One of the UK's biggest pub companies has announced plans to 'sell off a 1,000 of its pubs'. Stonegate is the pub giant behind household names such as Be At One and Slug and Lettuce, which is reportedly looking to scale back operations following a £2.6 billion debt pile.
The news comes as a further blow to pub lovers who were already left dismayed with the closure of some Wetherspoons pubs across the country. As reported by Bloomberg, Stonegate which is owned by private equity firm TDR Capital, is now making moves to sell some of its pubs to pay down its debts.
The cost of energy is the "biggest concern" of the beleagured pub group, who said they don't know what the bill will be from April. Stonegate has had mixed fortunes since 2020, reports Mirror.
