Punch Pubs & Co

Punch agrees £53.5m disposal to NewRiver

City news

Punch agrees £53.5m disposal to NewRiver

By MC Allegra FS

Punch Taverns has this morning confirmed it has agreed to sell a package of 158 non-core pubs to NewRiver Retail, the UK REIT that specialises in the food and value sector, for £53.5m.

Andy Slee is leaving Punch after five years

People News

Andy Slee departs Punch Taverns

By James Wallin, M&C Allegra Foodservice

Punch Taverns has announced that external affairs and central operations director Andy Slee is leaving after almost five years with the company.

Punch Taverns half-year profits

Operator news

Punch delivers profits

By James Wallin, M&C Report

Punch Taverns has reported a 0.5% rise in like-for-like income in its core estate for the 28 weeks to 7 March 2015 and EBITDA down from £108m for the period last year to £105m this year.

Punch is running a promotion this Spring with Carling and Carlsberg

Punch set to launch free pint promotion

By Mike Berry

Punch Taverns has teamed up with lager brands Carlsberg and Carling on a nationwide promotion giving drinkers the chance to enjoy a free pint in Punch pubs.

Jocelyn Neve of Seafood Pub Co wins best dressed lady at the Publican Awards

Publican Awards: Sky GlamCam

By James Evison

Last night saw the annual Publican Awards at the Grosvenor House Hotel in Mayfair. As part of the event, PMA undertook a competition for the most glamorous male and female of the night. 

Duncan Garrood will join Punch later this year

Punch Taverns announces new chief executive

By James Wallin, M&C Report

Punch Taverns has appointed Duncan Garrood, former president of food at international franchise operator MH Alshaya, as its new chief executive.

Robert Glenn said Punch’s partnership agreement with tenants should include “sharing the loss equally”

Tenant slams Punch for lack of support

By Ellie Bothwell

A Punch Taverns tenant has hit out at the lack of support from the pub company six months after his outlet was named Best Partnership Pub in the North West at the Great British Pub Awards.

Punch is also looking to further roll out Champs, its four-strong highstreet sports bar concept

Punch plans to expand Mighty Local model

By Mark Wingett, M&C Report

Punch Taverns believes there is potential to convert “hundreds” of its sites — both across its core and turnaround estate — to its fledgling wet-led community local model, Mighty Local, subject to clarity on the market rent only option (MRO), the Publican's...

Punch said it will pay tenants its share of the rebate as well as interest on both shares

Punch gives guidance to tenants on HMRC machine tax rebates

By Ellie Bothwell

Punch Taverns has reiterated its position regarding the “several hundred million pounds” collectively owed by pub operators in “overpaid” tax rebates, following more letters sent by HM Revenue & Customs to tenants.

Stephen Billingham stressed that with the restructure completed Punch was fully focused on 'transforming to a higher quality estate'

Punch abandons focus on food revenue

By James Wallin, M&C Report

Punch Taverns executive chairman Stephen Billingham said the company has abandoned its target of food sales making up 35% of its tenants’ revenue.

Punch Taverns sais it was making steady progress as it delivered its full-year results

Full-year net income up 1.3% at Punch

By Mark Wingett, M&C Report

Punch Taverns has this morning reported a 1.3% rise in like-for-like net income across its 2,925-strong core estate – which marks five consecutive quarters of growth, and said it could now focus on improving its business through investment in its pubs...

Punch's Champs format is now at five sites

Punch Taverns rolls out two new formats

By James Wallin, M&C Report

Punch Taverns is rolling out two new retail formats, which it says will allow it to “become more involved with the running of some sites”.

Jeffrey Bell:

Punch Taverns and the pubco tie - my experience

By Jeffrey Bell

One of the things I was always cagey about when writing about the Gunmakers back in 2009 (the year I became licensee) was the pub's 'tie' to Punch Taverns, writes Jeffrey Bell.

Last fortnight Enterprise said it will have 10 directly managed sites by mid-November, to join its original managed offer, the St James of Bermondsey in south London

Admiral and Punch rule out managed route

By Ellie Bothwell

Punch Taverns and Admiral Taverns have both ruled out introducing managed divisions alongside their leased and tenanted estates, the Publican’s Morning Advertiser (PMA) can reveal.

Andy Slee: 'In many ways the tenants won’t see any change. It will be business as usual'

Punch tenants say pubco 'must change'

By Ellie Bothwell

Punch Taverns bosses have reiterated that it is “business as usual” following the long-awaited completion of its financial restructuring, despite demands for a corresponding rebalancing of its relationship with tenants.

Punch Taverns' restructure has finally been completed after months of uncertainty

Punch Taverns restructure: a timeline

By James Evison

Punch Taverns has finally completed its restructure, two years after the process began. The Publican's Morning Advertiser looks at the timeline of the plans.

Punch executive chairman Stephen Billingham with Vassallo and Griffiths

Punch names its operator of the year

By Ellie Bothwell

Punch Taverns has named John Vassallo, partnership development manager for North London, as its Operator of the Year.

Punch Taverns is looking for a new chief executive

Griffiths in the frame as hunt for new Punch CEO begins

By John Harrington, M&C Report

Punch Taverns chief operating officer Neil Griffiths is a “strong candidate” for the role of chief executive, and the group would look at candidates with retail skills from inside and outside the pub sector, executive chairman Stephen Billingham has said.

If all requisite approvals are obtained, the restructure proposals are expected to become effective on 8 October

Punch restructure edges closer

By John Harrington, M&C Report

Punch Taverns’ restructure has edged closer after more creditors gave their backing to its proposals.

The programme offers licensees the potential of a £1,500 Government grant towards employing an apprentice

Punch pubs embrace apprenticeships

By John Harrington, M&C Report

A total of 180 Punch Taverns pubs have got involved in the company’s apprenticeship programme, with 42 licensees having taken on new apprentices, the group has said.

Punch Taverns has launched its long-awaited financial restructure

Punch launches proposed debt restructure

By John Harrington, M&C Report

Punch Taverns has announced the launch of its restructure, which had been delayed from last Monday, saying that its new structure is set to be in place from 8 October subject to approval from creditors.

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