Stonegate reveals £2m spending plan

By Matt Eley Matt

- Last updated on GMT

Related tags: Future, Alcoholic beverage, Stonegate

New pub company Stonegate has revealed that it is set to complete a £2m refurbishment programme in the first quarter of 2011. The work has seen 20...

New pub company Stonegate has revealed that it is set to complete a £2m refurbishment programme in the first quarter of 2011.

The work has seen 20 of the company's 333 pubs either converted or refurbished. This includes the rebranding of parts of the O'Neills chain into Stonegate's Irish chain Molloy's.

Stonegate's chairman Ian Payne said: "We are immensely proud of our achievements so far this year.

"It is testimony to the dedicated, hard working and highly enthusiastic team we have here, each person working to ensure we not only meet, but surpass our goals.

By providing our pub managers with the best possible environment we will meet and exceed our customers' expectations today, tomorrow and into the future."

The Stonegate Pub Company, backed by private investment firm TDR Capital, bought the sites from M&B in the summer for £373m. As well as some O'Neills outlets the deal also included the Scream bars, high street venues and community pubs.

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