Mitchells & Butlers plc (also referred to as "M&B") runs over 2,000 managed pubs, bars and restaurants throughout the United Kingdom. The Company's headquarters are in Birmingham, England, United Kingdom. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Their most famous beer was Brew XI (pronounced Brew Eleven), advertised with the slogan "for the men of the Midlands". It is now brewed under licence for Coors by Brains of Cardiff. Bass plc transformed into separate brewing and retail divisions following the Beer Orders of 1989 and then proceeded to build a large hotel portfolio alongside its bingo, betting and electronic leisure interests. In the late 1990s the latter interests were sold. In 2000, it also divested its brewing arm and rebranded itself Six Continents before another split in 2002 into two separate companies, with the hotel assets forming InterContinental Hotels Group and the Mitchells & Butlers name brought back for the pubs and restaurants company.
Mitchells & Butlers purchased 127 Harvester restaurants in September 1995 and by 2006, it had 130. In 2001, it added Arena, Emberinns, Flares, Goose, Sizzling Pub Co, Browns, Alex and Inn Keeper's Lodge to its list of brands.
In January 2008, Mitchells & Butlers announced significant losses arising out of closure of hedge positions taken in anticipation of a property joint venture that were eventually cancelled due to the credit crunch caused by the 2007 subprime mortgage financial crisis.