Redcomb pubs sold to Young's for £34m

By Sophie Witts contact

- Last updated on GMT

Redcomb pubs sold to Young's for £34m

Related tags: Pub, Bar

Redcomb Pubs has been sold to rival pub operator Young’s in a £34m deal.

The sale will see Redcomb’s 15-strong bar and restaurant portfolio, which includes the recently relaunched Alphabet in London’s Islington​, join Young’s 185-strong managed estate.

Young’s says it has acquired the sites, spread across London and the south east, as part of an ongoing expansion drive.

Redcomb launched in 2010 and saw group turnover rise 10.6% to £16.7m in the year to 30 June 2018, with profits over the same period rising 11.9%.

 “Through this acquisition we are confident that the estate will continue to go from strength to strength, benefitting from its alignment and synergy with the ethos at Young’s,” says Dan Shotton, co-founder of Redcomb pubs.

Redcomb’s other sites include the Grade II listed Old Shades pub in Whitehall and The Lockhouse casual dining restaurant in Paddington basin, which it developed in 2016​ to 'stretch and broaden' its portfolio.

Related topics: Business

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