Restaurant group Various Eateries has announced a significant expansion into the pub sector, acquiring a portfolio of venues for £11.25 million. The transaction will include four sites and marks a pivotal moment as the company plans to change its name to the Coppa Collective.
The company, known for its popular restaurant brands including Coppa Club and Noci, is set to complete the acquisition of the four pubs on or around March 23, 2024. The initial sites involved in the deal are the Wild Thyme & Honey in the Cotswolds, the The Hare & Hounds in Berkshire, the The Stag on the River in Surrey, and the The Wellington Arms in Hampshire. Additionally, Various Eateries has secured terms to potentially acquire the Queen’s Head in Surrey, although this venue is subject to an “asset of community value” process, potentially delaying the sale by up to six weeks.
The acquisition is part of a broader strategy to diversify its offerings and create a third brand called The Linwood Collection. This new brand will complement the existing portfolio, which currently consists of 20 diverse venues, including restaurants, clubhouses, and hotels.
Mark Loughborough, Chief Executive of Various Eateries, emphasized the significance of this acquisition, stating, “Linwood marks an important step in the evolution of the group. We are bringing into the business a small collection of premium pubs with rooms that have earned their reputations the right way, through great hospitality, careful attention to detail and a real sense of place.” He noted the growing appeal of premium pubs that combine food, drink, and accommodation, describing it as a format the company is well-versed in and highly values in the current market.
This move comes shortly after Various Eateries expressed its intention to explore merger and acquisition opportunities to fuel future growth. The acquisition of these pubs not only expands the company’s footprint but also aligns with its vision to enhance the hospitality experience offered to customers.
As Various Eateries transitions into the Coppa Collective, industry observers will be keen to see how this rebranding and expansion strategy unfolds in the coming months.
