in the retailing but not the manufacture of beverages, while a Pub chain may be run either by a PubCo or by a brewery. In 2016, a number of the largest PubCo's were regulated, and tied tenants in England and Wales got new statutory rights to go free of tie or to have disputes heard by the Pubs Code Adjudicator. Pubs within a chain will usually have items in common, such as fittings, promotions, ambience and range of food and drink on offer. A pub chain will position itself in the marketplace for a target audience. One company may run several pub chains aimed at different segments of the market. Pubs for use in a chain are bought and sold in large units, often from regional breweries which are then closed down. Newly acquired pubs are often renamed by the new owners, and many people resent the loss of traditional names, especially if their favourite regional beer disappears at the same time. In 2009 about half of Britain's pubs were owned by large pub companies. Brewery tap A brewery tap is the nearest outlet for a brewery's beers. It is usually a room or bar in the brewery itself, although the name may be applied to the nearest pub. Types A pub has no strict definition, but CAMRA states that a pub has four characteristics: Open to the public without membership / residency Serve draught beer or cider without requiring food be consumed Have at least one indoor area not laid out for meals Allow drinks to be bought at a bar (i.e. not only table service) Together these characteristics differentiate pubs from restaurants and hotel bars, although some pubs also serve as restaurants or hotels. Gastropub A gastropub is a hybrid pub and restaurant, notable for serving good quality beer, wine and food. The name is a portmanteau of "gastronomy" and "public house", and was coined in 1991 when David Eyre and Mike Belben took over The Eagle pub in Clerkenwell, London. The concept of a restaurant in a pub reinvigorated both pub culture and British dining, though has occasionally attracted criticism for potentially removing the character of traditional pubs. In 2011, The Good Food Guide suggested that the term has become irrelevant such is its commonality these days. Country pub A "country pub" is simply a rural drinking establishment, though the term has acquired a romantic image typically