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Enterprise chief bites back in Wetherspoons argument
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22 January 2009
A bar-room brawl erupted between two of Britain's biggest pub groups today as Ted Tuppen, chief executive of Britain's second-biggest pubs group Enterprise Inns, said: "I don't take Wetherspoons terribly seriously."
Tuppen was responding to JD Wetherspoon founder Tim Martin, who yesterday described Enterprise and Punch Taverns, his two biggest rivals, as "finished", and said Enterprise's prices were too high.
Enterprise today posted an 8% fall in income per pub, 6% drop in like-for-like beer sales and 7% rental revenue decline. Wetherspoon, meanwhile, reported a good Christmas with like-for-likes up 3.7%.
But Tuppen said his figures were "a good result for the current climate", and the rate of decline was "in line with expectations".
While Enterprise said it expected the coming months to be "very challenging", it claimed its balance sheet remained "robust" and it would be helping pubs to increase revenue in the coming year.
"There are so many other reasons for going to the pub than price. Quality, sense of community, and service are far more important for our pubgoers," said Tuppen. "We'll be spending £45 million helping licensees to develop new business. But we don't compete with Wetherspoons in many locations — and anyway, we think that if people want cheap beer and nothing else, they'll go to the supermarket."
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