Managed UK pubs concern
Barracuda operates more than 200 managed pubs and bars in England, Scotland and Wales, split between five main brands: Smith & Jones, Varsity, Barracuda bar, Juniper and Cape.
According to the company, which declined to comment on the latest reports, it is one of the 10 largest managed pub operators in the UK, with annual turnover of more than £100m.
The UK pubs sector has suffered from the recent downturn, but also over the longer term from the dramatic gap that has opened up between supermarket prices and on-premises prices. Retail chains in particular have cut beer prices aggressively, breaking traditional drinking habits.
KPMG, administrator to UK textile retailer