Brits Turn to Home Diet

Many Britons are turning to their homes in respect to their daily diet; they are seeking to eat, drink and be merry at home.
Britons are also seeking lower priced drink and food as times are hard financially.
This of course is having a knock on effect on pubs and eateries.
Mitchells and Butlers have just sold 300 plus pubs and are looking to enter the lower priced, food market.
Mitchells and Butlers is moving away from drinks-led market and is selling 333 sites for £373m to private equity firm TDR Capital, which has in the past invested in CenterParcs and Pizza Express .
M&B are looking to plough its proceeds in to 1,580 restaurants and food-led pubs, including the Harvester, All Bar One, Toby Carvery and Vintage Inn brands.
It considers that growth prospects are more attractive in this area in the aftermath of the smoking ban, increases in alcohol duty increases and the recession.
The firm is anticipating higher margins and a larger share of Britain’s £70bn eating and drinking out market.

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