One of Britain’s biggest pub chains that owns Be At One and Slug & Lettuce ‘billions in debt’ as it battles to save 1000 venues
https://www.lbc.co.uk/article/pub-chain-billions-debt-1000-venues-risk-5HjdMsf_2/
Posted by tylerthe-theatre
One of Britain’s biggest pub chains that owns Be At One and Slug & Lettuce ‘billions in debt’ as it battles to save 1000 venues
https://www.lbc.co.uk/article/pub-chain-billions-debt-1000-venues-risk-5HjdMsf_2/
Posted by tylerthe-theatre
13 Comments
The drinks at S&L are fine, I have never been impressed with the food, though. It’s the kind of stuff you could easily cook at home.
But where will all the people with no soul go to drink??
> Stonegate is owned by private equity firm TDR Capital
And there it is.
Another victim of TDR Capital.
They’re the modern day Granada group – buying well performing brands, saddling them with debt and making them go bust while riding off into the sunset with the cash and doing it all over again. 😔
Stonegate are proper scumbags..hope better operators pick up some of these sites
This is shows the ineffectiveness of private equity, slug and lettuce is still very busy drink venue, nonreason to why this should be going bust
Slug and Lettuce always gave me the impression that they were one step behind and trying to do everything, and everything not working.
Went in with my wife once, looking for a meal, as they were advertising their food a lot.
They have a dance floor in the middle, with DJ and blasting music, and the only tables available were the high ones and accompanied by stools.
Like, what the hell do you have planned? Pie and Mash then doing a breakdance?
The headline should read “Infamous vampiric TDR sucks life out of latest victim. Who’s next?”
Despite bringing in over £1.7 billion last year, the company has accrued debts of more than £3 billion over the past few years.
Wow
Well, loads of towns are about to get new Wetherspoons
At some point you really need to start checking your bank statements.
All these commenters reciting nonsense about private equity being some great evil whose purpose is to destroy businesses are so confidently ignorant it’s hilarious
I don’t know how exactly private equity has turned into a bogey man but just the mere mention of it absolutely triggers people like conspiracy theorists
Given how preachy, onerous and love letter-ish their job applications are this is wonderful news. Hopefully they go bust completely.