Mitchells & Butlers starts recap with billionaire backing

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Mitchells & Butlers starts recap with billionaire backing

Aidan Gregory
February 22, 2021 11:00 AM
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Tottenham Hotspur owner Daniel Levy and Joe Lewis in the stands during the UEFA Champions League Final at the Wanda Metropolitano, Madrid. | Mike Egerton/PA

UK pub and restaurant group Mitchells & Butlers has fixed the terms for its £350m recapitalisation, which is intended to repair its shattered balance sheet after the third UK lockdown forced further closure of its venues.

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