The chef with no name 24 January 2020 How James Cochran lost the rights to his own name, and his triumphant comeback with Islington restaurant 12:51
In this week's issue... The chef with no name How James Cochran lost the rights to his own name, and his triumphant comeback with Islington restaurant 12:51
Read More
Search

Mitchells & Butlers confirm private equity interest

25 April 2008
Mitchells & Butlers confirm private equity interest

Mitchells & Butlers (M&B) has confirmed it is in talks about selling a stake in the business to a private equity investor.

The announcement comes after rival Punch Taverns ruled itself out of a bid for M&B and said it would not sell its managed pub arm Spirit to the embattled All Bar One and O'Neill's operator.

M&B said its strategic review of the business, instigated after suffering from the loss of £274m on a joint property venture with tycoon Robert Tchenguiz, continued.

It added that it was however in talks with private equity investors about selling them a 29.9% stake in the business.

Early this month property tycoon Robert Tchenguiz was reported to be looking to sell his 23% holding in M&B.

Punch Taverns rules itself out of Mitchells & Butlers acquisition >>

Punch predicts a pick up in trade in the summer >>

Mitchells & Butlers takes market share from rivals as food sales climb >>

M&B forced to defend cash position >>

By Chris Druce

E-mail your comments to Chris Druce here.

The Caterer Blog Catch up with more news and gossip on the Caterer Blog here
Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!