All Pubs articles – Page 400
-
News
Blackstone and CVC to bid for M&B
Blackstone and CVC, two of the biggest names in private equity, are understood to be working in concert on a bid for Mitchells & Butlers (M&B), the pub and casual dining group.It is thought that proposal would see M&B shareholders, which include Robert Tchenguiz’s R20 group, retain a stake of ...
-
Weekend Press
Punch shareholders in M&B mutiny
Mitchells & Butlers has agreed to look at Punch Taverns’ merger proposals under which both companies’ shareholders would hold 50% of the enlarged pubs group. But Punch shareholders have warned they will vote against any deal if it dilutes their stakes. They claim that Punch will hand over £175m in ...
-
News
Robinson's exits managed pub model
Frederic Robinson, the Stockport-based brewer and pub operator, is to exit the managed house model because of rising costs and a lack of scale. The business, which has around 400 pubs, will transfer its remaining eight managed pubs into its tenanted arm.William Robinson, tied-trade director, said: “You really need at ...
-
News
Punch rubbishes R20 property deal talk
Punch Taverns has dismissed suggestions that it might agree a property deal with Robert Tchenguiz’s R20 as the price for securing the entrepreneur’s support for its proposed £11bn merger with Mitchells & Butlers (M&B).Tchenguiz, who has a 23% stake in M&B, had been in negotiations with the group over a ...