Mitchells & Butlers

Mitchells and Butlers like-for-likes hit by bad weather

19-Jul-2012 By John Harrington, M&C Report

Mitchells & Butlers (M&B), the managed pub operator, has reported like-for-like sales growth of 0.4% in the 14 weeks to 14 July, with sales hit by the poor weather and Euro 2012 but mitigated by a strong performance over the Jubilee.

M&B ‘has preferred candidate for CEO’

22-Jun-2012 By Mark Wingett, M&C Report

Analyst Douglas Jack at Numis has revealed Mitchells & Butlers (M&B) has a preferred candidate for its vacant chief executive role, who “understands the sector”.

Greene King and Mitchells and Butlers roll out free Wi-Fi

22-May-2012 By Adam Pescod

Two of the UK’s largest pub chains have signed deals with Sky and O2 to roll out free Wi-Fi across their estates in the face of growing consumer demand.

Mitchells & Butlers reports 2.7% rise in like-for-like sales

18-May-2012 By John Harrington, M&C Report

Mitchells & Butlers (M&B) has reported a 2.7% rise in like-for-like sales in the 28 weeks to 7 April, driven by food sales, although profit before tax declined £1m to £42m due to exceptional operating costs totaling £20m.

M&B opens 200th Harvester

03-Apr-2012 By Michelle Perrett

Mitchells & Butler's Harvester Salad & Grill opened its 200th restaurant in Peterborough today.

M&B gives Elpida man role on board

29-Mar-2012 By John Harrington

Mitchells & Butlers (M&B), the managed pub operator, has appointed a representative of Elpida, a significant shareholder in the group, to its board as non-executive director.

M&B community pubs get new name

14-Mar-2012 By John Harrington. M&C Report

Mitchells & Butlers (M&B) has placed its c.130-strong Town Centre & Community pubs under one name Oak Tree Pubs.

M&B to roll out free wi-fi

13-Mar-2012 By John Harrington

Mitchells & Butlers, the managed pub and restaurant operator, has announced a deal with O2 to rollout free Wi-Fi to all its 1,600 sites.

M&B managers complete post-graduate course

21-Feb-2012

Thirteen Mitchells & Butlers (M&B) retail business managers (RBMs) and 33 retail managers have graduated from the company’s postgraduate course.

M&B festive sales up

26-Jan-2012 By John Harrington

Mitchells & Butlers (M&B), the managed pub operator, has reported a 6.5% rise in like-for-like sales in the nine weeks to 21 January, aided by improved weather over the Christmas period, although trading in January has been “more subdued”.

M&B opens landmark Toby/Harvester sites

22-Dec-2011 By Mark Wingett

Mitchells & Butlers (M&B) has opened the first dual-branded and combined sites under its Harvester and Toby Carvery brands and is set to launch its first Toby Sandwich Express unit.

Lewis ups stake in M&B again

20-Dec-2011 By Mark Wingett

Joe Lewis, the largest shareholder in Mitchells & Butlers (M&B), has upped his stake in the managed pub operator for the second time in a week, further fuelling speculation that he will mount a further bid for the company next year.

Lewis expected to launch new attack on M&B

22-Nov-2011

Millionaire Joe Lewis is expected to launch a fresh attack on the management of Mitchells & Butlers (M&B) on the back of its full-year results.

Key operational figures leave Mitchells & Butlers

16-Nov-2011 By Mark Wingett

Mitchells & Butlers has announced that three leading members of its operational team are to leave the company as part of plans to simplify its organisational structure under the leadership of Bob Ivell.

M&B confirms Ivell as chair; Blood steps down

27-Oct-2011 By Mark Wingett, M&C Report

Mitchells & Butlers (M&B) has confirmed that industry veteran Bob Ivell will take on the role of its executive chairman with immediate effect.

M&B names new concept TUK CHO

27-Oct-2011 By Mark Wingett

Mitchells & Butlers’ (M&B) new South-East Asian cuisine concept will be called TUK CHO, with a first restaurant under the brand set to open in Ealing, west London, in December.

Piedmont withdraws interest in M&B

13-Oct-2011

Piedmont, the investment vehicle of Bahamas billionaire Joe Lewis, has withdrawn its interest in Mitchells & Butlers (M&B), the managed pub operator.

Stonegate hails TDR for M&B pubs deal

11-Oct-2011 By Adam Pescod

Stonegate Pub Company chairman Ian Payne revealed his private-equity backer TDR Capital funded the £370m acquisition of 333 Mitchells & Butlers (M&B) wet-led pubs entirely from its own resources after major banks had proved unforthcoming.

M&B: The case for Joe Lewis

04-Oct-2011 By The PMA Team

Everybody has a view on Bahaman billionaire Joe Lewis and his tenure on the share register of M&B. Last Thursday, at an Association of Licensed Multiple Retailers debate in Cambridge, former Novus chairman John Barnes was to be found among those not...

Lewis defends his position on M&B

29-Sep-2011 By The PMA Team

Billionaire Mitchells & Butlers (M&B) shareholder Joe Lewis has rebutted claims made in the Publican’s Morning Advertiser (PMA) leader last week, written by group editor The PMA Team, that claimed he is exerting a negative influence on the company.

Shareholder disclosure fuels M&B speculation

27-Sep-2011 By The PMA Team

Two of Mitchells & Butlers shareholders have confirmed they were acting in concert.

