All Marston’s articles

  • Garden Grill from Marston's

    Marston’s looks to reopen 70% of estate next week


    Marston’s has said it is planning to reopen 70% of its estate in England from 12 April, and subject to regulatory confirmation, the majority of our Scottish and Welsh pubs on 26 April.

  • Ralph Findlay

    Dominic Walsh: Time at the bar


    When Ralph Findlay announced he would be stepping down as chief executive of Marston’s at the end of September, after 20 years in the role, I experienced a number of emotions.

  • Ralph Findlay

    Ralph Findlay to leave Marston’s


    Ralph Findlay has announced he is to step down as CEO of Marston’s after 20 years in the role.

  • Marstons

    Marston’s seeks bondholder waivers for third time


    Marston’s has once again asked its bondholders for a number of waivers of its financial covenants, for the second half of 2021.

  • SA Brain

    Darby steps down from Brains


    SA Brain CEO Alistair Darby has stepped down from the company after the completion of a deal that sees Marston’s take over the running of its pubs.

  • Marston's_Pitcher Piano Hitchin

    Marston’s rejects share offer from Platinum Equity


    The board of Marston’s has unanimously rejected a proposal of 105 pence per share, from Platinum Equity Advisors, stating that it “very significantly undervalues” the business.

  • Marston's - Lazy Pig in the Pantry external
    Analysis & Insight

    Analysts’ verdict: Liberum on Marston’s


    An offer for Marston’s could come in at above 100p per share, according to analysts Liberum, in a note issued following the news that Platinum Equity Advisors had received an unsolicited non-binding proposal from the American PE firm regarding a possible cash offer for its share capital.

  • Marstons

    Marston’s piques private equity interest


    Marston’s has confirmed reports that Platinum Equity has made an initial approach to take the company private.

  • London skyline
    Analysis & Insight

    Peel Hunt on 2021: A year of two halves


    Q1 is traditionally the quietest quarter in licensed retail; it is when tenants are most likely to hand back the keys. Sadly, without any additional government support and with the rent moratorium ending in March (with 15 months of rent due in some cases), many private companies could run out of liquidity. Many sources have suggested a 20-30% supply reduction. We are more optimistic than this due to corporate activity. The speed and direction of capital reallocation will be critical to this, in our view.

  • Marstons

    Marston’s strikes deal with Brains


    Marston’s has announced a deal that will see it operate 156 Brains pubs in Wales. The combination of leased and management contract arrangements consists of a freehold estate of 86 managed and 55 tenanted pubs, together with a leasehold estate of 15 managed pubs and bars. It employs around 1,300 people. Marston’s already has 106 pubs in Wales but plans to continue to operate the existing 156 Brains pubs under the Brains brand. Marston’s will operate the 141 freehold pubs on a leasehold basis from February 2021, with rent chargeable from April 2021. The majority of these will be on long lease agreements of 25 years. The deal is set to complete in February 2021.

  • Revere-Pub-Company-to-expand-with-new-brand_wrbm_large

    Marston’s refocused pub business will have ‘firmer pricing outlook’


    Marston’s CEO Ralph Findlay has shared with MCA details of an executive restructure at the company, which sees previously separate divisions brought under a single pubs business. 

  • MARSTONS_Pint_Glasses

    Marston’s reports statutory loss of £397m


    Marston’s made a total loss of £397.1m in 2020 following the closure of its pub estate for 15 weeks.

  • Marstons

    Marston’s waivers request approved by noteholders


    Marston’s request to the holders of its secured class A notes for a number of further technical waivers during the first half of 2021 has been approved. In an announcement to the London Stock Exchange last month, the pubco formally requested the waivers as a precautionary measure following the renewed lockdown restrictions introduced in Wales and England.

  • Marston's

    Marston’s and Carlsberg UK complete joint venture


    Marston’s has announced the completion of its £780m joint venture with Carlsberg UK.

  • Marston's Pedigree

    Marston’s: 2,150 jobs at risk


    Marston’s has released a trading update saying group sales are down 30% on last year to £821m. Total pub sales for the year were £515m, down 34% on last year. It also said that 2,150 jobs are at risk due to the new restrictions. “This year has been testing on many fronts,” said CEO Ralph Findlay. “Trading has been difficult, but to operate at 90% of last year on a like-for-like basis is better than our forecast, ahead of the market and a highly creditable result. In part, this is because most of our pubs are in suburban or community settings, and we have relatively few pubs in city centres which have been worst hit by changes in working habits.

  • MARSTONS_Pint_Glasses

    Dominic Walsh: On the Marston’s and Carlsberg JV, and Just Eat


    Phew, the relief! For the first time since the lockdown here was a story that was not about coronavirus. And what a story: Marston’s to exit brewing. Well, almost. When its £780 million brewing joint venture with Carlsberg was announced, I described it as an acceleration of “the redrawing of Britain’s brewing landscape” and I see no reason to change my view.

  • MARSTONS_Pint_Glasses

    Marston’s and Carlsberg UK form joint venture partnership


    Marston’s and Carlsberg UK have formed a new joint venture partnership, Carlsberg Marston’s Brewing Company (CMBC).

  • MARSTONS_Day_2_Jan_2019-1662_300dpi_CMYK

    Goodbody and JP Morgan on Marston’s


    Goodbody has said it retains its “cautious view” on Marston’s in terms of investment due to the fact it has endured an extended period of muted like-for-like growth, it said in a note following Marston’s preliminary full-year results update on Wednesday (27 November).

  • Marstons-food shot- Harbour Spring Peterhead

    Ralph Findlay: ‘We are behind the market on food’


    Marston’s is to adopt a “renewed focus” on the proposition in its food-led pubs after falling behind the market with its offer, chief executive Ralph Findlay told MCA.

  • Marston's

    Glickman to step down as NED at Marston’s


    Marston’s has announced that Catherine Glickman is to step down as a non-executive director.