Coppa Club owner to change name and create third brand following pub portfolio acquisition
Various Eateries, the owner of the Coppa Club and Noci brands, is set to create a third brand after acquiring a portfolio of premium pubs for £11.25m.
The group has also announced its intention to change name to Coppa Collective, which it said better reflects its portfolio and long-term direction.
The acquisition of the pubs – which are located in the Cotswolds, Berkshire, Surrey, and Hampshire – is expected to complete on or around 23rd March. On completion, the sites will form a new operating brand, The Linwood Collection.
The group has also agreed terms to potentially acquire a fifth pub in Surrey.
Various Eateries said it considers the venues to be high-quality, well-invested assets, recognised for their character, design and strong local reputations.
Mark Loughborough, CEO of Various Eateries, said: “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. They are destinations with loyal followings, and our priority is straightforward: protect what people already love about them and build from there.
“This is also a format we know well and rate highly in the current market. Premium pubs with rooms combine food and drink with accommodation and a broader, destination-led appeal. Done well, that mix can deliver resilience and attractive economics, and we believe these sites have the quality to do exactly that. We believe our operating platform can help them perform even more consistently over time, through the disciplines we have been strengthening across the Group, from purchasing and systems to training, standards and day-to-day execution.
“This acquisition is fully aligned with the approach we set out at our full-year results. We are building momentum, we have a clearer playbook and we are ready to act when high-quality opportunities arise on the right terms. Alongside Coppa Club and Noci, Linwood broadens the Group in a way that fits our culture and our ambition. As Coppa Collective, we will be clearer about the breadth of what we are building, and I am excited to welcome new colleagues and new guests into the Group.”