Published: 2019-01-19 by, News Team in the Food & Drink news category
In the midst of mounting apprehensions surrounding the financial stability of the Stonegate Pub Company, the GMB union has brought to light a concerning list of potentially "at-risk" establishments.
The tally, exceeding 4,500 pubs nationwide, includes a substantial 446 in London alone. Among these, well-known chains such as Slug & Lettuce and Be At One, integral parts of the city's social fabric, are operated by the Stonegate Pub Company.
Justin Bowden, the GMB regional secretary, has voiced significant unease regarding the financial transparency of Stonegate Pub Company, particularly noting the company's ultimate holding entity located in the Cayman Islands.
He emphasizes the pressing need for accountability to local communities, underscoring the pivotal role of these 4,500 pubs as community assets.
Despite reassurances from TDR Capital's managing partner, Gary Lindsay, about the potential refinancing of Stonegate Pub Company's debts, concerns linger about the ramifications for local establishments.
Stonegate, in response, has affirmed its ongoing commitment to substantial investments in pubs and unwavering support for local communities.
Of particular note are two beloved Chiswick pubs currently facing the unsettling prospect of closure:
Queens Head - 12 Sutton Lane North, Chiswick, London, W4 4LD
Connollys Bar & Diner - 450 Chiswick High Road, Chiswick, London, W4 5TT
These establishments not only serve as gathering spots for locals but also contribute significantly to the cultural and social tapestry of the Chiswick community.
The fate of these beloved Chiswick pubs serves as a poignant reminder of the broader challenges confronting the hospitality industry, urging heightened community awareness and support during these uncertain times.
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