All Bar One is not for sale, insists Mitchells & Butlers
Birmingham pub group Mitchells & Butlers is believed to have turned down approaches from private equity companies for some of its high-end brands.
New chairman John Lovering – who took over at the Fleet Street company after a bitter battle between the board and shareholders earlier this year – launched a strategic review of the company last month.
This has provoked speculation that parts of the company could be put up for sale.
But an insider at the firm said it was not interested in offers for its All Bar One and Browns chains.
M&B is expected to focus on more profitable strands of the business this year, mainly the food-heavy budget chains including Harvester, and Toby Carvery.