Tenanted Pubs Feel a Cold Draught ; in Association with Rensburg Sheppards

Summary

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THIS week's rescue of pubs and restaurants firm Orchid put a fresh spotlight on the growing pressures faced by the beleaguered sector.

Shares in pub companies, or pubcos, have been hammered this year as investors worry over the strain of recession, smoking bans and rising costs on balance sheets loaded with eye-watering debts.

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Extract

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Tenanted Pubs Feel a Cold Draught ; in Association with Rensburg Sheppards

Orchid's administration and sale to existing management - while spun as a financial restructuring to "recession proof" the firm - still left 48 pubs with PricewaterhouseCoopers and put potentially 1,200 jobs at risk.

According to the Association of Licensed Multiple Retailers...

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