More high profile pub failures predicted

26 March 2008 by
More high profile pub failures predicted

More pub group failures are likely as consumer spending on eating out continues to fall, a leading consultancy has warned.

A survey of 1,047 adults over the Mother's Day weekend (7-9 March) by Friary Marketing and Consulting Group (FMCG) found consumer expenditure on eating out had fallen 1.3% year-on-year, heaping pressure on the struggling pub sector.

David Humphries, director at FMCG, said: "I would not be surprised to find that one of bigger operators bites the dust. It is the pub end of the licensed trade that is really taking the brunt of it and they are facing difficult conditions at the moment."

Forecasts for a recover during Easter have been put in doubt due to the poor weather and early arrival this year of the religious festival.

Laurel Pub Company is thought to be poised to head into administration having closed 60 pubs to date, including 40 Yates's Wine Lodges.

Laurel puts 94 pubs up for sale >>

Administrators warn of further licensed trade failures >>

Soft drink sales continue to outperform alcohol >>
Industry blasts chancellor's alcohol tax rise >>

By Christopher Walton

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