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England's football failure will boost food venues

23 November 2007 by

Food-led pubs and restaurants will be boosted by England failing to qualify for Euro 2008, analysts have predicted.

Although the British Beer & Pub Association yesterday estimated that pubs broadly would miss out on between £80m - £100m with no England matches next summer, food-led businesses will be pleased by the result, according to JPMorgan

James Ainley, analyst at the investment bank, told the Financial Times: "It's always difficult with these events to know how much of an impact it will have on trading but there are the obvious winners.

"Food-led pubs and restaurants would have lost out if England had got through, so they will be pleased with the result and nightclubs will also benefit."

Mitchells & Butlers, JD Wetherspoon and Whitbread have been identified as expected beneficiaries of England's failure, along with casual dining chains Carluccio's, Clapham House, Individual Restaurant Company and The Restaurant Group.

UK pub sector to lose £80m-plus after England fails to qualify for Euro 2008 >>

Publicans pray for English success in the World Cup >>
Fall in customer spends will hit Regent Inns' performance >>

By Daniel Thomas

E-mail your comments to Daniel Thomas](mailto:Daniel.Thomas@rbi.co.uk?subject=England's football failure will boost food venues) here.

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