Express.co.uk - Home of the Daily and Sunday Express | City & Business :: Punch Taverns may shed tenanted pubs
PUBS group Punch Taverns is drawing up plans to eliminate the bulk of its £3billion-plus debt by handing over nearly 6,000 of its watering holes to bondholders.
Offloading its tenanted estate – pubs it owns but leases to independent landlords – would enable Punch to focus on its 800 directly managed pubs, including the Chef & Brewer chain.
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