Young’s reports strong sales, acquires three new pubs

By Luke Nicholls

- Last updated on GMT

Related tags: Public house, Report, Inn

Young's managed house sales for the first 13 weeks are up 10.7 per cent from last year
Young's managed house sales for the first 13 weeks are up 10.7 per cent from last year
Young’s has acquired three freehold pubs over the past fortnight, as the London-centric brewer and pub operator is set to report a ‘strong start’ to the current financial year in its AGM later today (9 July).

In a statement from the group’s chairman Nick Bryan, Young’s reported that managed house sales for the first 13 weeks are up 10.7 per cent from last year – a 6.8 per cent rise on a like-for-like basis.

"Our well-located and invested estate, together with our premium positioning as regards both product and service standards, have enabled us to make strong progress against last year,” said Bryan.

“Although remaining realistic about the economic outlook and consumer confidence, our recent performance demonstrates our ability to meet challenges that emerge and we are confident about our future prospects.

"I am also pleased to report that within the last fortnight we have acquired three further freehold pubs within our London heartland.”

The three new pub acquisitions come from the Enterprise Inns estate, details of which were revealed this morning by our sister title, M&C Report.

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