Wednesday, August 24, 2011

Heineken: beer and cider down in UK

With RBS owning and wanting to sell off to Private Equity 900 of the S&NPC estate which essentially is a pale imitation of Enterprise and Punch except they own almost none of the bricks and mortar and get their 'value' out of 'managing' assets on behalf of the bank - and the management contract on a patchily incoherently managed, downward spiralling income tied estate, up for review in the near future which is mired with costly dilapidations nightmares from decades of under investment and atrociously incompetent building management, - it's entirely possible the estate will be down to 400 pubs a year or so from now.

Still, rolling out free wifi should be a good foil to the likely inevitable churn of events.

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