Wetherspoons is closing 11 pubs and is looking to sell 35 more - check if your local is affected
High street chain JD Wetherspoon has announced plans to close pubs across the UK, much to the disappointment of pub-goers. Wetherspoons is a go-to establishment for people looking to eat and drink on a budget, and is known for its low prices.
All of the earmarked venues are being considered for sale individually, in small packages, or as a portfolio. While they are at risk of being sold off, the good news for punters is that all the pubs will remain open and continue to trade as Wetherspoon sites until they are sold, says the Mirror.The sales are being handled by commercial property specialists CBRE and Savills.
This week, Wetherspoons' CEO Tim Martin said the chain's sales were lagging partly as a result of people choosing to drink at home. Mr Martin, Wetherspoon’s chairman, told the PA news agency: “The aftermath of the pandemic and lockdown restrictions have been far more difficult than anyone thought.
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