Yates Wine Lodge, High Street, in Oldham (1927)Yates's, St James's Street, Burnley
Yates is Britain's oldest pub chain.[2] Its motto was moderation is true temperance.[3] The founders, brothers Peter and Simon Yates were from Preston. Peter (who lived from April 22, 1854–1944) was sent to Spain to learn about wine. Simon went to the US to learn about business methods.
The first Yates Wine Lodge opened in Oldham in 1884.[2]
Ownershipedit
Public companyedit
On July 23, 1994, Yates became a public company owned by the Yates Group PLC (Yates Brothers Wine Lodges PLC). The Yates Group also owned Ha! Ha! Bar & Canteen and operated pubs under the Blob Shop and Addison's name. In the late 1990s, its share price rose to reach a high of 550p in 1998.
In June 2001, the Yates Group entered takeover talks with Luminar Group. In July 2001, it withdrew from takeover talks and saying it would instead sell off 25 of its pubs, later putting 18 of them up for sale. On November 1, 2001, the Yates Group sold eight pubs to Morrells for £4 million, with four being in Grantham, Slough, Solihull and Tunbridge Wells.
In October 2003, Yates sold its Aussie White fortified brand to Halewood International for £1 million.[4]
Management buyoutedit
In June 2004, when 30% of the company was owned by the Dickson and Yates family, the Yates Group had a management buyout offer (MBO) funded by GI Partners.[5] At the time, the company was valued at £98.4 million (140p a share) and employed 4,000 people. While GI Partners only received 16% of acceptances from shareholders (not the 90% it was looking for), the bid proceeded in October 2004.
Takeover by Laurel Pub Companyedit
By 2005, the Yates Group had grown to 125 Yates pubs and 25 Ha! Ha! bars. In April 2005, the company was approached by the Tchenguiz-owned Laurel Pub Company and a £200-million merger was completed on May 20, 2005. A few weeks later, Laurel bought many of the sites belonging to the bankrupt SFI Group PLC, who owned Slug and Lettuce.
In 2011 European private equity firm TDR capital announced the merger between pub companies Stonegate and Town & City[7]
Businessedit
There are still more than 70 Yates pubs or bars in the UK, although there is no longer one in Oldham.[8] The site of the original Yates Wine Lodge is now a McDonald's[9] and is marked by a plaque on Oldham High Street. Some Yates have been converted to Slug and Lettuce pubs in recent years.
Yates Australian White continues to be made by Halewood International and is sold in 35-centilitre, 70-centilitre and 1.5-litre containers.[10]
^ abConnor, John (2014). The inns and alehouses of Stafford: Through the North Gate. Kibworth Beauchamp: Troubador Publishing Ltd. p. 124. ISBN9781783064250. OCLC 879400627.
^"More to Yates's Wine Lodges than just champagne on draught". TheGuardian.com. 13 June 1977. Retrieved 26 August 2022.
^"Yates in £1m wine deal". morningadvertiser.co.uk.
^"Yates agrees to management buyout". 9 June 2004 – via news.bbc.co.uk.
^Laurel Pubs bought by Tchenguiz-backed companies Yahoo! Finance[dead link]
^restaurantonline.co.uk (22 June 2011). "Stonegate and Town & City pub companies merge". restaurantonline.co.uk. Retrieved 22 May 2023.
^. Archived from the original on 17 September 2009. Retrieved 2 October 2009.
^"Yates' call time on brand name". Manchester Evening News. 19 June 2005. Retrieved 13 January 2022.
^. Archived from the original on 2 December 2015. Retrieved 6 December 2015.
