By M&C Report team2007-07-27T08:12:00+01:00
SA Brain CEO Alistair Darby has stepped down from the company after the completion of a deal that sees Marston’s take over the running of its pubs.
The board of Marston’s has unanimously rejected a proposal of 105 pence per share, from Platinum Equity Advisors, stating that it “very significantly undervalues” the business.
An offer for Marston’s could come in at above 100p per share, according to analysts Liberum, in a note issued following the news that Platinum Equity Advisors had received an unsolicited non-binding proposal from the American PE firm regarding a possible cash offer for its share capital.
The Inn Collection Group saw a year of record growth in 2020. Throughout the year, the Alchemy-backed business acquired eight freehold properties, bringing its total estate to 19 sites, and managing director Sean Donkin tells MCA that it was able to grow so aggressively because of one major contributing factor: the pandemic. “It has enabled us to focus on acquiring new sites and made additional opportunities available,” he says. “But it’s not necessarily because of people going under, it’s people running out of puff and fight”.
BrewDog has achieved certified B Corp status, making it the only hospitality business in the UK to achieve the accolade.
Hawthorn CEO Mark Davies is the latest pubco boss to call on the Prime Minister to offer strong support for the sector in his upcoming reopening announcement.
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