Mitchells & Butlers (M&B), the pub and casual dining group, is thought to have received – and rebuffed – several approaches for its All Bar One and Browns chains. According to the Times newspaper the group, which owns about 2,000 venues, has received approaches from a number of private equity firms keen buy the businesses, which comprise 14 outlets under the Browns format and 38 that trade as All Bar One. The approaches were made in light of a strategic review led by new chairman John Lovering, which encouraged suitors to believe that the company may consider offers for concepts outside its six key growth brands. At the time Lovering said that any formats that were not capable of being grow to 100 outlets or producing at least £10m of ebitda would leave the group. The Times suggest that executives within M&B has rejected the idea that either All Bar One or Browns would be sold. Analysts have speculated that the group will sell up to 300 pubs to fund the expansion of its core six brands, which it plans to double from 900 outlets to 1,800 outlets within five years. The group is thought to be keen to off-load Alex, its Germany-based brasserie chain and Hollywood Bowl, the tenpin leisure centres.