While pub operator Marston’s has revealed a £105.5m pre-tax loss in the 26 weeks to 3 April, the firm cites post-lockdown sales hitting 80% of pre-pandemic levels as cause for optimism.
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).
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.
![Social fabric: 'It is vital that they [pubs] not only survive the short-term crisis but are supported in order to recover and flourish,' Marston's Ralph Findlay explained](https://cdn-b.william-reed.com/var/wrbm_gb_hospitality/storage/images/publications/hospitality/morningadvertiser.co.uk/article/2021/01/08/when-does-marston-s-anticipate-its-pubs-will-reopen/3658460-1-eng-GB/When-does-Marston-s-anticipate-its-pubs-will-reopen_news_teaser_medium.jpg)
