Fuller’s acquires Lovely Pubs for £22.5m

A collection of seven impressive pubs in Warwickshire has been bought for £22.5m by the pubs and hotels business Fuller's.

Lovely Pubs, led by founder Paul Salisbury, has been built over the past three decades and is made up of six freeholds and one lease.

Fuller's says that the Lovely Pubs venues will continue to operate as they are, with the founders continuing to work with Fuller’s and all 260 team members retained with the acquisition.

"We are very careful when it comes to finding great sites to add to our iconic pub estate – and the Lovely Pubs business is a perfect match and a fantastic acquisition," says Fuller’s chief executive Simon Emeny. "It was established 30 years ago and is an excellent business with outstanding, well-invested sites offering delicious, fresh, locally sourced food, a great drinks range and a wonderful welcome.

"It adds scale to our presence within our geography and is a great next chapter in the Fuller’s story. This is a perfect opportunity to grow our Managed Pubs and Hotels estate."

The Lovely Pubs portfolio

The sites are The Orange Tree in Chadwick End, The Boot Inn at Lapworth, The Farm in Monkspath, Morton’s Kitchen in Dickens Heath, The Baraset Barn in Alveston (pictured), The Moat House Inn at Kings Coughton, and The Queen’s Head in Stoke Pound.

"We have spent the last 30 years building up a wonderful business – and we are delighted to be partnering with Fuller’s for the next stage in the Lovely Pubs journey," says Salisbury. "Our ethos, values and vision are very similar, and Fuller’s has the credentials and expertise to deliver further success for these seven fantastic pubs. We are looking forward to working with the Fuller’s team, and we know we have a lot to offer with our expertise in the local area. The similarities are obvious, and the opportunity is incredibly exciting."

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