Enterprise Inns calls time on 1,000 pubs in major overhaul
ENTERPRISE INNS plans to sell 1,000 pubs as part of a major overhaul in response to new rules allowing tenants to buy their beer elsewhere.
Enterprise Inns are the UK's biggest pub landlords
The UK's biggest pub landlord aims to reduce its estate to 4,200 watering holes by 2020, expand its managed pub business and create a property rental arm.
It will continue to offer tied deals under which tenants are charged higher drinks prices and offered subsidised rent and benefits in return.
It toasted a 0.6 per cent rise in net income in the first half, with pre-tax profit up £2million to £57million.