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.
Punch Taverns noteholders have voted overwhelmingly in favour of requests by the pub company to waive its covenants that would otherwise put the firm in default, as part of the restructure of its £2.3bn debt.
Punch Taverns has been found to have committed technical breaches of its code of practice in the latest case to go through the Pubs Independent Conciliation & Arbitration Service (PICA-Service).
Punch tenants are still concerned about the future of their pubs, despite bondholders last week voting in favour of the pubco’s restructuring proposals.
Punch Taverns has re-launched its tenants training programme, after claiming new licensees often “underestimate” the expertise they need to run a successful pub.
A publican facing eviction has asked Punch Taverns to offer him and other struggling licensees the same debt waiver the company requested from noteholders.
Punch Taverns has this morning published details of revised restructuring terms, which differ in a number of ways from the terms of the restructuring launched by the company in January, including a debt for equity swap that would see bondholders take...
Talks regarding the restructuring of Punch Taverns are set to continue after the pub company announced this morning that its bondholders had voted in favour of waiving covenants that would otherwise have placed the company in default.
