Mitchells & Butlers blames poor weather for August sales slump September 25, 2014 PUBS AND restaurants group Mitchells & Butlers reported a slight 0.6 per cent rise in like-for-like full-year sales yesterday in a trading update, due to mixed performance over the summer. Mitchells & Butlers, whose chains include Harvester and All Bar One, said sales in July were boosted by the World Cup, but that damp weather [...]
Mitchells & Butlers share price falls following damp August September 25, 2014 Mitchells & Butlers reported a 3.8 per cent increase in full-year sales in its pre-close trading statement for the year to 20 September, but added that sales were significantly lower in August than during the previous month. The pub and bar company, whose chains include Harvester and All Bar One, said sales in July [...]
Mitchells & Butlers pulls off £266m Orchid deal June 16, 2014 HARVESTER and All Bar One owner Mitchells & Butlers yesterday announced it has acquired rival pub operator Orchid Group for £266m in cash, in a deal that the firm expects will lead to a double digit boost to earnings. Orchid’s 173 pubs will join Mitchells & Butlers’ existing estate of 1,592 managed pubs and 52 [...]
Mitchells & Butlers nearing finish line in its bid to buy Orchid pubs May 29, 2014 A BEVY of All Bar Ones and Harvester pubs could soon be flooding the high street after owner Mitchells & Butlers announced it was nearing a deal to acquire a portfolio of pub sites from operator Orchid Group. M&B, which runs about 1,600 pubs and restaurants across the UK, said it was in exclusive talks [...]