Urban Pubs & Bars (UPB), a prominent player in the London pub scene, has recently expanded its portfolio with the acquisition of the historic Red Lion in Leytonstone, along with ten other sites. Founded in 2014 by Malc Heap and Nick Pring, UPB has established itself as a key player in the hospitality industry, operating 44 pubs, bars, and restaurants across the capital.
The acquisition of the Red Lion, a public house with roots dating back to 1670 and a rebuild in 1891, marks a significant milestone for UPB. This iconic establishment, steeped in history and tradition, is a valuable addition to the company’s growing portfolio. Along with the Red Lion, UPB has acquired a total of eleven sites, including The East Dulwich Tavern in East Dulwich, The Antelope in Tooting, and The Sun in Camberwell.
With this latest deal, UPB now operates a total of 52 trading sites, solidifying its position as London’s fastest-growing pub business. The company’s rapid expansion comes on the heels of a challenging period for the hospitality industry, with the COVID-19 pandemic causing widespread disruptions. Despite these challenges, UPB has managed to double the size of its estate, demonstrating its resilience and strategic vision.
Chris Hill, managing director of UPB, expressed his excitement about the acquisition, stating, “We are delighted to be acquiring these fantastic pubs – and we can’t wait to bring them into the Urban family. Like so many existing corners of UPB, these newly acquired sites are iconic in so many individual ways – and we can’t wait to work with our new colleagues to realize the full potential of them, and their brilliant businesses.”
The acquisition of the Red Lion and other iconic London pubs is part of UPB’s ongoing growth strategy, aimed at expanding its presence in key locations across the capital. The company’s commitment to preserving the heritage and character of these establishments while enhancing their offerings to meet modern consumer demands sets it apart as a leader in the industry.
In a statement, Sam Birchall, head of Special Situations M&A at Interpath, highlighted the significance of the transaction, saying, “The transaction demonstrates the opportunity that exists in the market for successful operators to acquire quality assets as part of their ongoing growth strategies.” This sentiment is echoed by Steve Absolom, managing director at Interpath and joint administrator, who emphasized the positive impact of the deal on the employees of the acquired establishments.
The acquisition of the Red Lion and other historic pubs by UPB represents a bright future for these establishments, as they become part of a dynamic and innovative hospitality group. The company’s track record of success and commitment to excellence bodes well for the continued success and growth of these iconic venues in the heart of London.
Preserving History, Embracing Innovation
With its acquisition of the Red Lion and other historic pubs, UPB is not only preserving the heritage and tradition of these establishments but also embracing innovation to meet the evolving needs of modern consumers. By combining the charm and character of these iconic venues with contemporary offerings and experiences, UPB is creating a unique and compelling proposition for patrons.
The Red Lion, with its rich history and iconic status in Leytonstone, is a prime example of UPB’s approach to revitalizing heritage establishments. The company’s investment in the refurbishment and enhancement of the pub’s facilities and offerings will ensure that it remains a beloved destination for locals and visitors alike. From traditional pub fare to craft cocktails and live entertainment, UPB is poised to transform the Red Lion into a vibrant hub of community life.
As part of its commitment to sustainability and responsible business practices, UPB is also focusing on reducing its environmental impact and promoting ethical sourcing practices. By partnering with local suppliers and artisans, the company is supporting the community and contributing to the growth of the local economy. This approach not only benefits the environment but also enhances the overall experience for patrons, who can enjoy high-quality, ethically sourced products.
Expanding Horizons, Creating Opportunities
The acquisition of the Red Lion and other historic pubs by UPB is not only a testament to the company’s growth and success but also a reflection of the resilience and adaptability of the hospitality industry. Despite the challenges posed by the COVID-19 pandemic, UPB has emerged stronger and more determined to expand its presence in key locations across London.
By acquiring iconic establishments with a rich history and loyal customer base, UPB is creating opportunities for growth and innovation in the hospitality sector. The company’s focus on quality, service excellence, and community engagement sets it apart as a leader in the industry, with a clear vision for the future.
The addition of the Red Lion to UPB’s portfolio opens up new possibilities for the pub, its employees, and the local community. With the company’s resources and expertise, the pub can undergo a transformation that enhances its appeal and ensures its long-term sustainability. From menu enhancements to interior renovations, UPB is committed to creating a welcoming and vibrant space that celebrates the pub’s heritage while looking towards the future.
As UPB continues to expand its presence in London and beyond, the company is creating opportunities for growth and development for its employees and partners. By investing in training and development programs, UPB is empowering its staff to deliver exceptional service and create memorable experiences for patrons. This focus on professional development and career advancement sets UPB apart as a progressive and forward-thinking employer in the hospitality industry.
Building a Legacy, Inspiring Innovation
The acquisition of the Red Lion and other historic pubs by UPB is not just a business transaction; it is a commitment to preserving the legacy of these iconic establishments and inspiring innovation in the hospitality industry. By revitalizing heritage venues and creating unique experiences for patrons, UPB is shaping the future of London’s pub scene and setting new standards for excellence.
With a focus on quality, innovation, and community engagement, UPB is redefining the traditional pub experience and creating a new era of hospitality. By blending the best of the past with the excitement of the present, the company is building a legacy that will endure for generations to come. Through its commitment to sustainability, responsible business practices, and employee development, UPB is setting a positive example for the industry and inspiring others to follow suit.
In conclusion, the acquisition of the Red Lion and other historic pubs by UPB represents a significant milestone for the company and a bright future for these iconic establishments. As UPB continues to expand its presence in London and beyond, it is creating opportunities for growth, innovation, and community engagement. By preserving the heritage of these venues while embracing modern trends and consumer preferences, UPB is setting new standards for excellence in the hospitality industry.