Inquiry Punch Taverns plc, the leased and tenanted pub operator, notes the announcement made by the Trade and Industry Committee on the proposed inquiry regarding the relationship of pub companies and their tenants.
While Punch will make representations to the Committee in due course, Punch believes that the continued success of any tenanted or leased pub company is a consequence of a long term, supportive business partnership with its retailers – a relationship which Punch has successfully adopted and progressed.
Giles Thorley, Chief Executive of Punch today commented;
“The tenanted model enables businesses and partnerships in their widest sense to flourish in a fair environment. The industry has come a long way in developing those relationships and in building a much higher quality business for all parties.”
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