Punch Pubs sold to US private equity investor Fortress

Punch Pubs sold to US private equity investor Fortress

Punch Pubs has been bought by the private equity investor Fortress in a deal for almost 1,300 British pubs thought to be worth as much as £1bn. The company’s pub landlords employ about 20,000 people, although Punch employs only 280 people directly. Punch owns more...