The Competition Markets Authority (CMA) has passed the proposed acquisition of Ei Group by Stonegate Pub Company, after the pubcos satisfied the watchdog that a set number of pubs would be sold to avoid potential monopolies.
Ei Publican Partnerships is launching the ‘Cheer Up January’ initiative that will donate 100,000 free drinks to drive footfall and drink sales for publicans during the notoriously quiet post-Christmas period.
It’s been a tumultuous year in the pub trade on the acquisition front but the news that Stonegate was bidding for the much larger Ei Group still caught many by surprise. One of the leading architects of the deal Simon Longbottom reveals all.
Stating that it ‘does not necessarily’ agree with advice issued by the pubs code adjudicator (PCA), Ei Group has refunded tenants who experienced rent increases following the serving of an market-rent-only (MRO) notice.
Struggling pubs are something we read about on a regular basis, with many pointing the finger of blame at large pubcos, but one big company is doing the exact opposite and working hard to revitalise those operations and it would surprise many to know...