London Town goes into administration

After months of speculation London Town, the indebted property developer turned pub operator, has gone into administration.

In a complicated deal while the group’s holding company, London Town plc, has gone into administration the two companies – GRS Pubs Ltd and GRS Pub Investments Ltd – which hold the group’s 200-odd freehold pubs have not gone into administration and continue to trade as normal under the guidance of administrator David Chubb of PricewaterhouseCoopers (PwC )

Read more: