So very Moorish 13 September 2019 Stuart Procter and Ben Tish on the North African-inspired cuisine of Fitzrovia’s Norma, the Stafford Collection’s first standalone restaurant
In this week's issue... So very Moorish Stuart Procter and Ben Tish on the North African-inspired cuisine of Fitzrovia’s Norma, the Stafford Collection’s first standalone restaurant
Read More
Search

Property investor New River in discussions to buy pub group Hawthorn Leisure

21 May 2018 by
Property investor New River in discussions to buy pub group Hawthorn Leisure

Property investor New River has confirmed it is in discussions to acquire pub owner Hawthorn Leisure.

Hawthorn Leisure was formed in 2014 by former banker Noah Bulkin from the purchase of 275 pubs from brewer and operator Greene King.

The company, which now has more than 300 pubs, reported post-tax losses of almost £9.5m in 2016.

In a statement New River said: "New River confirms that it has entered a period of exclusivity with Hawthorn and its major shareholder regarding a potential acquisition of the business.

"A transaction, if completed, would be funded from New River's existing resources. There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made as soon as practicable."

New River owns 33 shopping centres, 18 retail warehouses, 11 high street properties and 336 pubs.

Hawthorn Leisure sees third consecutive year of growth>>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!