Thursday, January 17, 2008
Boarded Up Pubs about to hit the market
Britain's biggest pub landlord, Punch Taverns, has seen a marked deterioration in trading in the traditionally busy Christmas period as the industry continues to suffer from the impact of the smoking ban and declining consumer confidence. then "We think there is still a lot of unsold beer left in pub cellars and it typically takes until the end of the month to get a proper fix. Tenants in trouble will sell the stocks they have before throwing in the keys."