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Punch Taverns puts Old Orleans restaurant chain up for sale

21 April 2006

Pub company Punch Taverns has put the Old Orleans restaurant chain up for sale, according to The Telegraph.

Old Orleans was acquired as part of Punch Taverns £2.68b takeover of Spirit Group last year.

The report says the sale of the chain, which takes its menu inspiration and theme from New Orleans' French Quarter, is expected to raise £20m to £30m.

Boutique corporate finance house McQueen is thought to be handling the sale.

A spokesman for Punch declined to comment.

Punch set to make £500m >>

No rush to open all hours >>

Punch buys package of five pubs >>

Karen Jones leaves Spirit Group >>

Punch Taverns completes Spirit purchase >>

By Chris Druce

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