Why are so many pubs and bars closing? (1)
FacebookWetherspoons confirmed the change of ownership to The Sun.DIY retailer with 144 branches to shut site as huge closing down sale beginsMany pubs were listed for sale through the estate agent Savills, but some have quietly closed and changed hands without being listed.
But it's not all bad news for drinkers, as the chain also opened two pubs this year, with more to come.New openings in Waterloo and Fulham Broadway stations in London, and in Marlow, Buckinghamshire, are also planned for the coming months.Sir Tim Martin said its total sales are at “record levels” despite having fewer venues than it did a year ago.
“The average Wetherspoon pub has generated taxes of one sort or another of £7 million in the last 10 years, as well as generating considerable employment and social benefits,” Sir Tim said. “Wetherspoon hopes that the current Chancellor, with a Bank of England pedigree, will understand how many beans make five, and rectify this inequality.”
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