Magnier and McManus-backed UK pub group rebounds to pre-Covid sales levels

Horseracing tycoons John Magnier and JP McManus jointly own more than 23% of Mitchells & Butlers, which owns chains such as O’Neill’s, All Bar One and Harvester

Racing tycoon John Magnier, along with JP McManus, is a significant shareholder in UK pub group Mitchells & Butlers. File picture

Irish-backed UK pub group Mitchells & Butlers has seen a rebound to pre-Covid sales levels as consumers returned to its bars and restaurants after Britain lifted its restrictions on its hospitality sector.

Horseracing tycoons John Magnier and JP McManus jointly own – through their Elpida investment vehicle – more than 23% of Mitchells & Butlers, which owns chains such as O’Neill’s, All Bar One and Harvester.