Mitchells & Butlers is one of the UK's two biggest operators of pubs, bars and restaurants by revenues, although it is dwarfed in terms of outlets by larger tenanted pubs groups such as Enterprise Inns or Punch Taverns. With traditional drinking pubs now in terminal decline in Britain, the group has gradually reinvented itself as a restaurant business. Brands include family friendly Harvester Pubs and Toby Carveries, city bar chain All Bar One and the Browns casual dining chain. However, the group has been repeatedly distracted from its corporate strategy by a series of battles with investors and disastrous attempts at financial speculation. These have led to a succession of different chairmen and chief executives since 2008. Phil Urban is CEO. Revenues for the year to Sept 2017 were £2.18bn. The current business was created in 2003 from the spin-off of the portfolio of UK-based leisure retail brands owned by what is now InterContinental Hotels Group, but was previously the Bass Charrington breweries and pubs group.
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