External linksedit
(archived)
Media related to Yates's Wine Lodge at Wikimedia Commons
December 15, 2023
yates, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citation. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Yates s news newspapers books scholar JSTOR August 2012 Learn how and when to remove this template message This article s tone or style may not reflect the encyclopedic tone used on Wikipedia See Wikipedia s guide to writing better articles for suggestions October 2014 Learn how and when to remove this template message Learn how and when to remove this template message Yates is an English pub chain It was founded as Yates s Wine Lodge in Oldham Lancashire by Peter and Simon Yates in 1884 1 YatesTypeSubsidiaryIndustryHospitalityFounded1884FounderPeter and Simon YatesHeadquartersPorter Tun House 500 Capability Green Luton Bedfordshire LU1 3LSNumber of locations37Area servedUKParentYates Group plc 1986 2004 Laurel Pub Company 2004 11 Stonegate Pub Company 2011 SubsidiariesHa Ha Bar amp Canteen former WebsiteYates Contents 1 History 2 Ownership 2 1 Public company 2 2 Management buyout 2 3 Takeover by Laurel Pub Company 2 4 Administration 2 5 Takeover by Stonegate Pub company 3 Business 4 References 5 External linksHistory edit nbsp Yates Wine Lodge High Street in Oldham 1927 nbsp Yates s St James s Street BurnleyYates is Britain s oldest pub chain 2 Its motto was moderation is true temperance 3 The founders brothers Peter and Simon Yates were from Preston Peter who lived from April 22 1854 1944 was sent to Spain to learn about wine Simon went to the US to learn about business methods The first Yates Wine Lodge opened in Oldham in 1884 2 Ownership editPublic company edit On July 23 1994 Yates became a public company owned by the Yates Group PLC Yates Brothers Wine Lodges PLC The Yates Group also owned Ha Ha Bar amp Canteen and operated pubs under the Blob Shop and Addison s name In the late 1990s its share price rose to reach a high of 550p in 1998 In June 2001 the Yates Group entered takeover talks with Luminar Group In July 2001 it withdrew from takeover talks and saying it would instead sell off 25 of its pubs later putting 18 of them up for sale On November 1 2001 the Yates Group sold eight pubs to Morrells for 4 million with four being in Grantham Slough Solihull and Tunbridge Wells In October 2003 Yates sold its Aussie White fortified brand to Halewood International for 1 million 4 Management buyout edit In June 2004 when 30 of the company was owned by the Dickson and Yates family the Yates Group had a management buyout offer MBO funded by GI Partners 5 At the time the company was valued at 98 4 million 140p a share and employed 4 000 people While GI Partners only received 16 of acceptances from shareholders not the 90 it was looking for the bid proceeded in October 2004 Takeover by Laurel Pub Company edit By 2005 the Yates Group had grown to 125 Yates pubs and 25 Ha Ha bars In April 2005 the company was approached by the Tchenguiz owned Laurel Pub Company and a 200 million merger was completed on May 20 2005 A few weeks later Laurel bought many of the sites belonging to the bankrupt SFI Group PLC who owned Slug and Lettuce Administration edit On 27 March 2008 Laurel was put into administration 6 Takeover by Stonegate Pub company edit In 2011 European private equity firm TDR capital announced the merger between pub companies Stonegate and Town amp City 7 Business editThere are still more than 70 Yates pubs or bars in the UK although there is no longer one in Oldham 8 The site of the original Yates Wine Lodge is now a McDonald s 9 and is marked by a plaque on Oldham High Street Some Yates have been converted to Slug and Lettuce pubs in recent years Yates Australian White continues to be made by Halewood International and is sold in 35 centilitre 70 centilitre and 1 5 litre containers 10 References edit Anon 1996 Bygone Oldham True North Publishing ISBN 1 900463 25 3 a b Connor John 2014 The inns and alehouses of Stafford Through the North Gate Kibworth Beauchamp Troubador Publishing Ltd p 124 ISBN 9781783064250 OCLC 879400627 More to Yates s Wine Lodges than just champagne on draught TheGuardian com 13 June 1977 Retrieved 26 August 2022 Yates in 1m wine deal morningadvertiser co uk Yates agrees to management buyout 9 June 2004 via news bbc co uk Laurel Pubs bought by Tchenguiz backed companies Yahoo Finance dead link restaurantonline co uk 22 June 2011 Stonegate and Town amp City pub companies merge restaurantonline co uk Retrieved 22 May 2023 More about Yates s your local bar restaurant Archived from the original on 17 September 2009 Retrieved 2 October 2009 Yates call time on brand name Manchester Evening News 19 June 2005 Retrieved 13 January 2022 Brands Halewood International Archived from the original on 2 December 2015 Retrieved 6 December 2015 External links editOfficial website archived nbsp Media related to Yates s Wine Lodge at Wikimedia Commons Retrieved from https en wikipedia org w index php title Yates 27s amp oldid 1177715039, wikipedia, wiki, book, books, library,
