Following the news that Punch chief executive Duncan Garrood has decided to leave the business, after Patron completed its deal to buy the group's pubs, The Morning Advertiser gets the inside track on why he isn’t staying for the transition period...
Heineken has said it will 'fully integrate' the 1,900 Punch pubs into its existing Star Pubs & Bars estate after completing the acquisition, as part of a back-to-back deal with Patron Capital, yesterday (29 August).
Pub-industry bodies have slammed a report from the pubs code adjudicator containing evidence that pub-owning businesses (POBs) are blocking tied tenants’ access to the market rent only option (MRO) and going against the spirit of the pubs code.
Pub-owning businesses (POBs) are blocking tied tenants’ access to the market rent only option (MRO) and going against the spirit of the pubs code, according to a report commissioned by the pubs code adjudicator’s office.
Retail standards of Star Pubs & Bars outlets have risen 10% in the past three years, with the gap between the highest and lowest scoring pubs smaller than ever, an independent audit has revealed.
The hot summer weather may be but a distant memory, but for many pubs the arrival of summer is hailed as the perfect opportunity to increase trade and footfall by hosting a beer festival.
Heineken is investing £4.6 million into a selection of its Star Pubs & Bars sites in the north-west, including £1.2m in the Liverpool area, as part of a £20m investment programme.
Heineken’s proposed acquisition of 1,900 Punch pubs “could reduce competition in 33 areas across Britain”, according to an initial investigation by the Competition and Markets Authority (CMA).
