All Young’s articles – Page 2
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, featuring Young’s Pubs, GDK, JÖRO, and more
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NewsYoung’s: ‘We’re nowhere near the £10 pint’
Chief executive Simon Dodd told The Times he looks forward to 2025, despite an additional £11m increase in costs following the recent Budget
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InterviewsYoung’s: ‘We want to get the City Pub estate rocking and rolling’
Chief executive Simon Dodd talks to MCA about the positive momentum in the business, the “outstanding” returns it is seeing from some of its investments and opportunities to develop the City Pub estate
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NewsYoung’s achieves 22.9% increase in adjusted EBITDA
The pub operator achieved adjusted EBIDTA of £59m for the 26 weeks to 30 September 2024, with profit before tax up 3.3% to £25.3m as it benefited from a strong performance during the Euro ’24 football tournament and the integration of the City Pubs estate.
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NewsDraught duty cut is a ‘drop in the ocean’
Pub sector leaders including Nick Mackenzie, Simon Dodd, Simon Emeny, and Chris Jowsey have expressed concern that costs will continue to rise with the reduction in business rates relief and rise in National Minimum Wage
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NewsMark Loughborough leaves Young’s
The retail director, who has been with Young’s for 14 years, steps down following a review of the operational requirements of the business
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Arc Inspirations, Young’s, Ottolenghi, and more
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NewsYoung’s appoints Ian Dyson as NED
Currently chair of the board at Curry’s, Dyson’s experience also includes roles at Punch Taverns, Marks & Spencer, and Intercontinental Hotels
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Analysis & InsightLeading pub groups growing ahead of overall market
The top 10 pub groups by turnover are forecast to grow by 6.2% year-on-year – ahead of total pub market growth of 1.7%, Lumina Intelligence has forecast, with Loungers, Mitchells & Butlers and Wetherspoons leading growth
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NewsYoung’s sales up 26%
Outgoing chairman Stephen Goodyear, who addresses Youngs’ AGM for for the final time today, says the premium pub company’s strategy is delivering “industry leading results”
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InterviewsYoung’s: ‘The £10 pint remains far off for us’
CEO Simon Dodd speaks to MCA about how caution around pricing has helped drive returns, alongside a long-term strategy of investing in pubs, the offer, and people
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NewsYoung’s delivers industry-leading profitability
The pub operator has reported a revenue increase of 7.4% to £388.8m, while like-for-like revenue grew by 3.4% in the last financial year
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NewsCity Pub Group sees 20% uplift in like-for-likes
The group, which was acquired by Young’s in a deal completed earlier this year, reported total group revenue of £74.5m in 2023 and a ’fantastic’ sales performance over the festive period
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NewsYoung’s completes acquisition of City Pub Group
The deal will significantly strengthen Young’s’ presence in London and in new geographies, while bringing together two ‘complementary, culturally, strategically aligned’ businesses
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NewsIan McHoul steps down from Young’s
McHoul will step down as non-executive director when his second three-year term expires on 23 January, with Aisling Meany taking over as chair of the audit committee
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NewsShareholders approve City Pubs takeover
Shareholders voted in favour of the Young’s deal by 99.69%, which values City Pub Group at £162m
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NewsYoung’s Christmas like-for-likes up 7.2%
The premium pub group recorded several of its best ever trading weeks, with some of the highest daily sales in Young’s history
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InterviewsYoung’s: ‘Sales, profit, and dividends are all ahead of pre-pandemic’
Continued trends towards premiumisation, growth in the accommodation business, and investment in the estate have ensured the business is in good shape, CEO Simon Dodd tells MCA
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Analysis & InsightAcquisition of City Pub Group an ‘inspired move’ from Youngs
Young’s proposed £162m takeover of the Clive Watson-founded City Pub Group demonstrate its ambition to branch out of its roots as a purely regional pub company, while showing premium pub assets can still command a premium price, industry sources tell MCA
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NewsDrinks and accommodation drive growth at Young’s
The pub company reported interim results with revenue of £196.5m and room revenue termed the “standout performance” during the period