Marston’s reveals 700 pubs to reopen from 12 April

By Nikkie Thatcher

- Last updated on GMT

Pub company plan: almost three quarters of the Marston's estate is set to reopen from next week
Pub company plan: almost three quarters of the Marston's estate is set to reopen from next week

Related tags: Marston's pub company, Managed pub estate, Pubco + head office

Pub company Marston’s will reopen about 70% of its managed and franchised estate with outdoor areas in England next week (on or around Monday 12 April).

This will be followed by the reopening of the majority of its Scottish and Welsh pubs on Monday 26 April, subject to final regulatory confirmation.

If the Government’s roadmap goes as planned, Marston’s will then reopen the rest of its managed estate in England on or around Monday 17 May with restricted inside trading.

It is assuming a return to normal trading conditions from Monday 21 June, when the Government has said it plans to remove most restrictions.

Financial results expected

The 1,500-strong operator also confirmed it had secured waivers and amendments to its bank, private placement and securitised facilities for the financial periods up to and including Saturday January 2022.

Interim results for the 26 weeks to Saturday 3 April 2021 will be announced by the group on Wednesday 19 May.

This follows the announcement that CEO Ralph Findlay will be stepping down from his role​ later this year (September).

Findlay has been at the helm of the business for the past two decades, overseeing the joint venture with Carlsberg UK as well as the operation of the SA Brain estate in Wales.

Personnel changes

The process to appoint his successor is underway and a further announcement will be made in due course.

On his departure, Findlay said it had been a privilege to lead Marston’s for 20 years, after joining the board five years prior to his appointment at the top.

"I joined the board in 1996 and have been fortunate to work with many inspirational, talented and dedicated colleagues in an industry which is very close to my heart,” he added.

“Looking ahead to reopening and welcoming customers back into our wonderful pubs, I am confident that we have great people, a fantastic team in place and that my successor will enjoy working with them and the board to take this great company forward to the next phase of its development.”

Related topics: Marston's

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