Punch will change its delivery service ahead of its proposed takeover by Heineken and Patron Capital, following current distributor Carlsberg’s announcement to withdraw its UK delivery service.
Heineken's proposed purchase of 1,900 Punch pubs has for the second time had its investigation by The Competition and Markets Authority (CMA) extended.
Punch has praised tenants from the company’s Mercury division in the north of England and Wales in a special awards ceremony to celebrate top performance.
Heineken’s proposal to take over 1,900 Punch pubs received a morale boost as licensees from its tenanted-arm Star Pubs & Bars voiced support for the deal.
Pubco Punch has hosted a free carvery for residents and carers at its pub the Blacksmiths Arms, in Burton-upon-Trent, as part of an ongoing initiative to give something back to the local community.
Punch shareholders have overwhelmingly backed the Patron/Heineken bid to acquire the company in a deal valuing the UK’s second biggest pub company at £1.8bn.
Heineken’s proposed deal to buy 1,900 Punch pubs will not act as an immediate blanket trigger for all the tenants to be able to request the market-rent-only (MRO) option, according to a letter from the pubs code adjudicator's (PCA) office.
The Campaign for Real Ale (CAMRA) has called on pub giant Heineken for assurances on the affect the takeover of 1,900 Punch pubs would have on its members.
Heineken is now the only remaining bidder for a portfolio of 1,900 Punch pubs after rival bidder Emerald Investment confirmed that it would not pursue its bid further.
The industry has raised questions over the identity of a person behind a blog that is campaigning against Heineken’s proposed takeover of Punch Taverns.
The Punch Tenant Network (PTN), the campaign group representing Punch licensees, has called on the pubs code adjudicator (PCA) to clarify the position if Heineken’s bid for the pub company is successful.
The Scottish Licensed Trade Association (SLTA) claimed Heineken was trying to “dismiss concerns” regarding the ongoing bid between the Dutch company and Punch Taverns.
Punch Taverns has agreed to give Brighton’s “only alternative” site a new five-year lease after fears that the venue could have been converted into part of a pub chain.
Punch CEO Duncan Garrood has said that following the pubs code and Brexit paving the way for change in 2016, next year will also bring change and opportunity.
Heineken has moved one step closer to acquiring the lions share of Punch Taverns' pub estate, after three of the pubco’s top shareholders gave their support.
Punch CEO Duncan Garrood has defended the negative impact on the pubco’s letting activity following the release of its figures for the first half of the financial year.
Punch has revealed 40 licensees have asked what the difference in costs would be if they decided to take the market rent-only option (MRO) since the pubs code came into force in July.
Pubco Punch has been touring the country with roadshows offering its licensees resources, offers and support for their businesses along with seminars on the pubs code.
One thing that never changes in the British pub market is the constant changes. Not only are there the usual internal industry challenges, from changing legislation to mergers and acquisitions, but influential external factors, from the rise of casual-dining...
Punch has released its figures for the 52-week financial year, which show positive growth, and hopes to issue its full year results for the same timeframe on 8 November this year.
