The future of 44 pubs in the London Town group is under threat after the company entered a pre-pack administration last week.
PricewaterhouseCoopers was appointed as joint administrator of London Town and one of its subsidiaries, GRS Inns on Friday.
A group headed up by London Town's existing management has bought the pubs business, taking over most of the existing staff, under a complicated restructuring deal.
London Town operates 350 pubs under lease and tenancy agreements or through the direct management of pubs, while GRS Inns operates 44 leased pubs.
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