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Markets News

UK's Mitchells & Butlers posts sales slump as pandemic hits demand

Sept 24 (Reuters) - Mitchells & Butlers said on Thursday total sales for 51 weeks ended Sept. 19 fell 35%, due to store closures and sharp slump in demand amid widespread COVID-19 restrictions.

“The future remains both challenging and uncertain, with only this week a curfew and other additional restrictions being imposed on how and when we can operate,” the UK pub operator said.

Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by Ramakrishnan M.

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