if it's a good pubco it might work like that. On the other hand Punch
got themselves into s**tloads of debt and went through a large 'restructuring' which involved imposing more onerous rental conditions (both ?s and in terms of leeway) and not investing in all the repairs etc a good pubco would invest in. Heath is right in the textbook economies of scale, benefits of franchising sense and managed to cherry pick some numbers from a good pubco's annual report but in reality Punch was one of the very biggest pubcos, it didn't work like that and drove lots of pubs (like my old local) to the wall.
Posted By: pat_abb on November 20th 2014 at 08:54:38
Message Thread
- The other side to that pub story some of you were celebrating (General Chat) - Tricky Hawes, Nov 20, 06:21:26
- So lucky in the Fine City for independent pubs Fat Cat, Plough, Rheindeer , Alexander (General Chat) - trustsec, Nov 20, 09:25:31
- if it's a good pubco it might work like that. On the other hand Punch (General Chat) - pat_abb, Nov 20, 08:54:38
- The comments underneath paint a very different picture (General Chat) - KentonCanary, Nov 20, 07:35:39
- I did read it and all I could really visualise was Neil Doncaster (n/m) (General Chat) - pants, Nov 20, 11:38:39
- I did wonder. (General Chat) - Arizona Bay, Nov 20, 06:56:28
- and may not just be pubcos being greedy (General Chat) - Tricky Hawes, Nov 20, 07:29:59
Reply to Message
In order to add a post to the WotB Message Board you must be a registered WotB user.
If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.