M&B urges customers to spend more as it looks to claw back profits
Birmingham pubco Mitchells & Butlers is to subtly encourage its customers to spend more on their night out or a visit to their local as it looks to claw back profits squeezed by wage increases and property costs.
The company’s chief executive, Phil Urban, writing in the group’s half year results statement said margins during the 28 weeks to April 8, 2017 had suffered due to various cost pressures and efforts were needed to turn the situation around.
He said: “As previously announced, margins have been adversely impacte... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
