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Thread: punch

  1. #1
    Palookaville hondo's Avatar
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    "Do I know where hell is? hell is in hello"

  2. #2
    I'll stay on me own Andy Ven's Avatar
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    Default Punch Taverns Downsizing

    Punch Taverns issued a press release today http://www.punchtaverns.com/Punch/Co...iew+update.htm which included the line "Leased business needs to be repositioned to maximise the long term value within the estate by downsizing to a core of around 3,000 high quality pubs".

    Is this a good thing or bad thing?

    Does it mean more pub closures? Or more free houses opening? Or some Punch pubs being taken over by another pubco? Or all of the above?
    Waes hael!

  3. #3
    I'll stay on me own Andy Ven's Avatar
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    sorry mate, I 've only just spotted your thread
    Waes hael!

  4. #4
    Please give generously Quinno's Avatar
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    Default

    depends on how many they try and sell with restrictive covenants attached...

  5. #5
    I'll stay on me own
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    Our local rag is running the story today -

    http://www.thisisbristol.co.uk/news/...l/article.html

    I thought the last line was interesting - "The debts of the firm equate to £534,901 per pub and interest payment and costs linked to the loans amounts to an average of £271 per day per pub."

    Clearly that is quite unsustainable.

  6. #6
    This Space For Hire arwkrite's Avatar
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    Default

    And by selling off some of the properties they would , presumably, pay off some of the debt or maybe give themselves a nice bonus. I really am becoming cynical.

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