Reports on the decision of Whitbread PLC to sell 239 of its freestanding pub restaurants to British pub-and-restaurant operator Mitchells & Butlers PLC.EBSCO_bspWall Street Journal Eastern Edition
Mitchells & Butlers, recently carved out of the old Bass brewing empire, manages its own pubs. Under this model, the central costs are higher and the pub wages and overheads fall to the group, but the venues tend to be larger and so generate more profit. Regional brewers such as ...