Propel Morning Briefing Mast Head CPL Learning Link Paul's Twitter Link Star Pubs & Bars Banner
Morning Briefing Strap Line
Fri 25th Apr 2014 - Joseph Holt launches JV with Cloverleaf founders
Joseph Holt launches JV with Cloverleaf founders: Joseph Holt has entered into a joint venture with John Winder and Gary Douglas, the founders of Cloverleaf Restaurants, to acquire and develop sites for a number of new build pub restaurant concepts. The new joint venture business, Touchwood Restaurants Ltd, will aim to draw on the skills, expertise, resources and synergies of both parties to create market leading operations that will provide the foundation for long term sustainable growth. The operations will look to exploit the changing demographic and life-style trends that are significantly increasing customer expectations in relation to food, drink, service quality and value, above that usually delivered in large managed house chains. In addition, John and Gary, together with their ex Cloverleaf Restaurants operations Director Pat Breslin will be working closely with Joseph Holt as retail partners in developing and operating two green-field sites owned by Joseph Holt in Warrington and Lytham St Annes, as well as two existing Joseph Holt pubs. Cloverleaf was founded in 2004 and John and Gary developed a highly successful business of 11 pub restaurants prior to its sale to Greene King in January 2011. A further 5 sites were opened prior to their exit from Greene King in January 2013. Joseph Holt has also recently been developing some highly successful new pubs, such as The Fiveways in Stockport, and intends to invest further amounts in its pub estate this year. Including the expenditure on the two new-builds in Warrington and Lytham St Annes, Joseph Holt will be investing a total of £8.1 million on developing its estate in 2014, in addition to the £3.1 million it will be investing in Touchwood Restaurants Ltd. Joseph Holt chief executive Richard Kershaw said: “This is a fantastic opportunity to work with John, Gary and their team to develop an exciting range of innovative new build pub restaurants. John and Gary have a terrific track record of developing highly successful pub restaurants and we welcome this opportunity to create an exciting array of different food driven concepts.” John Winder said: “We are very excited at the prospect of working closely with the Joseph Holt team. We have been presented with a variety of alternative business options, but were extremely impressed with the real desire shown by Joseph Holt for us to work together. Honesty, integrity, transparency and simplicity of operation have always formed the basis of our previous business successes and in this respect, we believe that Joseph Holt provide us with the perfect cultural fit. We are all very much looking forward to the exciting and challenging times ahead.”
Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
 
Beefeater London Peach Gin Banner
 
Fentimans Banner
 
Heineken Banner
 
Restaurant Collective Banner
 
Nordic Spirit Banner
 
Sky Banner
 
Trail Banner
 
Cawston Press Banner
 
Hellmann's Banner
 
Camile Banner
 
Pepper Banner
 
Heineken Banner
 
Taylors of Harrogate Banner
 
Zonal Banner
 
Toggle Banner
 
McCain Banner
 
Zonal Banner
 
Harrogate Spring Water Banner
 
Wireless Social Banner
 
John Gaunt Banner
 
COREcruitment Banner
 
KAM Media Banner
 
Access Banner
 
Startle Banner
 
Cynergy Bank Banner
 
Pago Banner
 
Veneers Banner
 
Punch Taverns Link Punch Taverns Link
Pepper Banner