You are using an older browser version. Please use a supported version for the best MSN experience.

Young’s plans to reopen pubs in August – but could open beer gardens next month

PA Media logo PA Media 04/06/2020 By Henry Saker-Clark, PA City Reporter
a building with a metal fence: Young’s said it plans to reopen its sites by August 3 (Young’s/PA) © Provided by PA Media Young’s said it plans to reopen its sites by August 3 (Young’s/PA)

Young’s has said it plans to reopen its pubs by August but could open beer gardens and larger sites as soon as next month.

The London-based pub group said it “expects” to have opened its pubs by August 3, having shut all its 276 sites in March due to the Government-mandated lockdown.

The Government has said that pubs will open no earlier than June 4, although hospitality firms are calling for greater clarity on when current restrictions are set to unwind.

____________________________________________________

More on coronavirus:

Download the Microsoft News app for full coverage of the crisis

Key changes to the UK's lockdown rules (The Guardian)

What the NHS Test and Trace system asks you to do (The Independent)

____________________________________________________

Young’s said it will put thorough cleaning and sanitisation measures in place and will ensure social distancing can take place at its sites.

The update came as the pub group said that total revenues rose by 2.6% to £311.6 million for the year to March 30, despite sales taking a hit of roughly £13 million due to the pandemic.

Meanwhile, pre-tax profits decreased to £29.1 million for the year, from £39.5 million a year earlier.

The pub firm said beer gardens and larger sites could reopen by mid-July (Young’s/PA) © Provided by PA Media The pub firm said beer gardens and larger sites could reopen by mid-July (Young’s/PA) Patrick Dardis, chief executive of Young’s, said: “I am proud of the performance of our business this year despite the unique challenges that we have faced.

“These results demonstrate the continued strength of our strategy of operating a differentiated, premium and well-invested pub estate.

“We are confident with the steps we have taken to safeguard our business from the immediate threat of coronavirus.

Gallery: How countries are edging out of COVID-19 lockdown (Photos)

“The board expects the business to be in a position to return to profitable growth when this unprecedented period is at an end and conditions allow, and we remain confident in our proven strategy.”

Last week, the company said it expected “lower sales” when its sites reopen, as it told shareholders it would not pay them a dividend for the past year.

Shares in the company moved 0.9% lower at 1,140p in early trading.

_______________________________________________

Stay at home as much as possible to stop coronavirus spreading - here is the latest government guidance. If you think you have the virus, don't go to the GP or hospital, stay indoors and get advice online. Only call NHS 111 if you cannot cope with your symptoms at home; your condition gets worse; or your symptoms do not get better after seven days. In parts of Wales where 111 isn't available, call NHS Direct on 0845 46 47. In Scotland, anyone with symptoms is advised to self-isolate for seven days. In Northern Ireland, call your GP.

AdChoices
AdChoices
image beaconimage beaconimage beacon