Tuesday, October 04, 2011

IN an 18 month period between 2006 and 2008 Punch had over 6,000 instances of churn in their estate. This was when their entire estate numbered something in the region of 8,000 pubs. It wasn't 6000 individual, separate, pubs that changed lessee hands in that time; most of the 6000 had had two lessees in that year and a half. SOME had had as many as four or even five. So the number of individual pubs that had changed hands was closer to 3,000, I can't remember the exact figures, but it was over a third of the entire estate had churned in that brief period. Until we found this out the people who were Fair Pint founders thought we knew a lot about the industry. That was when we were naive and just learning about the true extent of the tied beer pubco cancer and all the secondaries and tertiaries it's sent out everywhere that are lodged deep into the whole of the pub sector. It's a disease that will take decades for the industry to recover from - IF it ever manages to rid itself of the cancers in the first place

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