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’.
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.
Birmingham-based pub operator Mitchells & Butlers (M&B) has announced plans to raise £350m through an open share offer to help it cope with the effects of the latest Covid-19 lockdown.
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.
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.
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.
All Bar One owner Mitchells & Butlers (M&B) has reported a £121m pre-tax loss for the six months to 11 April as it readies 90% of its sites for post-lockdown trade in July.
Birmingham-based pub operator Mitchells & Butlers (M&B) has secured £100m as part of the Coronavirus Large Business Interruption Loan Scheme (CLBILS) – safeguarding approximately 45,000 jobs in the process.
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.
