Pub operator Marston’s has announced like-for-like sales growth of 5.2% in the year to date and has confirmed the sale of its remaining brewing business will complete next week on 31 July.
The announcement last week that Marston’s has sold its 40% stake in Carlsberg Marston’s Brewing Company (CMBC) to its Danish partner for £206m has deepened the gloom around the already beleaguered cask ale category.
Pub company Marston’s has revealed it expects to dispose of £50m of non-core and unlicensed sites in its latest trading report, for the 26 weeks ending 30 March 2024.
Publican Ally Heath praised her team after the Star in Penkridge saw off all other competitors to be crowned pub of the year in Marston’s tenanted & leased annual awards.
Marston’s CEO Andrew Andrea has agreed with the board he will step down from his role with immediate effect and will be replaced by Merlin Entertainment chief strategy officer Justin Platt.
CAMRA has demanded pubs that have been converted or demolished illegally must be rebuilt “brick by brick” after finding more than 30 sites may have suffered such fates in the past six months.
Pub operator Marston’s has “delivered another strong trading performance” and is also set to increase the number of food-led partnerships in its sites after a successful trial.
Midlands-based pub operator Marston’s has invested heavily in the first half (H1) of its current financial year (FY23) with an eye to “capitalise on the benefits” in the second period of the FY.
Marston’s has announced it has successfully secured an amendment and extension of its bank and private placement debt facilities to the end of January 2025.
Marston’s has reported like-for-like sales up 4.5% for the 16-week period to 21 January 2023 compared to FY2020, the last period unaffected by Covid-19.
It’s been a strong year for Marston’s, as the company’s latest trading results revealed improved profitability, an uptick in net asset value and positive cash flow.
Total like-for-like (lfl) sales at community-focused pub operator Marston’s were 1% down on the same period in 2019 – the last time unrestricted trading was possible – the group said in its trading update for the 52 weeks to 1 October 2022.
Marston’s PLC has reported a return to pub operating profit and normalised trading, with like-for-like (LFL) sales at 97% of 2019 levels in the 26 weeks ending 2 April.
Pub operator and brewer Marston's has won three awards at the 2020/2021 International Green Apple Environment Awards, which has recognised and rewarded companies globally for best environmental practice since it launched in 1994.
A year ago, brewing giants Carlsberg UK and Marston’s joined forces to become Carlsberg Marston’s Brewing Company (CMBC). Here, CMBC chief executive Paul Davies tells The Morning Advertiser what’s been achieved in the year and what’s yet to come.
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.
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.
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