Local pubs escape big chain sell-off...

[dutchman]

Nine local pubs owned by national pub chain Punch Taverns will not be sold off as part of plans to offload thousands of traditional boozers.



Four pubs in Coventry and five in Warwickshire will escape the sell-off by Britain’s second biggest pub chain which plans to reduce its estate by 2,200.

The pub giant owns about 6,770 venues in the UK and the Telegraph reported last week plans to reduce this to a “core division” of about 3,000 leased pubs over a five-year period.

A spokeswoman for Punch said the managed house division – which represents about 800 pubs – will be exempt from the sell-off.

This means city boozers the Rose and Crown in Walsgrave, the Coventry Oak in Wyken, the Cocked Hat in Binley Woods and the Bear Inn at Berkswell will escape the axe.

Other Punch managed house pubs in Warwickshire to be kept are the Old Mill in Baginton, the Bermuda Park and Chase Hotel, both in Nuneaton, and Leamington pubs the Rugby Tavern and the White Lion.

A number of Punch’s leased pubs could also be switched to the managed division.

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