Mitchells & Butlers is named number one in 'eat out top 20'
Mitchells & Butlers has emerged as the UK's number one pub company in eat out magazine's inaugural top 20 list of pub and restaurant groups.
The list ranks the pub and restaurant groups, which operate popular brands including Harvester, PizzaExpress, and Beefeater Grill, based on turnover.
Mitchells & Butlers, which operates over 1,600 pubs nationwide, has an annual turnover of £1.796 billion, securing the company's position as the number one group.
Coming in a close second is Whitbread, owner of Beefeater Grill, Costa Coffee and Brewer's Fayre, with an annual turnover of £1.778 billion.
Third place goes to JD Wetherspoon, which operates 835 pubs in the UK, after it surpassed the billion pound sales mark in 2011 at £1.072 billion.
Clare Riley, editor of eat out magazine, said the list reflects the economic and cultural effect that pubs and restaurants have on everyday Britain. "The businesses that make up our inaugural top 20 operate some of Britain's best loved pub and restaurant brands. Each company on the list has played a key role in making eating out such an important part of our culture. And during these tough economic times, it's great to produce a list featuring so many success stories."
Mitchells & Butlers Executive chairman Bob Ivell said the award was great recognition for his hard-working teams: "It's refreshing to celebrate the industry for its achievements within the eating out market. For Mitchells & Butlers to lead the top 20 is recognition of the quality of our business, the strength of our brands and the experience, and skill of the M&B team."
Published in the June issue of eat out, the list features exclusive commentary from industry analysts Peel Hunt and property experts Christie + Co along with facts about each pub and restaurant group.
To read June's edition of Eat Out visit: http://viewer.zmags.com/publication/043e48e3#/043e48e3/1