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London Town

London Town is to undergo a pre-pack administration through PricewaterhouseCoopers, with about 200 pubs going to Anglo Irish Bank and a further 150 to a new vehicle.

London Town has acquired GRS Inns, the chain of 60 unbranded leasehold pubs, for £4.3m.

London Town has bought 39 pubs across the country from Save for £16m, in order to expand its Bankside Developments and Inn Investment subsidiaries.

London Town has bought 167 pubs from Save Investments for £95m, including 162 freehold and five leasehold properties.