FINANCE: Marston’s has at least 25 sites planned for completion in its Destination estate in the 2015 financial year.
In a trading update for the 52 weeks to 4 October, the group said it had completed 27 new pub-restaurants in the financial year, including its 100th new-build opening since 2009.
It expects to continue to develop its destination estate at a similar rate of growth for the foreseeable future.
In the group’s Destination and Premium sectors, like-for-like sales were 3.1% ahead of the previous year.
Chief executive Ralph Findlay said: “We have made steady progress by consistently implementing our returns-focused strategy including an accelerated new-build programme, and in meeting our targets for disposals and conversions to franchise.
“We remain on track to complete the majority of this disposal and conversion activity by the end of financial year 2015, creating a pub estate appropriate to meet the needs of our customers in the long term.”
annabel.dixon@estatesgazette.com