M&B reports 34th consecutive quarter of growth

27-Sep-2011 By Ewan Turney

Managed pub operator Mitchells & Butlers (M&B) — a takeover target for Bermudan billionaire Joe Lewis — has reported its 34th consecutive quarter of like-for-like growth.

M&B ‘may sell off brands to cut debt’

22-Sep-2011 By The PMA Team

Well-placed industry sources suggest that Mitchells & Butlers (M&B) may sell one or two key brands to reduce debt if Piedmont, the Joe Lewis investment vehicle, succeeds in taking the company private.

Lewis’s move on M&B should worry all of us

22-Sep-2011 By The PMA Team

My money is on Mitchells & Butlers (M&B) being taken private some time very soon. Billionaire trader Joe Lewis has been exerting ever greater control on the company for some time.

M&B issues 'put-up or shut-up' deadline

16-Sep-2011 By Ewan Turney

Mitchells & Butlers (M&B) has set a “put up or shut up” deadline of 5pm on 17 October for Bermudan billionaire Joe Lewis’s Piedmont investment vehicle to make a firm bid for the company.

Piedmont may return with increased M&B bid

15-Sep-2011 By Ewan Turney

Bermudan billionaire Joe Lewis’s Piedemont investment vehicle has said it may return with an improved offer for Mitchells & Butlers (M&B).

Lewis tries to buy M&B ‘on the cheap’

13-Sep-2011 By The PMA Team

The Bermudan billionaire Joe Lewis has been accused of trying to buy Mitchells & Butlers on the cheap after indicating that his Piedmont investment vehicle is thinking about tabling a 230p bid for the 77% of the company he does not own.

M&B acquires eight Old Orleans sites from Intertain

12-Sep-2011 By Ewan Turney

Mitchells & Butlers has completed the acquisition of eight Old Orleans sites from Intertain for a price believed to be between £2-3m.

M&B's new kids' menu

25-Jul-2011 By Lesley Foottit

M&B brand Toby Carvery is positioning itself as more family friendly with the launch of a children's menu and meal offer, games and activities.

The real danger amid M&B's power struggle

21-Jul-2011 By The PMA Team

It's got to the stage where the game of musical chairs at M&B is turning to farce, writes The PMA Team.

M&B sales growth slows

21-Jul-2011 By Mark Wingett, M&C Report

Mitchells & Butlers, the UK's leading managed pub operator, has reported a slowdown in like-for-like sales.

M&B unveils fourth chairman in 18 months

14-Jul-2011 By The PMA Team

Managed pub and restaurant operator Mitchells & Butlers (M&B) has lost its third chairman in 18 months after Simon Burke stands down

M&B recruits ex-Wagamama chef

27-Jun-2011 By The PMA Team & Mark Wingett

Mitchells & Butlers (M&B) has recruited the former executive chef of Wagamama and Tampopo to explore the pan-Asian food opportunity.

A potential own goal for M&B

22-Jun-2011 By Pete Brown

Mitchells & Butlers' plan to turn the popular Engineer pub into a managed outlet could be disastrous for all, writes Pete Brown.

M&B man joins university as visiting professor

17-Jun-2011 By John Harrington, M&C Report

Kevin Todd, managing director of Mitchells & Butlers' City & Country division, has been made a visiting professor at Birmingham City...

M&B developing Asian concept after Tampopo approach

10-Jun-2011 By Mark Wingett, M&C Report

M&B is looking to develop an Asian food-influenced concept, after an unsuccessful approach for Pan Asian restaurant chain Tampopo.

M&B: food overtakes drink for first time

20-May-2011 By Mark Wingett, M&C Report

Food sales across the retained estate at Mitchells & Butlers (M&B) have overtaken drink sales for the first time.

Pinegar nets new position with M&B

04-May-2011 By Mark Wingett, M&C Report

Nigel Pinegar, formerly of Paramount Restaurants, has joined Mitchells & Butlers as an operations development manager for Ember Inns.

Harvester opens at O2 Arena

21-Apr-2011 By Jo Bruce

Mitchells & Butlers (M&B) has opened a 140-cover Harvester site at London's O2 Arena in the Entertainment Avenue.

Harvester to run five-a-day sessions for children

13-Apr-2011 By Lesley Foottit

Harvester is offering school children the chance to visit their local outlet to learn all about fruit and vegetables. Mitchells and Butlers...

M&B rolls out Crown Carvery breakfast buffet

11-Apr-2011 By Lorraine Helller, Big Hospitality

M&B is rolling out a self-service buffet breakfast across its Crown Carveries estate, following a successful three-month trial. Over 90 Crown...

M&B: Opportunity to grow market share

01-Apr-2011 By The PMA Team

Food is increasingly the main driver of out-of-home occasions and there is plenty of market share for pubs to capture. That was the message from...

New foodier format for Ember Inns

01-Apr-2011 By Jo Bruce

Mitchells & Butlers has launched Ember Pub & Dining. The new format moves Ember's traditional pub offer to a more premium food and family...

M&B's revolving door management policy continues apace

21-Mar-2011 By Hamish Champ

"Is it me, or has everybody gone mad?" The sage words of Brian Potter, the fictional owner/operator of the Phoenix Club, sprang to mind as I digested...

M&B boss Fowle to leave

16-Mar-2011 By Mark Wingett, M&C Report

Mitchells & Butlers (M&B), Britain's biggest managed pub and restaurant operator, has announced that chief executive Adam Fowle is to leave the company by mutual consent after a period of two years in the post.