Pubs to be sold by Punch Taverns have the backing of The Campaign for Real Ale (CAMRA), which will encourage NewRiver Retail to continue running the sites as going concerns.
An award-winning licensee of 20 years is questioning Punch Taverns’ motives for selling 158 “non-core” sites after her family pub was discarded by the pubco as a "going concern".
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.
Social and digital media support will be on hand for the first time at Punch’s 2015 Roadshows, which will take place across 10 destinations from the 17 September.
Punch Taverns is in talks to sell the 150-strong package of pubs it placed on the market earlier this year to NewRiver Retail, which specialises in the food and value sector according to the Sunday Times.
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 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.
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.
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 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 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.
Punch Taverns has responded to what it calls “unfounded claims” from its tenants, after it was accused in a number of evidence statements to the pubs code Bill.
Punch Taverns said its 2014 nationwide roadshow has been the most successful tour in their 11-year history, after more than 2,300 licensees attended the event.
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...
Damages have been awarded against Punch Taverns for breaches of its code of practice following the latest case to go through the Pubs Independent Conciliation & Arbitration Service (PICA-Service).
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.
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.
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 has finally completed its restructure, two years after the process began. The Publican's Morning Advertiser looks at the timeline of the plans.
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.
Punch Taverns has entered the “final stages” of its restructure process, with noteholders joining the shareholders in approving the proposals, which are now expected to be implemented on 13 October.
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 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.
