Harvester owners seals £266m deal

12:01 16 June 2014

Toby Carvery:- Captain Manby on Beacon Park, Gorleston
Eating Out 

Picture: James Bass
Copy: Stephen Pullinger
For: EDP Sunday
Eastern Daily Press © 2009  (01603) 772434

Toby Carvery:- Captain Manby on Beacon Park, Gorleston Eating Out Picture: James Bass Copy: Stephen Pullinger For: EDP Sunday Eastern Daily Press © 2009 (01603) 772434

Archant Norfolk Photographic © 2009

The owner of Harvester and Toby Carvery added 173 pubs to its estate today after agreeing to buy a food-led pub chain in a deal worth £266 million.

Mitchells & Butlers said more than half of the pubs in the acquisition of the majority of the Orchid Group will be converted to its existing formats and brands, which include All Bar One, Nicholson’s and Crown Carveries.

Orchid was set up in 2006 and now features more than 200 pubs across seven concepts, including pizza kitchens and Thai pub restaurant Dragons.

Mitchells currently generates average weekly sales of £22,700 from its pub restaurants and believes the strength of its brands and experience will enable it to improve on the £15,300 per week made at the acquired pubs.

A further 77 pubs have recently received investment and will continue in their current format, while benefiting from purchasing synergies as part of Mitchells.

The Orchid estate, which was created following the purchase of 300 pubs from Punch Taverns, has many of its outlets in the South East and North West of England. Today’s deal excludes a number of leasehold sites.

Mitchells is the UK’s largest operator of managed restaurants and pubs, with an estate comprising more than 1,600 outlets.

Search hundreds of local jobs at Jobs24


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Eastern Daily Press visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Eastern Daily Press staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Eastern Daily Press account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Management Jobs

Show Job Lists


Kevin Jordan is Credo Asset Finance's prestige and luxury vehicle specialist.

Sponsored: If you’re looking for a dream car for Christmas, Credo Asset Finance’s prestige and luxury vehicle specilist can find you the right deal, says Simon Gray.

From left, Sarah Gilder and Dominique Fell-Clark of Digibee. Sarah has taken part in a Future50 work shadowing project with neighbouring business The Avanti Group.

How can you bring new skills into your business when staff turnover is low and money may be tight? SHAUN LOWTHORPE talks to the Future50 businesses swapping ideas as part of an informal work shadowing programme.

Green 100


Enjoy the Green 100
digital edition


Mustard TV

Meet the Team

Mark Shields

Business Editor


Chris Hill

Agricultural and Farming Editor


Business Most Read


Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up