All Young’s articles – Page 4
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NewsYoung’s tenanted disposal could provide ‘catalyst for acquisitions’
Young’s could step up its acquisition of managed pubs if its mooted disposal of the Ram Pub Company goes ahead.
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InterviewsYoung’s: ‘It’s the right time to sell our tenanted business’
The decision by Young’s to divest its tenanted division Ram Pub Company is actually part of the pub operator and brewer’s growth strategy, “if it comes to fruition”, chief executive Patrick Dardis has told MCA.
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NewsYoung’s sees revenue down 30% but confident about the future
Young’s saw group revenue fall by around 30% on the previous year, for the 52 weeks to 29 March 2021, from £311m in 2020, to £90.6m.
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NewsYoung’s explores tenanted sale
Young’s has confirmed that it has appointed Savills about a potential sale of its tenanted estate.
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Analysis & InsightOpening night: ‘All very calm, well behaved and respectful’
Having waited months to welcome customers back inside, for one operator, 17 May was just like a normal Monday.
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NewsPubs poised to bring back drinking at the bar
Senior leaders at some of the UK’s biggest pub companies are gearing up for customers to be able to drink at the bar from 21 June, the Telegraph has reported.
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NewsPub sector rebuffs calorie labelling proposals
The pub sector has challenged the logic of introducing calorie labelling for on-trade drinks at a time when many operators in the hospitality industry are battling for survival.
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NewsYoung’s forecasts positive cash flow by May
Young’s has announced plans to reopen 140 of its managed pubs with outdoor spaces on or around 12 April, as well as an update to its finances which it gives it available borrowing facilities of £225m.
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Analysis & InsightOutside chance: hospitality gears up for alfresco April
Many operators are throwing everything they have at outdoor dining this April and beyond. But will the industry make hay while the sun shines or will the whole exercise be a damp squib?
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Analysis & InsightRoadmap ‘too little too late’ and ‘worse than the worst-case scenario’
Sector leaders have criticised the Government for once again “penalising hospitality” with its reopening strategy, forcing pubs and restaurants to wait a further three months before they can operate inside. The proposed reopening timeline has been branded “too little too late,” and “worse than the worst-case scenario” by operators from all corners of the sector, who have warned that without significant support in next week’s Budget, there will be a “devastating” fallout for businesses.
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NewsDardis says industry needs certainty on reopening
Patrick Dardis, chief executive of Young’s Pubs has told the Evening Standard that although he would have preferred an April reopening date for the pub sector, he would take a clear roadmap with a later opening over uncertainty.
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NewsOfficials accused of ‘intimidation’ over enforcement of pub rules
Police have been accused of “overzealous” enforcement of tier 2 restrictions in pubs, with landlords reporting officers arguing over “substantial meal” regulations and throwing out customers after they finished eating.
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InterviewsYoung’s CEO Patrick Dardis: ’We’re going to see this through very comfortably’
Normally when a CEO of listed pub company suggests a set of financial results are not really about the numbers, it would raise the eyebrow of an attentive journalist.
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NewsYoung’s: Toughest times in 189 years
Young’s CEO Patrick Dardis has described the last six months as the toughest period in its 189 years. In its half year H1 report for the 26 weeks to September 2020, it said sales were £55.1m, compared to £168.2m the year before, with the business recording an adjusted operating loss before tax of £19.2m. However it said was encouraged by the fact that sales since reopening on 20 July were 84% of last year. “Our business recently celebrated 189 years and the last six months has been one of the toughest periods in that incredible journey,” said Dardis.
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NewsYoung’s to accelerate Redcomb investment
Young’s investment in Recomb Pubs will be sped up and completed by April 2020, CEO Patrick Dardis has told MCA.
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NewsH1 was ‘game of two halves’ for Young’s
Young’s & Co has reported a total revenue increase of 7.3% for the 26 weeks to 30 September 2019, in a period it described as a ‘game of two halves’.
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NewsBurger Shack is still a growth opportunity for us, says Dardis
Young’s Burger Shack concept is still a growth opportunity for the business, chief executive Patrick Dardis, told MCA.
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NewsYoung’s in talks to acquire Redcomb
Young’s is in talks to acquire south east-based pub, bar and restaurant operator, Redcomb, MCA understands.
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Young’s acquires Wildwood site
Young’s has acquired the Wildwood restaurant in Cobham, MCA understands.
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Young’s to re-open Smiths in the City as The Candlemaker
Young’s will re-open the Smiths site in the City, which it acquired last November, this spring under the name The Candlemaker