Marston’s unveils differentiated formats in new strategy
Pub company Marston’s has revealed five new pub formats as part of its aim to be a “pure play hospitality business”.
Marston's
Marston’s posts 5.2% lfl sales boost
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 CASK PROJECT
OPINION: What does Marston’s sale mean for cask?
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.
Marston's exits brewing to focus on pubs
Marston’s has announced the sale of the remainder of its brewing operations as it refocuses its business to entirely focus on running its pub estate.
Marston’s ‘to dispose of £50m of non-core and unlicensed sites’
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.
Marston’s unveils new partnership agreement
Wolverhampton-based pub company Marston’s has announced a new partnership agreement, which will eventually include all partner pubs.
Christmas trade helps Marston’s boost lfl sales by 8.1%
Marston’s has reported an 8.1% boost in like-for-like sales during the festive period.
Star shines as Marston’s T&L pub of the year
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 revenue rises 9%
Marston’s pub company has reported a 9% uplift in revenue in its preliminary results for the 52 weeks ended 30 September 2023.
Marston’s CEO Andrea replaced by Merlin strategy officer
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 demands pubs be rebuilt ‘brick by brick’ after illegal demolition
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.
Crooked House pub blaze treated as ‘arson’
A fire, which tore through Britain’s ‘wonkiest’ pub just a month after its sale, is being treated as arson, according to police.
Marston’s delivers ‘strong performance’, food tie-ups to be extended
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.
Marston’s ‘to benefit’ in H2 as lfl sales rise 10.7%
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 secures extension of debt facilities
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 to market 61 freehold pubs
Large pub company Marston’s has announced its plans to market a selection of 61 freehold pubs from its estate in England and Wales.
Marston’s sees ‘positive sales momentum’
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.
Marston’s boasts strong trading year
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.
Marston’s signs Race At Work Charter
Large pub company Marston’s has joined more than 900 employers in signing up to the Race At Work Charter.
Omicron variant hits Marston’s FY sales
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 third quarter sales down 2%
Marston’s has reported like-for-like (lfl) sales were down 2% in the 42 weeks to 23 July, compared to the same period in FY2019.
Marston’s considering ‘small pub package disposal’
Pubco Marston’s is examining the possibility of selling a number of “non-core pubs” from its estate.
Franchising to be core driver of Marston’s growth
The continued evolution of Marston’s franchise operations is “in our view, a core driver of future growth”, chief executive Andrew Andrea, has said.
Marston’s reports return to operating profit
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.
UKH board member appointed as Marston’s non-executive director
Marston’s has appointed UKHospitality board member Nick Varney as a non-executive director to the board, with effect from 1 July 2022.
Marston’s reveals 50% rent support for Welsh tied tenants
Large pub company Marston’s is reducing the rent payable to 50% of the headline rent, starting from 26 December for its tied tenants in Wales.
New pub deal from Marston’s proclaimed a “game-changer”
Marston’s is hoping to reinvent the pub trading partnership with the launch of what it describes as a “game-changing” deal for operators.
Marston's wins trio of awards
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.
The story of Marston's mergers and acquisitions
The Morning Advertiser has delved into the history of Marston’s, looking at the company’s biggest deals across the years.
Big Interview
Carlsberg Marston's Brewing Company celebrates first year of merger
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.
Marston’s sales now better than in 2019 for most recent quarter
Pub operator Marston’s has seen a continuous improvement in trade since reopening in April, resulting in higher sales versus 2019.
Marston’s: Trading has been ‘better than our expectations’
Pub group Marston’s has revealed that trading since the relaxation on Monday 17 May has been “better than expectations”.
Real estate adviser appointed to sell 8 Marston's pubs for £21.6m
Global real estate adviser CBRE has been appointed by Aviva Investors to sell a collection of Marston's sites worth more than £20m.
Marston’s records £105.5m loss
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.
Marston’s appoints Andrew Andrea as next CEO
Marston’s board has announced Andrew Andrea will take the reins as its next chief executive officer from 3 October 2021.
Marston’s reveals 700 pubs to reopen from 12 April
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).
Marston’s CEO Ralph Findlay to step down
Boss of Marston’s Ralph Findlay will be stepping down from his role of CEO at the end of September, the company has announced.
JDW and M&B among pubcos to claim most furlough in December
JD Wetherspoon and Mitchells & Butlers were among the pub companies to claim the most through the furlough scheme in December 2020.
Platinum walks away from Marston’s bid
Platinum Equity Advisors has announced it does not intend to submit a revised proposal for Marston’s and will not make a firm offer for the business.
Marston’s 'unanimously' rejects Platinum share offer
Pubco Marston’s has refused a proposed takeover offer from America-based firm Platinum Equity Advisors.
Marston’s confirms private equity interest
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 anticipates pubs will be closed until March at the earliest
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.
'I'm not sure if politicians understand what burning money looks like'
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.
Marston’s takes on SA Brain’s 156-strong pub stable
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.
Marston’s records £397m pre-tax loss
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 companies announce lockdown rent plans
Pub companies including Greene King and Stonegate Pub Company have confirmed rent reductions for tenants to 10% for the second lockdown period.
2,150 Marston's pub jobs ‘will be impacted’ by additional Covid-19 restrictions
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.
Marston's announces £40m hit to sales
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.
Carlsberg UK joint venture to see Marston’s become a ‘focused pub operator’
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.
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Marston’s agrees £70m bank support and cancels 2020 dividends
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.