Mitchells & Butlers

Richards rejects M&B role

Richards rejects M&B role

By Mark Wingett, M&C Report

Steve Richards, chief executive of Novus Leisure, is reported to have rejected a possible move to Mitchells & Butlers (M&B) amid private equity interest in the bars and clubs operator.

M&B festive sales up

M&B festive sales up

By John Harrington

Mitchells & Butlers (M&B), the managed pub operator, has reported a 6.5% rise in like-for-like sales in the nine weeks to 21 January, aided by improved weather over the Christmas period, although trading in January has been “more subdued”.

M&B opens landmark Toby/Harvester sites

M&B opens landmark Toby/Harvester sites

By Mark Wingett

Mitchells & Butlers (M&B) has opened the first dual-branded and combined sites under its Harvester and Toby Carvery brands and is set to launch its first Toby Sandwich Express unit.

Lewis ups stake in M&B again

Lewis ups stake in M&B again

By Mark Wingett

Joe Lewis, the largest shareholder in Mitchells & Butlers (M&B), has upped his stake in the managed pub operator for the second time in a week, further fuelling speculation that he will mount a further bid for the company next year.

Lewis ups M&B stake

Lewis ups M&B stake

By Mark Wingett

Joe Lewis, the largest shareholder in Mitchells & Butlers (M&B), has upped his stake in the managed pub operator, fuelling speculation that he could make a further bid for the company next year.

Key operational figures leave Mitchells & Butlers

Key operational figures leave Mitchells & Butlers

By Mark Wingett

Mitchells & Butlers has announced that three leading members of its operational team are to leave the company as part of plans to simplify its organisational structure under the leadership of Bob Ivell.

Ivell: in charge at M&B

M&B confirms Ivell as chair; Blood steps down

By Mark Wingett, M&C Report

Mitchells & Butlers (M&B) has confirmed that industry veteran Bob Ivell will take on the role of its executive chairman with immediate effect.

Wheel deal: part of the new name derives from tuk-tuks

M&B names new concept TUK CHO

By Mark Wingett

Mitchells & Butlers’ (M&B) new South-East Asian cuisine concept will be called TUK CHO, with a first restaurant under the brand set to open in Ealing, west London, in December.

Withdrawal: Piedmont backs out of M&B deal

Piedmont withdraws interest in M&B

Piedmont, the investment vehicle of Bahamas billionaire Joe Lewis, has withdrawn its interest in Mitchells & Butlers (M&B), the managed pub operator.

Stonegate hails TDR for M&B pubs deal

Stonegate hails TDR for M&B pubs deal

By Adam Pescod

Stonegate Pub Company chairman Ian Payne revealed his private-equity backer TDR Capital funded the £370m acquisition of 333 Mitchells & Butlers (M&B) wet-led pubs entirely from its own resources after major banks had proved unforthcoming.

M&B: subject to takeover speculation

M&B: The case for Joe Lewis

By The PMA Team

Everybody has a view on Bahaman billionaire Joe Lewis and his tenure on the share register of M&B. Last Thursday, at an Association of Licensed Multiple Retailers debate in Cambridge, former Novus chairman John Barnes was to be found among those not...

M&B: subject to takeover talks

Lewis defends his position on M&B

By The PMA Team

Billionaire Mitchells & Butlers (M&B) shareholder Joe Lewis has rebutted claims made in the Publican’s Morning Advertiser (PMA) leader last week, written by group editor The PMA Team, that claimed he is exerting a negative influence on the company.

M&B: takeover target

M&B reports 34th consecutive quarter of growth

By Ewan Turney

Managed pub operator Mitchells & Butlers (M&B) — a takeover target for Bermudan billionaire Joe Lewis — has reported its 34th consecutive quarter of like-for-like growth.

Nicholson's: question mark over the brand

M&B ‘may sell off brands to cut debt’

By The PMA Team

Well-placed industry sources suggest that Mitchells & Butlers (M&B) may sell one or two key brands to reduce debt if Piedmont, the Joe Lewis investment vehicle, succeeds in taking the company private.

Charity: concern of wider impact of M&B purchase

Lewis’s move on M&B should worry all of us

By The PMA Team

My money is on Mitchells & Butlers (M&B) being taken private some time very soon. Billionaire trader Joe Lewis has been exerting ever greater control on the company for some time.

