Tue, 04 May 2010 | DIVISION SALE
Harvester and All Bar One owner, Mitchells and Butlers, has appointed advisers to assist in the sale of about 300 wet-led pubs, which could raise a total of £500m for the group.
It is believed that Sapient Corporate Finance, an advisory firm that specialises in deals with pubs and restaurant businesses, has been brought in to seek a buyer for the portfolio of public houses.
The wet-led establishments for sale have been said to include the student bar Scream and its Community Pubs and Town Pubs chains.
The move would allow the group to focus on its six food-led brands, including Toby Carvery, Harvester and All Bar One.
Mitchells and Butlers revealed its plans after a 55-day review: "We will grow our food-led mid-market brands. We want to develop smaller footprint high street variants of Harvester and Toby Carvery. We want to open new outlets in leisure parks and other high traffic locations such as retail parks with good car parking."
The Harvester brand could expand from 171 outlets up to 400, say the group, and Toby Carvery could increase from 133 to 300.
A well established premium eyewear designer and manufacturer operating throughout the UK and overseas.
A turnkey freehold hotel, restaurant and wine bar business opportunity located in Jedburgh; a pretty town in the Scottish Borders with a high concentration of attractions within small parameters
LEASEHOLD
Represent a West Midland based specialist printing services company seeking an industry savvy acquirer, or an interested newcomer.
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Occupational health service provider secures PE backing for acquisitions | BUSINESS NEWS
A Hull-headquartered provider of occupational health service...
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Surrey fit-out firm files administration notice | ADMINISTRATION
A major fit-out firm based in Surrey has filed a notice of i...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.