Stonegate buys The Living Room

Stonegate, Britain’s largest private managed pub group, swallowed up the Living Room brand from Premium Bars & Restaurants on Monday for around £10m. Stonegate was created in 2010 when its private equity owner TDR Capital bought 330 managed pubs from Mitchells & Butlers. In 2011 it merged with Town & City Pub Company and now has 560 sites, including the Slug & Lettuce brand. The Living Room has 13 UK sites including at Tower Bridge.