Mitchells & Butlers (M&B), the managed pub group, has this morning announced it is to dispose of its non-core Hollywood Bowl business for £39m. The group, which had been looking to offload the bowling alley chain for some time, said rival AMF Bowling would acquire all operations and leasehold interests for a gross cash consideration of £27m, in a deal M&B said it would also sell the remaining freehold property interests in four of the sites for at least £12m in due course. Adam Fowle, chief executive, said: "This further disposal of non core assets is another important step towards focusing the business on our market leading growth brands." Earlier this year the group announced plans to concentrate on six core brands – including Harvester, Toby Carvery, Crown Carveries, Sizzling Pub Co, Vintage Inns and its Premium Country Dining Group. As part of this the operator also hopes to dispose of Alex, its German brasserie business.