CEO of Stonegate pub chain pledges venues WONT close over £2bn debt 'concern'

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CEO of Stonegate pub chain pledges venues WONT close over £2bn debt 'concern'
Manchester Pubs
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'We would also like to assure our valued employees and partners that venues are not at risk'

The head of the UK's largest pub chain Stonegate Pub Company - which oversees around 4,400 venues across the country - has pledged that none of the 80 venues the firm owns in Greater Manchester will close.

After acquiring Ei Group, once known as Enterprise Inns, for £1.3 billion, Stonegate became the UK's largest pub operator in 2019, while also taking on a further £1.7bn in debt. "Our all-round performance exemplifies the strength and depth of the Stonegate estate, with our outstanding Craft Union and L&T divisions continuing to lead the way.

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