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.
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”.
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.
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.
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.
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.
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.
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.
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...
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.
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.
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.
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.
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.
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.
"Is it me, or has everybody gone mad?" The sage words of Brian Potter, the fictional owner/operator of the Phoenix Club, sprang to mind as I digested...
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.
