Mitchells and Butlers to invest in food jobs
As the news breaks that food and drink chain Mitchells & Butlers (M&B) is to sell off more than 300 pubs and drink-led outlets, the company has revealed that it intends to focus more on food in the future.
M&B is offloading:
• 52 bars from their student-focused Scream chain
• 71 music and late night entertainment venues
• 67 community pubs
• 75 town centre pubs
• 68 smaller outlets
All of these businesses have been bought by TDR Capital, a private equity firm, for a reported £373 million.
Focus on food
Mitchell & Butlers is now planning to invest heavily in their food brands, which is good news for food job workers at Toby Carvery, All Bar One, Vintage Inn, Crown Carveries, Sizzling Pub Co. and Harvester outlets. As well as planning to open high street, retail and leisure park variants of these outlets, M&B is also investing heavily in marketing campaigns to promote their food brands.
M&B believes that there is more opportunity for growth in food, especially after setbacks such as the recession, the smoking ban and the duty increase on alcohol hit the drinks-led market hard.
M&B is offloading:
• 52 bars from their student-focused Scream chain
• 71 music and late night entertainment venues
• 67 community pubs
• 75 town centre pubs
• 68 smaller outlets
All of these businesses have been bought by TDR Capital, a private equity firm, for a reported £373 million.
Focus on food
Mitchell & Butlers is now planning to invest heavily in their food brands, which is good news for food job workers at Toby Carvery, All Bar One, Vintage Inn, Crown Carveries, Sizzling Pub Co. and Harvester outlets. As well as planning to open high street, retail and leisure park variants of these outlets, M&B is also investing heavily in marketing campaigns to promote their food brands.
M&B believes that there is more opportunity for growth in food, especially after setbacks such as the recession, the smoking ban and the duty increase on alcohol hit the drinks-led market hard.
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