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Yates Wine Lodge
Yates is a British pub chain. It was founded as Yates's Wine Lodge in Oldham, Lancashire by Peter and Simon Yates in 1884. History Yates is Britain's oldest pub chain. Its motto was ''moderation is true temperance''. The founders, brothers Peter and Simon Yates, were from Preston. Peter (who lived from April 22, 1854–1944) was sent to Spain to learn about wine. Simon went to the US to learn about business methods. The first Yates Wine Lodge opened in Oldham in 1884. Ownership Public company On July 23, 1994, Yates became a public company owned by the Yates Group PLC (Yates Brothers Wine Lodges PLC). The Yates Group also owned Ha! Ha! Bar & Canteen and operated pubs under the Blob Shop and Addisons name. In the late 1990s, its share price rose to reach a high of 550p in 1998. In June 2001, the Yates Group entered takeover talks with Luminar Group. In July 2001, it withdrew from takeover talks and saying it would instead sell off 25 of its pubs, later putting 18 o ...
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Stonegate Pub Company
Stonegate Pub Company is the largest pub company in the UK, operating around 4,800 managed, leased and tenanted pubs . It is owned by TDR Capital. The head office is based in Solihull, UK, and the company is registered in the Cayman Islands. History The company was formed in 2010 by the private equity firm TDR Capital, after it purchased 333 pubs from Mitchells & Butlers. Originally trading from rented offices near Birmingham airport, it then moved its operations office to Capability Green in Luton in June 2011 when Stonegate bought the Town & City Pub Company which was in receivership, creating the largest privately held managed pub operator in the UK and acquiring the Yates's and Slug and Lettuce brands in the process. In August 2013, Stonegate acquired 13 Living Room sites from Premium Bars & Restaurants. In June 2015, a further 15 sites were acquired from the Scottish pub, bar and hotel operator, Maclay Inns, and later that same year Stonegate acquired 53 pubs from Tattersha ...
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Buyout
In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout will often include the purchasing of the target company's outstanding debt, which is referred to as "assumed debt" by the purchaser. Non-finance usage The term may apply more generally to the purchase by one party of all of the rights of another party with respect to an ongoing transaction between the two. For example: *An employer may "buy out" an employee's contract by making a single prepayment, so as to have no ongoing obligation to employ the person; *A landlord may buy out the remainder of a tenant's lease, effectively paying them to vacate. *A government may buy out homes in a floodplain or other area subject to hazard. The language used by FEMA, a United States agency, is "acquisition". *In Major League Baseball, a club option is a ...
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History Of Oldham
The history of Oldham is one of dramatic change, from obscure Pennine hamlet to preeminent mill town and textile processing capital of the world. Oldham's industrial history includes hatting, coal mining, structural engineering, mechanical engineering, textile machinery manufacture and cotton spinning - for which the town is most noted. Oldham has been described as the "most prodigious" mill town in Lancashire, and the "one that grew the quickest, from most insignificant beginnings, .. into.../nowiki> the cotton spinning capital of the world." Since the mid-20th century, Oldham has seen the demise of its textile industry, and the troubled integration of new cultural traditions and religions. With respect to the ensuing depression that followed Oldham's slump in textile manufacture, one author remarked that "when the fall finally came, it was the town that crashed the hardest." Early history The earliest known evidence of a human presence in what is now Oldham is atteste ...
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Companies Formerly Listed On The London Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Restaurants Established In 1884
A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services. Restaurants vary greatly in appearance and offerings, including a wide variety of cuisines and service models ranging from inexpensive fast-food restaurants and cafeterias to mid-priced family restaurants, to high-priced luxury establishments. Etymology The word derives from early 19th century from French word 'provide food for', literally 'restore to a former state' and, being the present participle of the verb, The term ''restaurant'' may have been used in 1507 as a "restorative beverage", and in correspondence in 1521 to mean 'that which restores the strength, a fortifying food or remedy'. History A public eating establishment similar to a restaurant is mentioned in a 512 BC record from Ancient Egypt. It served only one dish, a plate of cereal, wild fowl, an ...
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Companies Based In Oldham
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incorporation (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ...
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Companies Based In Luton
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pe ...
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1884 Establishments In The United Kingdom
Events January–March * January 4 – The Fabian Society is founded in London. * January 5 – Gilbert and Sullivan's ''Princess Ida'' premières at the Savoy Theatre, London. * January 18 – Dr. William Price attempts to cremate his dead baby son, Iesu Grist, in Wales. Later tried and acquitted on the grounds that cremation is not contrary to English law, he is thus able to carry out the ceremony (the first in the United Kingdom in modern times) on March 14, setting a legal precedent. * February 1 – ''A New English Dictionary on historical principles, part 1'' (edited by James A. H. Murray), the first fascicle of what will become ''The Oxford English Dictionary'', is published in England. * February 5 – Derby County Football Club is founded in England. * March 13 – The siege of Khartoum, Sudan, begins (ends on January 26, 1885). * March 28 – Prince Leopold, the youngest son and the eighth child of Queen Victoria and ...
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Slug And Lettuce (pub Chain)
Slug and Lettuce is a chain of bars that operate in the United Kingdom, with a large number located in London and South East England. As of 2017, there are a total of 70 outlets. Hugh Corbett opened the first Slug and Lettuce in Islington in 1985. He attempted to enhance the public house environment, at a time when standards were often low. The bars are designed for a youthful clientele, and aim to attract an equal number of men and women with "female friendly" designs. The chain has remained relevant by continually re-inventing itself for the contemporary marketplace. The chain has gone through a number of owners throughout its history, and is currently owned by the Stonegate Pub Company, based in Luton, Bedfordshire. History Hugh Corbett, an entrepreneur with a background in the hotel industry, opened The Slug and Lettuce pub on Islington Green, North London in 1985. At the time, Islington was becoming increasingly gentrified due to its proximity to the City of London fi ...
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McDonald's
McDonald's Corporation is an American Multinational corporation, multinational fast food chain store, chain, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechristened their business as a hamburger stand, and later turned the company into a Franchising, franchise, with the Golden Arches logo being introduced in 1953 at a location in Phoenix, Arizona. In 1955, Ray Kroc, a businessman, joined the company as a franchise agent and proceeded to purchase the chain from the McDonald brothers. McDonald's had its previous headquarters in Oak Brook, Illinois, but moved its global headquarters to Chicago in June 2018. McDonald's is the world's largest restaurant chain by revenue, serving over 69 million customers daily in over 100 countries in more than 40,000 outlets as of 2021. McDonald's is best known for its hamburgers, cheeseburgers and french fries, although their menus include other items like ch ...
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Administration (law)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the administ ...
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Slug And Lettuce
Slug and Lettuce is a chain of bars that operate in the United Kingdom, with a large number located in London and South East England. As of 2017, there are a total of 70 outlets. Hugh Corbett opened the first Slug and Lettuce in Islington in 1985. He attempted to enhance the public house environment, at a time when standards were often low. The bars are designed for a youthful clientele, and aim to attract an equal number of men and women with "female friendly" designs. The chain has remained relevant by continually re-inventing itself for the contemporary marketplace. The chain has gone through a number of owners throughout its history, and is currently owned by the Stonegate Pub Company, based in Luton, Bedfordshire. History Hugh Corbett, an entrepreneur with a background in the hotel industry, opened The Slug and Lettuce pub on Islington Green, North London in 1985. At the time, Islington was becoming increasingly gentrified due to its proximity to the City of London fina ...
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