BusinessBusiness RecoveryDeloitte administrators in at Ritblat’s pub chain

Deloitte administrators in at Ritblat's pub chain

Pub chain enters administration - sale sought as a going concern

Deloitte partners have been appointed administrators to a small pub chain
owned by British Land
veteran Sir John Ritblat.

The pub business Merchant
Inns
runs across seven establishments across the south of England,
employing 240 staff.

Neville Kahn and Nick Edwards of
Deloitte
have been appointed joint administrators.

Kahn said it was the administrators’ intention to continue to run the
business as a going concern with a view to selling each of the pubs.

“They are of extremely high quality, in first rate locations and we are
confident of finding a buyer in the near term,” said Kahn.

Property consultancy Colliers
CRE
is charged with selling the assets, which could reportedly earn
£25m.

Colliers statement on their appointment refers to “unknown financial
liabilities” at the business.

Further reading:

Tootsies enters
administration

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