Wetherspoons moves to buy up smaller pubs on the cheap amid Covid crisis

Chain targets London pubs with ex-Greene King boss also leading buying spree at knockdown prices

Pubs driven to financial ruin by the impact of the pandemic could be bought up on the cheap under plans being drawn up by Wetherspoons as well as by a new venture fronted by the former boss of Greene King.

In a statement to investors, Wetherspoons said it was raising up to £93.7m by placing new shares.

Related: Tell us: has your pub received financial support during the pandemic?

Related: 'How many more lockdowns can we go through?' Bosses on Covid double-dip recession

Continue reading...

Read More