All Young’s articles – Page 5
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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
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Young’s gains employer provider status
Young’s has been awarded “employer provider status”, allowing it to become an official training provider for apprentices
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NewsYoung's acquires Grand Union sites
Young’s has bought back three sites from Grand Union, the Luke Johnson-backed London-based bar chain, which was placed on the market last year
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Young’s launches interactive app experience
Young’s, has launched a new mobile app, ‘Young’s On Tap’, which it said will “transform the pub experience for all its customers”
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Young’s to make Cambridge debut
Young’s is set to open its doors to the community at CB1, its new development in Cambridge, which will mark its debut in the city
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Young's & Geronimo to launch rum shack pop-ups
A string of ’rum shack’ pop ups are set to take over a number of Young’s Pubs and Geronimo Inns over the next two months
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Analysis & InsightHad their fill?
Did the recovery in the wider economy mean that timing was always against Red Hot World Buffet emerging from the swathe of all-you-can-eat buffet operators that sprung up during the downturn? At the same time, Mark Wingett looks at the upcoming change at the top at Young’s and whether anyone will take up the challenge of unlocking the potential of Loch Fyne from Greene King.
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NewsDardis to succeed Goodyear as Young’s CEO
Young’s has announced that Patrick Dardis, the company’s current retail director, will succeed Stephen Goodyear as chief executive
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NewsTurner steps down from Geronimo Inns
Ed Turner, managing director of Young’s Geronimo inns, has stepped down from the board with immediate effect and is leaving the Young’s group