Mitchells & Butlers (M&B) has recorded like-for-like sales growth of 2.7% in the past eight weeks versus 2019 since the end of its financial year, during which its like-for-likes dropped by 9.6%, impacted by Covid-related restrictions.
Pub company Mitchells & Butlers (M&B) currently has more than 1,700 sites across the restaurant and pub sector. Here, The Morning Advertiser takes a look back at how the business got to where it is today, through its merger and acquisition activity.
Mitchells & Butlers (M&B), the operator of managed restaurants and pubs including Harvester, Toby Carvery and Nicholson's, has revealed sales have been “volatile” since full reopening on Monday 17 May.
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’.
Birmingham-based pub operator Mitchells & Butlers (M&B) has revealed that it is considering an equity capital raise in a bid to increase “financial and operational flexibility” during England’s third national lockdown.
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.