All Young’s articles – Page 3
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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
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InterviewsYoung’s CEO: ‘We’re back’
CEO Patrick Dardis emphasised Young’s strong financial health and said the pub company plans to invest a record £30m capex next year.
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NewsYoung’s: ‘Well positioned for long-term growth’
Pub operator Young’s has reported ‘strong trading’ as a result of last year’s capex programme and consumer demand.
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Analysis & InsightBudget reaction: Wet-led community pubs hailed as winners
Alcohol duty reform was received positively and “should be introduced as soon as possible” while the one year 50% discount on business rates was seen to favour smaller operators and community pubs.
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Analysis & InsightPub deals show 'genuine demand' for market
Pub deals such as Admiral Taverns’ acquisition of Hawthorn and Punch’s of Ram Pub Company show buyers are willing to look “forwards, not backwards”, Simon Johnson of CBRE has said.
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NewsYoung’s appoints non-exec to board
Young’s has appointed Aisling Meany to its board as a non-executive director, with effect from 1 September 2021.
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NewsYoung’s trading ‘ahead of expectations’
Young & Co, has released a trading statement covering 13 weeks to July 12 stating trade is close to 2019 levels. Chairman Stephen Goodyear remains optimistic about the current financial year and that balance sheet strength leaves Young’s, ”well-placed to make further investments and generate good returns for the long term”.