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Pumps primed for growth in British pubs
Published by
The Week

1m read

12 July 11.07am

Hargreaves Lansdown is not responsible for this article's content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest. Article originally published by The Week.

Demand for craft beer and gin is driving a resurgence, says business adviser BDO

While Jamie’s Italian and Byron have been forced to close some outlets, business advisory firm BDO says the long decline in the pub sector is going into reverse. “The booming industry in craft beer and gin continues to attract consumers and create strong returns,” reports the Belfast Telegraph.

The good weather has also helped, encouraging people to enjoy a drink in public, as has the unexpected success of the England football team. “Greene King sold half a million extra pints during England’s World Cup thrashing of Panama,” says The Guardian.

But the resurgence has deeper roots, according to Mark Edwards of BDO. “Quality pubs have proved to be resilient assets,” he says. “They have played an important part in our high streets, cities and local communities for hundreds of years and have successfully adapted to ever-changing consumer demands.

“There are a number of exciting, fast-growing managed pub and bar groups that are likely to be on the radar of investors. Things are definitely looking up.”

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They also have a number of advantages over casual dining outlets, including “less competition, higher margin premium products and craft beer, the luxury of having a more flexible operating model without the need for chefs and suffering less impact from food cost inflation”, says trade magazine The Caterer.

This article was from The Week and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

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Article originally published by The Week. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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