6th Mar 2026 09:10
(Alliance News) - Various Eateries PLC on Friday said it plans to change its name as it aims to buy a portfolio of "premium" pubs with rooms from Grosvenor Pubs & Inns.
The London-based operator of restaurant, clubhouse and hotel sites under the Coppa Club and Noci brands said it plans to change its name to Coppa Collective PLC, noting this "better reflected" its portfolio and long-term direction. The company said it is evolving into a broader, multi-format hospitality platform.
Various Eateries said it exchanged on asset purchase agreements to acquire the portfolio, which includes four sites it aims to acquire on or around March 23.
They include Wild Thyme & Honey in Cotswolds, the Hare & Hounds in Berkshire, the Stag on the River in Surrey, and the Wellington Arms in Hampshire.
Together, the pubs will form a third operating brand for Various Eateries, named Linwood Collection, alongside Coppa Club and Noci.
The total price for the four sites is GBP11.3 million. Various Eateries said it has secured a GBP15 million debt facility with HSBC UK Bank PLC, comprising an GBP8 million three-year term facility with a seven-year amortisation profile and a GBP7 million revolving credit facility.
The pubs had a total revenue of about GBP10.5 million in the 52 weeks ended December 28, Various Eateries said, with site-level earnings before interest, tax, depreciation and amortisation of around GBP1.5 million.
Further, Various Eateries has agreed terms to potentially buy the Queen's Head in Surrey.
The acquisition of the Queen's Head is subject to an "asset of community value" which Various Eateries explains means that "the acquisition of that site cannot exchange until the relevant statutory notification and moratorium period has expired, which is expected to take at least six weeks."
Chief Executive Officer Mark Loughborough 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."
He added: "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."
Various Eateries share rose 3.7% to 14.00 pence each on Friday morning in London. The stock is down 11% over the past year.
By Tom Budszus, Alliance News slot editor
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