Sunday February 23, 2020

Pubs laden with €2bn of debt - report

Irish pubs are laden with €2 billion of debt, after bar sales fell by a third from the height of the boom, according to AIB.

28th August, 2013
Half of pubs reported a drop in sales last year.

Irish pubs are laden with €2 billion of debt, after bar sales fell by a third from the height of the boom, according to AIB.

“The pub sector has borne the brunt of the recession in Ireland’s domestic economy,” the bank said in the report. “One in four pubs have reduced their weekday opening hours.”

Half of pubs surveyed for the bank reported a drop in sales last year.

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