Good Drinks revenue has grown 80 per cent on this time last year but the Single Fin brewer is anticipating reduced spending on liquor over the next 18 months.
The operators behind Amplifier bar and Magnet House have flagged a major overhaul of Print Hall, after buying the Brookfield Place venue from Colonial Leisure Group.
A company linked to Hong Kong’s richest person has emerged as the buyer of a major vineyard in the Margaret River region, its fifth local purchase in recent years totalling $25 million.
The cost of two striking wine properties in the state has been revealed, with Brookland Valley Estate and a tucked away Gunyulgup vineyard property each fetching $6.5 million or more.
The owners and operators of Lucky Chan's and Dutch Trading Co have set their eyes on a vacant Northbridge building for their next multi-level hospitality venture.
The Claremont Hotel is set to open in early January after nearly three years of closure, with the $12 million refurbished bar becoming Australian Venue Co's largest WA asset.
Good Drinks Australia is banking on increased revenue streams in a bid to reach a new EBITDA target of between $25 million and $30 million in the next three years.
Australian Venue Co is progressing on the $12 million refurbishment of the Claremont Hotel, preparing to reopen the tavern after more than two years of closure.
A Melbourne-based hospitality outfit has acquired Varsity Group and its eight sports and burger bars, while committing to invest a further $20 million in WA over the next three years.
Western Australia’s largest brewer has expanded its presence in Victoria and doubled the number of venues it owns with the purchase of Stomping Ground in a deal valued at around $10 million.
Western Australia’s largest winemaker has acquired Accolade Wines’ Nannup facility where it will produce the company’s Houghton and Brookland Valley labels.
