Let’s get rid of these
S&N is not the only leisure retailer willing to offload some of its pubs. Bass is also rumoured to be prepared to sell more about 1,000 of its 3,000 strong pub portfolio in order to concentrate on branded pub chains such as All Bar One, Harvester and Edward’s as well as its hotel chains such as Holiday Inn and Inter-Continental.
During the 48 weeks to 30 September, Bass said that there had been further polarisation between the branded pubs with profit growth of 10% and the poorer performing unbranded local pubs. Last but not least, Whitbread is expected to announce the disposal of up to 300 pubs when it releases its half-year results at the end of October..
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