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).
