Only eight licensees have taken up the market-rent-only (MRO) option across five of the six pubcos governed by the pubs code since it came into force in July 2016.
A licensee has complained to the chief executive of Punch pubco, claiming her personal property was “stolen” last month by the representatives of a debt collection firm used by Punch.
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.
