The Publican Reports that Orchid Group, the privately-backed managed pub operator which recently acquired the Premium Bars & Restaurants business, is looking to add a further 50 pubs to its estate this year.
Additionally the group’s Parkmill Pub Management (PPM) operation is looking to buy another 100 pubs in 2011.
PPM’s managing director Magnus Wilson said he would be looking at “small groups as well as individual pubs” as part of his search.
“Pubs are closing in record numbers, but we believe our success proves that many of these great locals can be turned around rather than simply written off,” Wilson said.
“With the right passion, vision and investment we can revitalise pubs which might otherwise shut their doors for good,” he added.
Recent acquisitions by PPM have been turned into Orchid’s value and premium carvery formats, a strategy the group said had proved highly successful.
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