All Young’s articles – Page 3
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NewsYoung’s makes bid to acquire City Pubs, valuing it at £162m
According to Young’s, it has closely followed the City Pubs estate for some time and holds the premium, well-invested, and wet-led approach in high regard, presenting an attractive opportunity for Young’s to drive future growth
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Young’s Pubs, Lucky Voice, Nando’s, Dishoom and more
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NewsYoung’s acquires three Marston’s pubs
The Libertine in Bournemouth, White Hart in North Chippenham and White Lion in Tenterden are from Marston’s premium Revere division
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NewsYoung’s continues strong summer trading
The pub operator has released a statement ahead of its AGM today, with revenue in the first 13 weeks of 2023 up 6.8% on a like-for-like basis vs 2022
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NewsGoodyear to step down from Young’s
The non-executive chairman will step down after the pub company’s AGM in July 2024, and will be suceeded by corporate lawyer Steve Cooke, currently of Slaughter and May
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Analysis & InsightYoung’s has strongest balance sheet in freehold pub sector
Excluding leases, net debt/EBITDA is 1.1x at the pub operator and brewer, according to a note from analyst Peel Hunt
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InterviewsYoung’s: ‘We are optimistic for the year ahead’
Young’s saw like-for-like sales up 10% last week, with all regions except the West Country up on pre-pandemic levels and central London now its best performing region, CEO Simon Dodd tells MCA
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NewsYoung’s overcomes cost pressures to deliver profit growth
Revenues increase 19.4% to £368.9m, boosted by sunshine, the winter World Cup, and the recovery of the City and central London
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NewsIn Pictures: Young’s launches City wine bar
The Bishop’s Vaults opens on the former Boisdale of Bishopsgate site, the intimate bar paying homage to the original features of what was once an underground cellar
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NewsYoung’s appoints new non-executive director
Sarah Sergeant will join the board at the pub company and brewer with effect from 1 March 2023.
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NewsDardis joins Brasserie Bar Co as NED
Former Young’s chief executive Patrick Dardis joins the operator of White Brasserie and Brasserie Blanc as it looks to grow to 70 sites over the next three to five years
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InterviewsYoung’s: ‘We are still very acquisitive’
The pub operator has got the strength in its balance sheet and business model to get through the current headwinds, and is still focused on growth, CEO Simon Dodd told MCA
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NewsYoung’s revenues rise beyond pre-pandemic levels
Young’s has announced its interim results for the 26 weeks ended 26 September 2022, with like-for-like revenue ahead of 2019 by 6.2%
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NewsYoung’s appoints first retail director
Mark Loughborough, currently senior director of operations, will join the board on 30 September 2022
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NewsOutgoing Dardis toasts strong Young’s results
The premium managed pub operator is “firmly back in business” with profit before tax of £41.8m
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NewsYoung’s launches flexi-work platform
The Ram Agency enables staff to choose their own hours while attracting prospective employees to work across its estate
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NewsSimon Dodd to take over as CEO of Young’s
Patrick Dardis, who has been with the pub company for 20 years, will step down at this year’s AGM on 5 July 2022
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NewsYoung’s to acquire Lucky Onion pubs
The London-based pub company is reported to be buying six of the seven properties within the Cotswold-based Lucky Onion, which was owned by Superdy co-founder Julian Dunkerton
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NewsOperators welcome move to cut self-isolation period
The government’s decision to reduce the duration of self-isolation to five days is expected to significantly improve staff availability in the hospitality sector.
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Analysis & InsightHospitality united in calls for VAT and business rates relief
While some operators are in favour of the reintroduction of the furlough scheme, not all think it should be a key pillar of government support in the current crisis