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Twenty Isle Of Wight Pubs Under Threat As Stonegate Issues Profit Warning

More than 750 Stonegate pubs — including 20 on the Isle of Wight — are in serious danger of having pulled their last pint, the GMB Union has warned.

Stonegate says there is no guarantee it can continue as a going concern, as it struggles to refinance a £2.2bn debt mountain.

Stonegate is one of the largest pub companies in the UK, with more than 4,500 pubs and more than 19,000 workers, including brands like Slug and Lettuce, Yates and Walkabout.

The chain has 758 pubs across South East England.

Nadine Houghton, GMB National Officer, said:

"TDR bosses are private equity gamblers - playing fast and loose with people’s jobs and lives.

“When their risky ventures go wrong, they swan off to their next project, leaving workers and communities to pick up the pieces.

“Now, hundreds of much loved pubs across the South East are now in serious danger of pulling their last pint.

“It’s a disgrace.”

The 20 Stonegate pubs on the Isle of Wight are:

  • White Hart Inn — Ryde
  • Fleming Arms — Binstead
  • Vine Inn — St Helens
  • Sun Inn — Calbourne
  • White Lion — Arreton
  • Pier View Hotel — Cowes
  • Anchor Inn — Cowes
  • Red Lion — Freshwater
  • Slug & Lettuce — Newport
  • Hogshead — Newport
  • Castle Inn — Newport
  • Wheatsheaf Hotel — Newport
  • Fever — Newport
  • King Lud — Ryde
  • Horse & Groom — Ningwood
  • New Inn — Shalfleet
  • Wheatsheaf Inn — Yarmouth
  • Falcon Hotel — Shanklin
  • Woodmans Arms — Wootton
  • The Griffin — Godshill

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