Nearly 12,000 licensed premises have closed in Britain since December 2019, new data from CGA and AlixPartners reveals an average of around 30 a day.
The figures, which feature in the latest Market Recovery Monitor, are the highest on record, and indicate the full toll of Covid-19 and lockdowns on hospitality.
While 4,170 new sites have been recorded since December 2019, the loss of 11,894 venues means there have been nearly three closures for every fresh opening leading to a net loss of 7,724 licensed premises.
The number of permanent closures is expected to rise sharply, as the effects of trading restrictions including a catastrophic drop in trade over the key month of December take their toll.
Conor McGregor forked out €1 9m for Dublin bar
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THE exact amount of money Conor McGregor paid for his pub in Dublin can finally be revealed – €1.9m.
The revelation is made in auctioneer Lisney/Morrissey’s Licensed Premises report for 2020, which discloses that 13 pubs sold in Dublin last year for a total of over €41m compared to 16 transactions totaling €57m in 2019.
The €1.9m payout by McGregor is close to the €2m estimate industry sources originally told Sunday World last year was speculated the UFC fighter paid for the Black Forge pub in Crumlin.
The 33-year-old has splashed out an estimated €1m in renovating it into a gastro pub, which will sell food when it reopens.
Finance Ireland may challenge Permanent TSB for Ulster Bank loans Seen & Heard: Private equity drives pub sales, Aviva Stadium firm sells house to offset losses
Sun, Feb 21, 2021, 10:57 Updated: Sun, Feb 21, 2021, 12:57
Irish non-bank lender Finance Ireland is eyeing up parts of Ulster Bank’s business banking book, triggering a potential bidding war with Permanent TSB, according to a report in the Sunday Times. Finance Ireland, headed by former PTSB boss Billy Kane, was linked with a possible stock market flotation before the pandemic.
In a separate report in the Business Post, the State may have to provide more than €500 million to PTSB if the lender is to secure the small business loans and most of the mortgages from Ulster Bank.
17 February 2021 By Christian Smith
A shop in Lincoln, UK, has lost its license after a police raid found the store was selling vodka with 150,000 times the legal industrial alcohol limit, which was “unfit for human consumption.”
An image of the illicit alcohol. Credit: Lincolnshire Police
Officers raided Zabka on Portland Street, Lincoln, in December, finding more than 190 illegal medicine products, 62 bottles of non-duty paid alcohol and five bottles of illicit Krackoff Vodka, it’s reported.
When the vodka was sent for testing, it was discovered that it contained 150,000 times more industrial alcohol than the legally permitted limit.
“The revocation of this Premises Licence sends a strong message from Lincoln City Council, that this sort of activity at licensed stores will not be tolerated,” Sergeant Kim Enderby from the Alcohol Licensing Department said.
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