Mitchells & Butlers takes market share from rivals as food sales climb

Source/Contact: Caterer Search, 09/04/2008

Harvester and All Bar One owner Mitchells & Butlers (M&B) is taking market share from struggling rivals thanks to its offer of a “value and volume” dining experience, the pub group claimed today.  The embattled pub operator, currently a takeover target after it incurred a ₤274m loss on the closure of a proposed joint-venture property hedge und, said overall sales for the 27 weeks ending 5 April had remained resilient thanks to strong food sales.  Food sales now account for 38% of all spending at M&B pubs and bars and have increased 4.8% in the last six months.  M&B now serves 110 million meals a year.