Wetherspoons puts 32 pubs up for sale as food and labour costs rise

Wetherspoons puts 32 pubs up for sale as food and labour costs rise
Wetherspoons puts 32 pubs up for sale as food and labour costs rise

Arabnews24.ca:Wednesday 28 September 2022 11:12 AM: JD Wetherspoon has announced it is selling 32 pubs due to rising food and energy costs and a lack of staff.

The pub chain, which has around 300 pubs and hotels in the UK and Ireland, said it made the decision because it was at risk of millions of pounds in upkeep and increased wages.

Eddie Gershon, its spokesman, said: "On occasion, Wetherspoon does put some of its pubs up for sale. This is a commercial decision.

"We understand that customers and staff will be disappointed with it. The pubs will continue to operate as Wetherspoon outlets until they are sold."

The pubs are in city centres across England, with 10 in London, including in Battersea and Islington.

In May Tim Martin, the chain's boss, announced a series of widespread changes to the business as a result of increasing costs.

This included a rise in drink prices of 10p for a pint across the country and 20p in London.

More from Business

The sales are being handled by commercial property specialists CBRE and Savills.

Toby Hall, senior director at CBRE, said: "The excellent mix of locations in this portfolio is rarely seen in the market.

Advertisement

"With more than half of the portfolio located in London and the South East and other strong locations in the South West, Midlands and North we believe the pubs represent an excellent opportunity for existing pub operators and new entrants".

The pubs up for sale:

Barnsley - Silkstone Inn
Beaconsfield - Hope & Champion
Bexleyheath - Wrong 'Un
Bournemouth - Christopher Creeke
Cheltenham - Bank House
Durham - Water House
Halifax - Percy Shaw
Hanham - Jolly Sailor
Harrow - Moon on the Hill
Hove - Cliftonville Inn
London Battersea - Asparagus
London East Ham - Miller's Well
London Eltham - Bankers Draft
London Forest Gate - Hudson Bay
London Forest Hill - Capitol
London Hornsey - Toll Gate
London Holborn - Penderel's Oak
London Islington - Angel
London Palmers Green - Alfred Herring
Loughborough - Moon & Bell
Loughton - Last Post
Mansfield - Widow Frost
Middlesborough - Resolution
Purley - Foxley Hatch
Redditch - Rising Sun
Sevenoaks - Sennockian Southampton - Admiral Sir Lucius Curtis
Stafford - Butler's Bell
Watford - Colombia Press
West Bromwich - Billiard Hall
Willenhall - Malthouse
Wirral - John Masefield

Get the latest news delivered to your inbox

Follow us on social media networks

NEXT House price falls accelerate as impact from September mini-budget dominates
 
c 1976-2021 Arab News 24 Int'l - Canada: كافة حقوق الموقع والتصميم محفوظة لـ أخبار العرب-كندا
الآراء المنشورة في هذا الموقع، لا تعبر بالضرورة علي آراء الناشرأو محرري الموقع ولكن تعبر عن رأي كاتبيها
Opinion in this site does not reflect the opinion of the Publisher/ or the Editors, but reflects the opinion of its authors.
This website is Educational and Not for Profit to inform & educate the Arab Community in Canada & USA
This Website conforms to all Canadian Laws
Copyrights infringements: The news published here are a feed from different media, if there is any concern,
please contact us: arabnews AT yahoo.com and we will remove, rectify or address the matter.