Nearly 40 pubs and bars across Lancashire could be at risk of pulling their last pint as more than 4,500 Stonegate pubs could shut as owner TDR Capital seeks to refinance £2.6 billion debt.
Gary Lindsay, boss of TDR Capital which also owns supermarket giant Asda, told the Business and Trade Select Committee he was ‘confident’ it could be refinanced this year.
A spokesperson for Stonegate said: “We continue to invest in our pubs and our people, in particular supporting local pubs which play such a key role in their communities. Our pub business remains very resilient despite the challenges our industry faces, with good like-for-like sales growth across the group. Following our recent successful financing announced in December as well as strong recent trading, we are well placed to deliver on our longer term objectives and we are very confident in our ability to re-finance at the appropriate time.”
These are the pubs across Lancashire include Slug & Lettuce in Blackpool and The Adelphi in Preston at risk.
1. The 37 Stonegate venues in Lancashire in danger of shutting down
The Adelphi in Preston, The Seven Stars in Leyland and Slug & Lettuce in Blackpool are some of the many pubs on the list Photo: Google
4. The Snooty Fox
The Snooty Fox, 33 Main Street, Kirkby Lonsdale, Carnforth, LA6 2AH Photo: Google
