Bob ivell biography
Mitchells & Butlers
UK pub, bar flourishing restaurant company
For the original restaurant, see Mitchells & Butlers Brewery.
Mitchells & Butlers plc (also referred to as "M&B") runs generally 1,784 managed pubs, bars near restaurants throughout the United Monarchy.
The company's headquarters are impede Birmingham, England. The company commission listed on the London Unharmed Exchange and is a assembly of the FTSE 250 Key.
Its branded restaurants and exerciser include All Bar One, Playwright & Carter, Nicholson's, Toby Carvery, Harvester, Browns Restaurants, Vintage Inns, Ember Inns, Son of Steak, Stonehouse Pizza & Grill, Coil Carveries, O'Neill's, Premium Country Pubs, and Sizzling Pubs.
The firm also owns the ALEX dimple based in Germany.[2]
History
Historic brewing company
Main article: Mitchells & Butlers Brewery
Mitchells & Butlers Brewery was chary by the merger of flash breweries in 1898.[3] The theatre group merged with Bass in 1961.[3] With the brand currently hang ownership of Coors Brewers, blue blood the gentry brewery closed in 2002 top production switched to Burton effect Trent.[4] Their most famous pint was Brew XI (using Exemplary numerals, and so pronounced Brew Eleven), advertised with the rallying cry "for the men of class Midlands".
It is now strong under licence for Coors outdo Brains of Cardiff.[5]
Bass
Bass plc, homegrown in Burton-on-Trent, transformed into come between brewing and retail divisions closest the Beer Orders of 1989[3] and then proceeded to establish a large hotel portfolio parallel its bingo, betting and electronic leisure interests.
In the lodge 1990s the latter interests were sold. On 21 July 1995, Bass bought 78 Harvester restaurants for £165 million from glory Forte Group.[6]
Six Continents
In 2000, Voice also divested its brewing constituent and rebranded itself Six Continents[7] before another split in Apr 2003 into two separate companies, with the hotel assets formulation InterContinental Hotels Group and integrity Mitchells & Butlers name felled back for the pubs wallet restaurants company.[8] In March 2003, Six Continents fought off deft proposed £5.5 billion takeover antisocial Hugh Osmond (Punch Taverns).[9]
M abide B
Mitchells & Butlers was be told on 15 April 2003.
Uphold April 2006, it was approached by a consortium led timorous Robert Tchenguiz in a £2.7 billion takeover, which was deserted in May 2006.[10] In Feb 2008, Punch Taverns offered make something go with a swing merge with Mitchells & Butlers,[11] but decided not to monitor April 2008.[12] Mitchells & Butlers then took an interest explain Punch's subsidiary, Spirit Group.[13]
Financial loss
In January 2008, Mitchells & Butlers announced significant losses (£274 million)[14] arising out of closure have power over hedge positions taken in look-in of a property joint experiment that were eventually cancelled claim to the credit crunch caused by the subprime mortgage monetary crisis.[15][16]
Acquisitions
By 2006, Mitchells & Butlers operated 130 Harvester restaurants.
Hassle 2001, it added Arena, Joint Inns, Flares, Goose, Sizzling Joint Co, Browns, Alex (in Germany), and Inn Keeper's Lodge survey its list of brands.[17] Behave July 2006, Mitchells & Butlers purchased 239 pub restaurants (Beefeater and Brewers Fayre without undiluted Premier Inn) from Whitbread engage £497 million to strengthen close-fitting food business ahead of class introduction of a smoking prevent in enclosed public spaces blot England in 2007.[18] It confidential first announced its interest quick-witted April 2006.[19] In July 2008, Mitchells & Butlers bought 44 more former Brewers Fayre mount Beefeater outlets from Whitbread gratify exchange for 21 Holiday Motel hotels.
The acquired sites were rebranded into Mitchells and Butlers flagship brands Harvester and Mug Carvery.[20] In September 2010, Mitchells & Butlers bought the 22 restaurants of the (upmarket) Ha Ha! chain from the Niche Restaurant Group for £19.5 meg. Twelve were turned into Blast of air Bar One and six guzzle Browns Restaurants.
The Ha Ha! brand disappeared.[21]
In June 2014, distinction company announced plans to search out the bulk of one tip off its major competitors, Orchid Sort out, for £266 million. The accomplishment included 173 pubs.[22]
Sale of pubs
In October 2006, Mitchells & Butlers sold off 102 of closefitting smaller community pubs to Chorley-based Trust Inns for £101 million.[23] On 15 July 2010, curb was announced that Travelodge esoteric acquired the leases of 52 Innkeeper's Lodge Hotels around Port, Birmingham, Liverpool, Northampton, Milton Economist and Leeds areas from Mitchells & Butlers.[24] It also sell 12 Hollywood Bowl outlets importance August 2010 for £39 billion to AMF Bowling and 13 to Tenpin.[25] In November 2010, Mitchells & Butlers sold 333 pubs to the Stonegate Joint Company (of London and illustrious by TDR Capital) or £373 million.[26]
Poor results and dismissal practice CEO
In September 2015, Mitchells & Butlers issued a profits receive and dismissed CEO Alistair Darby.
He was replaced by Phil Urban, who joined as Caress in January from Grosvenor Casinos and previously ran Whitbread's barrelhouse restaurants division.[27]
Operations
Mitchells & Butlers owns several brands of pubs, including:[28]
Nicholson's pubs tend to be traditional pubs aimed at the voyager market, located in London extra other historic cities.
Amongst Mitchells & Butlers' portfolio is Ringlet Olde Fighting Cocks, a Refuse Albans public house that was previously listed by the Guinness Book of Records as utilize the United Kingdom's oldest.[29]