Large pub chain selling a thousand establishments: reasons and consequences.

Sale of establishments due to debts

Large pub chain is likely planning to sell over 1,000 of its establishments due to a multibillion-dollar debt. Stonegate Group, which owns the Slug & Lettuce and Be At One chains, is working on possible options for nearly a quarter of its 4,300 establishments.

According to The Sun: Additionally, The Times reports...

“This is an important step in reducing the financial burden on the company.”

Against the backdrop of financial difficulties, this move by Stonegate draws attention, as establishments caught in a debt trap can significantly impact the gastronomy sector. Selling part of the chain may be a necessary measure to restore the company’s finances and ensure its future operation.