01283 501999
Back to Latest News

Following the interim results from Punch on Wednesday 20 April, the pub group is delighted to share further details on the new Mercury sector of its business. Headed by Paul Pavli, Mercury replaces the turnaround division and aims to deliver like-for-like growth in this area by the end of 2017.

MercuryPubs

As a result of Punch’s internal review of the business, released alongside the interim results, Punch has created Mercury pubs to sit alongside the core business. Mercury pubs include the 499 pubs already in the turnaround division, as well as a further 240 pubs from the core sector.

Punch has recognised the success delivered by its turnaround (non-core) sector so far and, as a result, the purpose of Mercury will be to continue its legacy; to deliver like-for-like growth in an estate of sites under a more intensive, empowered operating model.

Punch has recognised the requirement to retain the number of pubs in their portfolio and ensure they remain viable and Paul Pavli, who previously led Punch’s New Business division, has been tasked with this project. Duncan Garrood, CEO, commented; “Across the wider business we have a clear focus on improving customer service, and as such have reviewed all of our key processes to ensure we put the customer (our publican) at the heart of everything we do.

“The creation of Mercury is part of this and we have big plans for the 739 pubs that come under this banner. We have a clear target to deliver like-for-like growth in this division from the end of 2017 supported by the sign-up of pubs on more flexible tenancy agreements, and look forward to seeing the Mercury pubs grow thanks to the model we are putting into action.”

Related Articles

Posted: 2019/08/19

Punch first pub co to list Dead Man’s Fingers Hemp Rum

Punch the independent pub operator with over 1300 pubs across England, Scotland and Wales is the first pub company to...

Read More

Posted: 2019/08/07

£285,000 investment breathes new life into The Lamb Inn

The Lamb Inn, situated in the rural village of Edgmond near Newport has reopened following our £285,000 investment. The investment...

Read More

Posted: 2019/08/05

All aboard The Steam Wagon as it reopens after £465k investment

The Steam Wagon pub in Shrewsbury has relaunched following our transformational, £465,000 investment, alongside new Publican Victoria Martin. The pub...

Read More

Posted: 2019/08/05

Black Bull pub reopens its doors after £230,000 investment

The Black Bull in Kidlington, Oxford, has been given a new lease of life following a £230, 000 investment by...

Read More

This site uses cookies.
By continuing to browse the site you are agreeing to our use of cookies. Find out more here.