see mitchells & butlers brewery . mitchells & butlers plc type public traded as lse mab industry restaurants pubs founded 15 april 2003 headquarters birmingham united kingdom key people bob ivell chairman phil urban ceo products c. 1784 restaurants and pubs revenue 2 101 million 2015 1 operating income 328 million 2015 1 net income 103 million 2015 1 number of employees 44 000 2016 2 subsidiaries all bar one browns restaurants harvester toby carvery innkeeper s lodge website www.mbplc.com mitchells & butlers plc lse mab also referred to as m & b runs around 1 600 managed pubs bars and restaurants throughout the united kingdom . the company s headquarters are in birmingham england united kingdom . the company is listed on the london stock exchange and is a constituent of the ftse 250 index . its branded restaurants and bars include all bar one miller & carter nicholson s toby carvery harvester and browns restaurants . contents 1 history 1.1 historic brewing company 1.2 bass 1.3 six continents 1.4 m & b 1.5 financial loss 1.6 acquisitions 1.7 sale of pubs 1.8 poor results and dismissal of ceo 2 operations 3 references 4 external links history edit historic brewing company edit main article mitchells & butlers brewery the cape hill brewery on a circa 1925 postcard mitchells & butlers brewery was formed by the merger of two breweries in 1898 . 3 the company merged with bass in 1961 . 3 with the brand currently under ownership of coors brewers the brewery closed in 2002 with production switched to burton upon trent . 4 their most famous beer was brew xi using roman numerals and so pronounced brew eleven advertised with the slogan for the men of the midlands . it is now brewed under licence for coors by brains of cardiff . 5 bass edit bass plc based in burton on trent transformed into separate brewing and retail divisions following the beer orders of 1989 3 and then proceeded to build a large hotel portfolio alongside its bingo betting and electronic leisure interests . in the late 1990s the latter interests were sold . on 21 july 1995 bass bought 78 harvester restaurants for 165 million from the forte group . 6 six continents edit in 2000 bass also divested its brewing arm and rebranded itself six continents 3 before another split in april 2003 into two separate companies with the hotel assets forming intercontinental hotels group and the mitchells & butlers name brought back for the pubs and restaurants company . 3 in march 2003 six continents fought off a proposed 5.5 billion takeover by hugh osmond punch taverns . 7 m & b edit mitchells & butlers was formed on 15 april 2003 . in april 2006 it was approached by a consortium led by robert tchenguiz in a 2.7 billion takeover which was dropped in may 2006 . 8 in february 2008 punch taverns offered to merge with mitchells & butlers 9 but decided not to in april 2008 . 10 mitchells & butlers then took an interest in punch s subsidiary spirit group . 11 financial loss edit in january 2008 mitchells & butlers announced significant losses 274 million 12 arising out of closure of hedge positions taken in anticipation of a property joint venture that were eventually cancelled due to the credit crunch caused by the subprime mortgage financial crisis . 13 14 acquisitions edit by 2006 mitchells & butlers had 130 harvester restaurants . in 2001 it added arena ember inns flares goose sizzling pub co browns alex and inn keeper s lodge to its list of brands . 15 in july 2006 mitchells & butlers purchased 239 pub restaurants beefeater and brewers fayre without a premier inn from whitbread for 497 million to strengthen its food business ahead of the introduction of a smoking ban in enclosed public spaces in england in 2007 . 16 it had first announced its interest in april 2006 . 17 in july 2008 mitchells & butlers bought 44 restaurants from whitbread its former brewers fayre and beefeater outlets that were not next to a premier inn . 18 in september 2010 mitchells & butlers bought the 22 restaurants of the upmarket ha ha chain from the bay restaurant group for 19.5 million . twelve were turned into all bar one and six into browns restaurants . the ha ha brand disappeared . 19 in june 2014 the company announced plans to acquire the bulk of one of its major competitors orchid group for 266 million . the acquisition included 173 pubs . 20 sale of pubs edit in october 2006 mitchells & butlers sold off 102 of its smaller community pubs to chorley based trust inns for 101 million . 21 on 15 july 2010 it was announced that travelodge had acquired the leases of 52 innkeeper s lodge hotels around glasgow birmingham liverpool northampton milton keynes and leeds areas from mitchells & butlers . 22 it also sold its 25 hollywood bowl outlets in august 2010 for 39 million to amf bowling . 23 in november 2010 mitchells & butlers sold 333 pubs to the stonegate pub company of london and owned by tdr capital for 373 million . these pubs were the drinks focussed lower price outlets such as flares and scream pubs which mostly had late night licences . also sold were high street bars & venues town pubs and community pubs . 24 poor results and dismissal of ceo edit in september 2015 mitchells & butlers issued a profits warning and dismissed ceo alistair darby . he was replaced by phil urban who joined as coo in january from grosvenor casinos and previously ran whitbread s pub restaurants division . 25 operations edit a harvester pub with adjacent travelodge in colton leeds mitchells & butlers owns several brands of pubs including 26 harvester toby carvery all bar one browns restaurants miller and carter vintage inns nicholson s sizzling pubs o neill s crown carveries ember inns innkeeper s lodge oak tree castle premium country dining group alex village pub & kitchen amongst mitchells & butlers portfolio is ye olde fighting cocks a st albans public house listed by the guinness book of records as being the united kingdom s oldest . 