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Orchid for sale?

By James Russell: Orchid for sale?

July 2, 2013

City A.M. reports that Deutsche Bank, who took over control of Orchid just one year ago, is now planning its sale.

Orchid is the pub company with a portfolio spanning carvery pubs, the Living Room and Prohibition Bar chains, running to a total of around 300 sites across the UK.

In its last reported accounts, Orchid sales had risen to £180 million for 2011, with food sales up 10% during the period.

It is thought that the asking price will be around £300 million.

For more information click here

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