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Fortune
Fortune
Prarthana Prakash

Surge pricing but for drinking—one of the U.K.'s largest pub owners is hiking prices on evenings and weekends

people cheers-ing to pints of beer (Credit: FilippoBacci—Getty Images)

British pubs are facing desperate times. Some of them have succumbed to rising costs, while others are trying to battle it by opting for a cab-share-like model of hiking drink prices during the busiest hours to offset costs.

Stonegate Group, which owns the likes of Slug and Lettuce and Craft Union, has introduced a "dynamic pricing" model on drinks during the evenings and weekends, The Telegraph reported Monday. It's Britain's biggest pub group with about 4,500 venues peppered across the country, some of which have remained popular and made money for the company even in the most trying of times.

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