Why beat around the bush with a long winded press release and a learned article when it can be told in a couple of sentences?
Dire Prospects For British Pub Sector as New Year Looms.
2013
predicted to be crunch year for British pub sector as major pubco
disposals continue to flood an already saturated falling market with
hundreds more over priced under invested pub freeholds 'suitable for
alternative use subject to planning'.
Following two stagnant
years of pub sales, which slid into 2012's rapid price decline, major
deals highly unlikely in 2013 due to pubco's continuing to shed hundreds
more failed pub businesses in desperate efforts to service the massive
unsupportable debts that have dragged them towards insolvency.
Pubco's
suffering 'death by a thousand cuts', as income collapses due to
customers abandoning pubs that sell overpriced tied beers in run down
premises falling far short of contemporary customers' expectations.
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