Over 400 Stonegate pubs in London risk closure, GMB claims

City AM

Over 400 Stonegate pubs in London risk closure, GMB claims

Almost 450 pubs in London face closure after one of the UK’s biggest hospitality groups Stonegate warned on its profitability, the GMB Union has claimed.   It comes after the operator of over 4,000 pubs –  including the Slug and Lettuce and All Bar One chains – raised concerns about its £2.2bn debt pile.  The Stonegate Pub Company which is owned by private equity group TDR Capital, there is a risk its debt cannot be refinanced by its July 2025 …