Member Article

Young & Co.‘s acquires four London pubs in £10 million deal

Young and Co.’s Brewery has acquired the entire issued share capital of 580 Limited, a company owns and operates four pubs in London locations, in a deal worth £10.4 million.

The four pubs are The Defector’s Weld, Shepherds Bush; The John Salt, Islington; The Fellow, King’s Cross and The Owl & Pussycat, Shoreditch.

Both the Defector’s Weld and the John Salt will be managed as Young’s pubs, with The Fellow and the Owl and the Pussycat joining the Geronimo stable.

Stephen Goodyear, chief executive of Young’s, said: “We are delighted to be adding these excellent pubs to our managed house estate.

“All four are in vibrant locations where our premium proposition of craft beers, high-quality wines and cocktails, restaurant-quality fresh and innovative food, and above all a warm welcome in well-presented surroundings, will work extremely well.

“We look forward to investing further in their offer, bringing the distinctive flavours of Young’s and Geronimo to bear.

“This is a continuation of our strategy of adding carefully selected, high-quality managed houses to our Young’s and Geronimo estates.

“This acquisition follows on from our recent purchases of the Fox & Anchor in Smithfield, the White Bear in Kennington and two more sites in partnership with Berkeley Homes, one in their Riverlight development in Nine Elms and another one in the Woolwich Arsenal. Our balance sheet remains strong, and we are keen to do more.”

This was posted in Bdaily's Members' News section by Ellen Forster .