27 references edit a b c annual report 2015 pdf . mitchells & butlers . retrieved 11 april 2016 . mitchells & butlers about us our people . mbplc.com . retrieved 10 april 2016 . a b c d e our history . mitchells & butlers . retrieved 2008 03 26 . brewery at quaffle . directory of real ale breweries . retrieved 2008 10 03 . mail birmingham 2012 01 12 . top ten brum s best beers . birmingham mail . retrieved 2015 03 31 . john shepherd 1995 07 22 . forte sells harvester pub chain business news . the independent . retrieved 2015 03 31 . business six continents wins 5.5 bn bid battle . bbc news . 2003 03 13 . retrieved 2014 03 25 . business investors drop m & b pub group bid . bbc news . 2006 05 08 . retrieved 2014 03 25 . business punch unveils m & b merger proposal . bbc news . 2008 02 04 . retrieved 2014 03 25 . business punch rules out pub deal with m & b . bbc news . 2008 04 18 . retrieved 2014 03 25 . business m & b eyes punch pub chain spirit . bbc news . 2008 04 14 . retrieved 2014 03 25 . business pub owner s credit crunch losses . bbc news . 2008 01 29 . retrieved 2014 03 25 . simon bowers 2008 01 28 . m & b could blow a year s profit on 300m hedge loss . guardian unlimited . retrieved 2008 03 26 . simon bowers 2008 01 29 . tchenguiz raises stake in pub group . guardian unlimited . retrieved 2008 03 26 . cunill onofre martorell 2006 . the growth strategies of hotel chains best business practices by leading companies . haworth press . p. 29 . isbn 0 7890 2664 3 . business beefeater sites bought by m & b . bbc news . 2006 07 21 . retrieved 2014 03 25 . business m & b confirms beefeater interest . bbc news . 2006 04 28 . retrieved 2014 03 25 . finance . whitbread eyes further swaps after mitchells & butler s deal . telegraph . retrieved 2014 03 25 . hiscott graham 2010 09 18 . mitchells & butlers buys ha ha bar chain for 19.5 million mirror online . mirror.co.uk . retrieved 2014 03 25 . britain s mitchells & butlers to acquire 173 pubs . nytimes.com . 2014 06 16 . retrieved 2014 06 18 . business m & b sells off 102 community pubs . bbc news . 2006 10 05 . retrieved 2014 03 25 . paskin becky 2010 07 15 . travelodge acquires 52 hotels from mitchells & butlers . bighospitality.co.uk . retrieved 2014 03 25 . bbc news mitchells & butlers sells its hollywood bowl business . bbc.co.uk . 2010 08 09 . retrieved 2014 03 25 . stonegate pubs . stonegate pubs . retrieved 2014 03 25 . press association 2015 09 22 . mitchells & butlers calls time on chief executive alistair darby business . the guardian . retrieved 2015 09 29 . mitchells & butlers our brands . mbplc.com . retrieved 2015 03 31 . peta demand britain s oldest pub change its name from ye olde fighting cocks daily mail online . mail online . retrieved 23 august 2015 . external links edit mitchells & butlers plc v t e ftse 100 ftse 250 companies of the united kingdom 3i infrastructure aa aberdeen asset management aberforth smaller companies trust acacia mining aggreko aldermore group alliance trust allied minds amec foster wheeler ao world ascential ashmore group assura atkins auto trader group aveva balfour beatty bankers investment trust barr a.g. bba aviation beazley group bellway berendsen berkeley group holdings bank of georgia bh macro big yellow group b & m european retail value bodycote booker group bovis homes group brewin dolphin holdings british empire trust britvic brown n. btg plc cairn energy caledonia investments capital & counties properties card factory carillion centamin cineworld city of london investment trust clarkson close brothers group cls holdings cmc markets cobham computacenter countryside properties countrywide cranswick crest nicholson cybg daejan holdings dairy crest debenhams dechra pharmaceuticals derwent london dfs dignity diploma domino s pizza drax group dunelm group edinburgh investment trust electra private equity electrocomponents elementis entertainment one essentra esure euromoney institutional investor evraz f & c commercial property trust fidelity china special situations fidelity european values fidessa group finsbury growth & income trust firstgroup fisher james & sons foreign & colonial investment trust g4s galliford try gcp infrastructure investments genesis emerging markets fund genus go ahead group grafton group grainger great portland estates greencoat uk wind greencore greene king greggs gvc holdings halfords group halma hansteen holdings harbourvest global private equity hastings group hays henderson group hicl infrastructure company hill & smith hiscox hochschild mining homeserve howdens joinery hunting ibstock icap ig group holdings imi inchcape indivior inmarsat intermediate capital group international personal finance international public partnerships investec ip group jardine lloyd thompson jd sports john laing group john laing infrastructure fund jpmorgan american investment trust jpmorgan emerging markets investment trust jpmorgan indian investment trust jrp group jupiter fund management just eat kaz minerals keller kennedy wilson europe real estate kier group ladbrokes laird lancashire holdings londonmetric property man group marshalls marston s mccarthy & stone meggitt mercantile investment trust metro bank millennium & copthorne hotels mitchells & butlers mitie moneysupermarket.com group monks investment trust morgan advanced materials murray international trust national express group nb global ncc nmc health ocado group onesavings bank p2p global investments pagegroup paragon group of companies paypoint paysafe pennon