield, sitting at the top of Redmires Road with views over the Rivelin Valley. The Kaminskis' wedding was the last event at the pub before the death of the former long-term landlady, Jill Hoffman. Mr Kaminski admitted that although much of their tenure had been "enjoyable", it had also been a "rough year" with wages making up 40% of their turnover. "We had no experience in the field. You hear all the time about pubs closing, we are finding out why ourselves. "There is a breaking point. We really struggled with utility costs - they are massive, much bigger than we forecast for." Another factor that affected The Sportsman's revenue was the unpredictable weather. "We are a destination pub, the views are incredible but we rely on walkers and cyclists and when the weather is bad people don't come out. "We seemed to have one storm after another," said Mr Kaminski. The couple's last official day as landlords will be Saturday 8 February. Mr Kaminski acknowledged that the support from locals had been "incredible" and the final shift would be an "emotional" experience. "Financially Saturday will be a huge relief but you can't keep passing that cost on to the customer. Ultimately it's not a charity, we have to make some money to live ourselves." The Kaminskis have not ruled out returning to the pub industry and running their own place again but for now are looking for work elsewhere. The Stonegate Group, who own The Sportsman, have advertised the fixed term tenancy on their website. Listen to highlights from South Yorkshire on BBC Sounds, catch up with the latest episode of Look North or tell us a story you think we should be covering here. Newlyweds become landlords at their wedding venue 17th Century village pub announces closure
BBC News
08-02-2025
- Business
- BBC News
Sheffield landlords close pub they took on after wedding
A couple from Sheffield who become landlords of the pub that hosted their wedding party have now closed the venue after less than a year of having no experience of licensed trade, James and Tamsin Kaminski took over the running of The Sportsman in Lodgemoor in March 2024 after celebrating their marriage in the grounds the previous a statement posted on Facebook, the couple said: "It is with a heavy heart we announce we will not be extending our lease."The cost of running The Sportsman is beyond what we can invest as a family." The Sportsman is one of the highest pubs in Sheffield, sitting at the top of Redmires Road with views over the Rivelin Kaminskis' wedding was the last event at the pub before the death of the former long-term landlady, Jill Kaminski admitted that although much of their tenure had been "enjoyable", it had also been a "rough year" with wages making up 40% of their turnover."We had no experience in the field. You hear all the time about pubs closing, we are finding out why ourselves."There is a breaking point. We really struggled with utility costs - they are massive, much bigger than we forecast for."Another factor that affected The Sportsman's revenue was the unpredictable weather."We are a destination pub, the views are incredible but we rely on walkers and cyclists and when the weather is bad people don't come out."We seemed to have one storm after another," said Mr Kaminski. The couple's last official day as landlords will be Saturday 8 February. Mr Kaminski acknowledged that the support from locals had been "incredible" and the final shift would be an "emotional" experience."Financially Saturday will be a huge relief but you can't keep passing that cost on to the customer. Ultimately it's not a charity, we have to make some money to live ourselves."The Kaminskis have not ruled out returning to the pub industry and running their own place again but for now are looking for work Stonegate Group, who own The Sportsman, have advertised the fixed term tenancy on their to highlights from South Yorkshire on BBC Sounds, catch up with the latest episode of Look North or tell us a story you think we should be covering here.
