Fuller’s has purchased Lovely Pubs, a collection of venues in affluent commuter locations in Warwickshire for a total consideration of £22.5 million.
The Baraset Barn, Alveston
The seven pubs, six of which are freehold, are:
- The Orange Tree, in Chadwick End
- The Boot Inn, at Lapworth
- The Farm, in Monkspath
- Morton’s Kitchen, in Dickens Heath
- The Baraset Barn, in Alveston, and
- The Queen’s Head, in Stoke Pound.
The pubs will continue to operate as they are and, to ensure the essence of the pubs is preserved, Lovely Pubs founders will continue to work with Fuller’s. All 260 team members will be retained with the acquisition.
“I am absolutely delighted to be announcing this news today,” said Fuller’s chief executive, Simon Enemy. We are very careful when it comes to finding great sites to add to our iconic pub estate, and the Lovely Pubs business is a perfect match and a fantastic acquisition.
“It was established 30 years ago and is an excellent business with outstanding, well-invested sites, offering delicious, fresh, locally-sourced food, a great drinks range, and a wonderful welcome. It adds scale to our presence within our geography and is a great next chapter in the Fuller’s story.”
Lovely Pubs founder, Paul Salisbury, said: “We have spent the last 30 years building up a wonderful business, and we are delighted to be partnering with Fuller’s for the next stage in the Lovely Pubs journey.
“Our ethos, values, and vision are very similar, and Fuller’s has the credentials and expertise to deliver further success for these seven fantastic pubs.
“We are looking forward to working with the Fuller’s team, and we know we have a lot to offer with our expertise in the local area. The similarities are obvious, and the opportunity is incredibly exciting.”
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