All Young’s articles – Page 3
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Analysis & InsightBudget reaction: Wet-led community pubs hailed as winners
Alcohol duty reform was received positively and “should be introduced as soon as possible” while the one year 50% discount on business rates was seen to favour smaller operators and community pubs.
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Analysis & InsightPub deals show 'genuine demand' for market
Pub deals such as Admiral Taverns’ acquisition of Hawthorn and Punch’s of Ram Pub Company show buyers are willing to look “forwards, not backwards”, Simon Johnson of CBRE has said.
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NewsYoung’s appoints non-exec to board
Young’s has appointed Aisling Meany to its board as a non-executive director, with effect from 1 September 2021.
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NewsYoung’s trading ‘ahead of expectations’
Young & Co, has released a trading statement covering 13 weeks to July 12 stating trade is close to 2019 levels. Chairman Stephen Goodyear remains optimistic about the current financial year and that balance sheet strength leaves Young’s, ”well-placed to make further investments and generate good returns for the long term”.
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Analysis & InsightProceed with caution
The long-awaited announcement that the government was moving England to step four on its unlocking plan was met with mixed reaction this week, with operators concerned about the impact on consumer confidence.
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NewsYoung’s sells tenanted pubs to Punch
Young’s has announced an agreement to sell most of its tenanted estate to Punch Pubs & Co.
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NewsCalls to scrap social distancing for football final
Social distancing rules should be scrapped for England’s quarter-final match on Saturday, Young’s CEO Patrick Dardis has urged.
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Analysis & InsightRestrictions are ‘increasingly difficult to police’
Pubs cannot be expected to force customers to obey lockdown rules after Boris Johnson delayed the final step of reopening, bosses have said.
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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.