M&B: deadline set for Piedmont

M&B issues 'put-up or shut-up' deadline

By Ewan Turney

Mitchells & Butlers (M&B) has set a “put up or shut up” deadline of 5pm on 17 October for Bermudan billionaire Joe Lewis’s Piedmont investment vehicle to make a firm bid for the company.

M&B: called on investors to reject the offer on the basis that 230p “significantly undervalues the company”

Lewis tries to buy M&B ‘on the cheap’

By The PMA Team

The Bermudan billionaire Joe Lewis has been accused of trying to buy Mitchells & Butlers on the cheap after indicating that his Piedmont investment vehicle is thinking about tabling a 230p bid for the 77% of the company he does not own.

Catering for kids: Mitchells & Butlers

M&B's new kids' menu

By Lesley Foottit

M&B brand Toby Carvery is positioning itself as more family friendly with the launch of a children's menu and meal offer, games and activities.

M&B: no announcement on new chief executive

M&B sales growth slows

By Mark Wingett, M&C Report

Mitchells & Butlers, the UK's leading managed pub operator, has reported a slowdown in like-for-like sales.

Wagamama: Ex-chef joins Mitchells & Butlers

M&B recruits ex-Wagamama chef

By The PMA Team & Mark Wingett

Mitchells & Butlers (M&B) has recruited the former executive chef of Wagamama and Tampopo to explore the pan-Asian food opportunity.

The Engineer: loved by its local clientele and famed across London

A potential own goal for M&B

By Pete Brown

Mitchells & Butlers' plan to turn the popular Engineer pub into a managed outlet could be disastrous for all, writes Pete Brown.

Barker: growing business

Mitchells' barrelage rise

By Tony Halstead

Pub operator Mitchells of Lancaster says weekly production volumes at York Brewery have increased 58% since it was taken over by the company three...

Ivell: vast experience in the pub sector

Bob Ivell joins M&B as a non-exec director

By John Harrington, M&C Report

Industry veteran Bob Ivell has been appointed non-executive director of managed pub and restaurant operator Mitchells & Butlers (M&B) with...

M&B: changes at Ember Inns

Pinegar nets new position with M&B

By Mark Wingett, M&C Report

Nigel Pinegar, formerly of Paramount Restaurants, has joined Mitchells & Butlers as an operations development manager for Ember Inns.

Harvester: new venue at O2

Harvester opens at O2 Arena

By Jo Bruce

Mitchells & Butlers (M&B) has opened a 140-cover Harvester site at London's O2 Arena in the Entertainment Avenue.

Crown Carvery: breakfast offer

M&B rolls out Crown Carvery breakfast buffet

By Lorraine Helller, Big Hospitality

M&B is rolling out a self-service buffet breakfast across its Crown Carveries estate, following a successful three-month trial. Over 90 Crown...

Food out of home: it is now the main driver of consumer occassions

M&B: Opportunity to grow market share

By The PMA Team

Food is increasingly the main driver of out-of-home occasions and there is plenty of market share for pubs to capture. That was the message from...

Ember Inns: new format

New foodier format for Ember Inns

By Jo Bruce

Mitchells & Butlers has launched Ember Pub & Dining. The new format moves Ember's traditional pub offer to a more premium food and family...

Fowle: leaving M&B

M&B boss Fowle to leave

By Mark Wingett, M&C Report

Mitchells & Butlers (M&B), Britain's biggest managed pub and restaurant operator, has announced that chief executive Adam Fowle is to leave the company by mutual consent after a period of two years in the post.

M&B: opening a Browns next month

M&B's Browns in Victoria

By The PMA Team

The Ha Ha Bar & Grill venue in Victoria will re-open as a Browns on 15 April. The venue, now owned by M&B, closes today for refurbishment.

Iphone App: making it easier to find Vintage Inns sites

M&B launches Vintage Inns app

By Mark Wingett, M&C Report

Mitchells & Butlers has launched an iPhone app that will show the location of its Vintage Inns.

M&B: new chairman

Burke to replace Lovering at M&B

By M&C Report

Mitchells & Butlers, the pub and restaurant operator, has announced the appointment of Simon Burke as its new non-executive chairman. He...

Harvester: breakfast trials

M&B to expand Harvester breakfast trial

By The PMA Team

M&B, the managed pub and casual dining operator, is to expand a breakfast trial at its Harvester brand, which has around 176 sites.

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