Mitchells & Butlers

Covid impact: 'With the support of our main stakeholders, we are now well placed to emerge in a strong competitive position and look forward to the removal of remaining trading restrictions,' M&B's Phil Urban explained

M&B suffers £200m loss as pandemic restrictions bite

By Stuart Stone

Despite takings tumbling by 79% during the six months to 10 April, the CEO of the firm behind Toby Carvery and All Bar One believes it can emerge from pandemic restrictions in a ‘strong competitive position’.

Capital raise: Mitchells & Butlers has secured gross proceeds of £350.5m from shareholders as it bids to weather to Covid-19 pandemic

M&B completes £350m fundraise

By Stuart Stone

Toby Carvery and All Bar One operator Mitchells & Butlers (M&B) has secured gross proceeds of £350.5m from shareholders as it bids to weather to Covid-19 pandemic.

Uncertain and challenging year: 'With our great estate, balanced portfolio of brands and proven management team, we remain optimistic that we will be able to regain the momentum previously built', M&B's Phil Urban explained

M&B posts pre-tax loss as 1,300 workers made redundant

By Stuart Stone

Birmingham-based pub group Mitchells & Butlers (M&B) has revealed a £300m swing from pre-tax profit to loss in the 52 weeks ended 26 September 2020 – a period in which it was forced to axe 1,300 staff members.

Closed venues: the sites are a mix of Mitchells & Butlers brands, The Morning Advertiser understands

M&B to close ‘a number of sites’

By Nikkie Thatcher

The operator of brands such as All Bar One, Sizzling Pubs and Toby Carvery, Mitchells & Butlers (M&B), is closing a number of leasehold sites.

How much rent are pub companies charging in lockdown?

Pub companies announce lockdown rent plans

By Emily Hawkins

Pub companies including Greene King and Stonegate Pub Company have confirmed rent reductions for tenants to 10% for the second lockdown period.

Job losses: M&B is the latest pub group to reveal it is consulting on redundancies

M&B announces redundancy consultation

By Nikkie Thatcher

Mitchells & Butlers (M&B), the pub company behind brands including Sizzling Pubs, Toby Carvery, All Bar One and Nicholson’s, has opened redundancy consultations for staff.

New normal: 'I am particularly impressed by the way in which our teams have made this possible by responding to the challenge of our new operating environment with energy and enthusiasm,' M&B's Phil Urban said

M&B sales slip 6.4% post-EOTHO

By Stuart Stone

Birmingham-based pub group Mitchells & Butlers (M&B) has revealed its like-for-like sales for the first three weeks of September are down versus its Eat Out to Help Out boosted August numbers.

Cost-cutting measures: M&B believes its strategy will be ‘sufficient to fund obligations well into the second half of the year’

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M&B furloughs more than 45,000 staff members

By Stuart Stone

The operator behind high street stalwarts O’Neill’s and All Bar One has furloughed 99% of its workforce in a bid to weather the ongoing Covid-19 crisis.

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