Downing Corporate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pub giant JD Wetherspoon (JDW) has dismissed reports by  The Guardian​ on 19 January that the operator is planning to “buy smaller pubs on the cheap amid Covid crisis" and that "it is targeting pubs in central London” as “completely untrue”. JDW claimed that it operates pubs which are three or four times larger than average and rarely "targets" existing pubs in a news release on 22 January.   While JDW highlighted that its press release on Tuesday said that the company is "considering a number of properties in central London, the freehold reversion of pubs of which it is the tena...

Pub sector veterans seek backing for acquisitions Two veterans of the pub and bar industry are looking to raise funds to finance a wave of mergers and acquisitions across the sector The Times ​ reports​​ that Mark McQuater, the former boss of Barracuda Pub Company and Revolution Bars, and Mark Crowther, the former Liberation Group chief executive, are both seeking backing for pub deals. Crowther, who ran the Channel Islands-based Liberation for 11 years, has been named chairman of Portobello Brewery, an operator of 17 pubs in London owned by Downing Corpor...