Pub operator Mitchells and Butlers (M&B) has unveiled plans to move to a food-led business model, following a wider review of the group's strategy.

The company is eyeing a move away from the "price sensitive" drinks-led model to boost its performance, while also aiming to improve returns on capital expenditure. Smaller-scale Harvester and Toby Carvery outlets could open in High Street locations under the proposals, along with leisure and retail park sites to facilitate the group's move to a food-led model.

Around £10m savings have been identified from purchasing goods not for resale, as well as overhauling the non-beer supply chain and service levels. M&B chair John Lovering said: "I am delighted with the cohesion and effectiveness of the new Board which has quickly concluded on a highly attractive growth plan for the business.

"We are already implementing the plans with targets being cascaded through the business."