Punch has completed the acquisition of four pubs from Mitchells of Lancaster,
The William Mitchell in Morecambe, Th’Owd Tithe Barn in Garstang, Royal Oak in Bolton on Sands, and The Duke of Rothesay pubs were acquired as a package from Mitchells, which went into administration at the end of last year.
Punch chief executive Clive Chesser said: “We are really pleased to have acquired these wonderful community pubs and we look forward to working in partnership with the great publicans and their teams for many years to come.
“We will provide them with Punch’s industry-leading investment and support, to allow them to flourish and ensure they continue to be truly at the heart of their local communities. In the meantime, the pubs continue to be open and trading as usual.
“With the continued support of its shareholders, Patron and May Capital, Punch is investing approximately £30m in its pubs this year and is progressing well on a three-year plan to invest £80m in its estate, supporting entrepreneurial publicans in communities across the UK.”
Precis
Punch has completed the acquisition of four pubs from Mitchells of Lancaster The William Mitchell in Morecambe, Th’Owd Tithe Barn in Garstang, Royal Oak in Bolton on Sands, and The Duke of Rothesay pubs were acquired as a package from Mitchells, which went into administration at the end of last year. Punch chief executive Clive Chesser said: “We are really pleased to have acquired these wonderful community pubs and we look forward to working in partnership with the great publicans and their teams for many years to come.”
