Pub company Marston’s has confirmed reports that US-based Platinum Equity has made an initial approach to take the Wolverhampton-based operator private.
Marston’s chief executive Ralph Findlay has described an extended business rates holiday and a VAT cut throughout 2021 as a ‘minimum requirement’ after the imposition of England’s third national lockdown.
Despite the company exhibiting symptoms of the Covid-19 crisis such as dented profits and sounding off job loss warnings, Marston’s Ralph Findlay argued the operator exits 2020 in better shape than it entered.
Pub company Marston’s has announced it will operate SA Brain’s portfolio of 156 pubs in Wales on a combination of leased and management contract arrangements, safeguarding 1,300 jobs.
Pub operator Marston’s has revealed that it made a total loss of £397.1m during the year to 3 October 2020 following the closure of its near 1,400 strong pub estate for 15 weeks.
Pub operator Marston’s has revealed the Government's new Covid-19 measures, including the enforced closure of almost 40 of its pubs, will put more than 2,000 roles at risk.
Pub company Marston's experienced a hit of £40m to sales due to the coronavirus lockdown, prompting its chief executive to say he was uncertain about how its pubs would perform in the short-term reopening period.
The creation of the Carlsberg Marston’s Brewing Company will see Marston’s hand over the keys to its beer business and become a ‘focused pub operator’ for the first time in its near 200-year history.
Pub operator and brewer Marston’s has announced further measures to strengthen its balance sheet in a bid to weather the ongoing novel coronavirus emergency.
Marston’s has rebuked the Campaign for Real Ale’s (CAMRA) claims the pubco and brewer is doing too little to financially support its tenants and licensees during the coronavirus lockdown, The Morning Advertiser can reveal.
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