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News Article Comments : Enterprise toughens line on buying out
Enterprise Inns chief executive Ted Tuppen has claimed that a tougher line over buying out has led to an increase in closed pubs and pubs where licensees are awaiting eviction — the figure stands at around 200 pubs.
He described buying out of tie as the equivalent of stealing. Tuppen said: “We’re taking no truck with those who deliberately breach the terms of their agreement. They risk gaining Robin Hood status. But if licensees breach their supply terms, they’re stealing from us.”
Tuppen added that the company gave licensees one chance to repay what they owe if they’re caught buying out, then they’re thrown out if they continue.
The company reported in its trading statement: ”Whilst the majority of licensees comply with the terms of their agreements and work closely with the Enterprise team to develop trade and improve profitability, there are some who fail to meet agreed payment terms or who blatantly and consistently breach their obligations under the tie.
“We take a straig
17 Posts(s) found for this thread: Now displaying page 2 of 2
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brian clarke 19/11/2008 17:12:38 |
RE: Enterprise toughens line on buying out sorry to tell you but imported labour does get a guaranteed wage and no more than 48 hrs, not like you! This post replies to DAVID COOMBS > RE: Enterprise toughens line on buying out |
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| DAVID COOMBS 19/11/2008 21:29:26 |
RE: Enterprise toughens line on buying out Brian I was forgetting that. Out of the 365 days a year we open (366 piled on us every 4 years) we dont even have time to be ill, I was in bed today with a stomach bug and was summoned out to go and borrow a barrel of Fosters from another Pubco pub as we had run out. I expect at the same time TT was quaffing a Chateau 1928 with his evening meal complaining about a bad day at the office ! I couldn't be a***d to tell my pubco I had borrowed as they would probably launch a major probe and enrol me in fortune telling school ! edited by: DAVID COOMBS at: 19/11/2008 21:30:53 This post replies to brian clarke > RE: Enterprise toughens line on buying out |
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David Morgan 21/11/2008 06:42:02  |
RE: Enterprise toughens line on buying out The tag line "if licensees breach their supply term,they are stealing from us " reminded me of a true story of one of my bank managers many years ago.He had the attitude that if you exceeded your overdraft you were stealing from the bank,and should be severely chastised,once saying that a good thrashing never did him any harm.Some time later he took to taking off his clothes in banking hours and eventually became totally barking,foaming at the mouth and all that stuff.He was quickly pensioned off on disability grounds. Now I'm not saying that this is remotely similar in any way or discription to the original tag line,definitely not.It was only that the stealing analogy brought back memories !! This post replies to DAVID COOMBS > RE: Enterprise toughens line on buying out |
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| DAVID COOMBS 21/11/2008 09:33:45 |
RE: Enterprise toughens line on buying out Could someone please tell me how to change my id from Forum User 4104 to my name which is Dave Coombs. Thanks This post replies to David Morgan > RE: Enterprise toughens line on buying out |
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| Peter Eveleigh 21/11/2008 11:13:23 |
RE: Enterprise toughens line on buying out David, I take it you (and many others)will be having scouts out in the square mile to check whether there are any pubco CEOs running about improperly dressed !! ! (yet) This post replies to David Morgan > RE: Enterprise toughens line on buying out |
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| Ewan Turney 21/11/2008 11:53:45 |
RE: Enterprise toughens line on buying out Dave, go to My Account at top left of screen and go to edit my forum profile and avatar and make sure your name is inputted there. Thanks Ewan This post replies to DAVID COOMBS > RE: Enterprise toughens line on buying out |
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| DAVID COOMBS 21/11/2008 19:48:35 |
RE: Enterprise toughens line on buying out Ewan Many Thanks This post replies to Ewan Turney > RE: Enterprise toughens line on buying out |
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