Without the beer tie (sometimd doubling the price of a barrel) pubco's lose their financial safety net. The smokeban has caused the pubco's biggest protection factor to be removed through pending legislation - the Beer Tie. His dedication has not waivered during good and bad times and he will leave a business poised to benefit from an improvement in economic conditions."Ĭommittment? Oh yes, committed to destroying our social structure through multiple closures within the Punch empire!Īnd as for 'leaving a business posed to benefit.' - from what? Aren't words cheap when they suit! Human Rights, Property rights etc.Ĭhairman Peter Cawdron added: "I would like to thank Giles for his incredible commitment and drive that he has brought to Punch during his time with the business. The certainty is that they will no more until all the major players unite and demand the rights we are all afforded under law. Perhaps they once flourished as Punch Taverns did. Now why is that Giles/Ted? Perhps it is because they are useless businesses. And how much money have tenants had to waste on those less than useless tinpot constructions Giles, only to get less usage than a second hand stamp!Īdmiral Taverns have 'released 200 pubs for sale recently. Good solid community pubs are falling like flies as smokers stay away for they simply refuse to enjoy their entertainment in 'shelters' not even deemed fit for pigs. When Punch (& Enterprise) raised no onjection to the implementation of a total indoor smokeban they effectively signed their own death warrants,for this industry will never recover from the onslaught of this legislation. One couple could not even earn that the week before they closed for ever! Do you remember The Family Tree in Bognor Regis Giles? Do you remember the misery and stress they went through before Peter finally had a massive heart attack and was hospitalised? Do you remember your 'BDM' employing a builder to break in and reclaim the pub - leaving them homeless? While Giles has been reaping vast rewards of position and decision making licensees/tenants have been going bankrupt at an alarming rate, losing their businesses which are also their homes.Many had the pleasure of earning nearly £50 per week for their endeavours! It's the one that is crippling the hospitality sector! It's the one that signed the death knell for thousands of pubs & clubs. It's the one that you lapped up the false promises of 'millions of new clean air customers' would be stampeding the doors. It's the one that you both feared that 'landlocked pubs' might have to close. It's the one that guaranteed 68% of your core customers would walk out in disgust. It's the one that you & Ted Tuppen represented the industry at government level but rolled over like 'tickly-tum doggies!
The last 2 years have not been the problem though Giles, the last 32months have! They are the months this business crippling smokeban has been in place-you know the one Giles. Meaning, having invested heavily in previous years, Giles now leaves the sinking ship which happens to be £3.8bn in debt - with virtually no hope of ever hitting the 'evens-stevens' mark!. "Having grown Punch into Britain’s largest pub company, the past two years we have faced the worst recession for a generation and significant structural and political challenges to the industry." So this was already well known within the Punch structure - interesting that! Punch said it is "well advanced" with the process of finding a successor and that there will be an "orderly transition". After 9 years at the helm of the good ship Punch Taverns, Giles Thorley is resigning hi vastly paid commission in favour of other pursuits.
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