J D WETHERSPOON PLC

JDW
Delayed London Stock Exchange - 11:35 2022-12-02 am EST
447.60 GBX +0.40%

British Pub Operator Wetherspoon To Sell 32 UK Locations Amid Higher Food, Labor Costs

09/29/2022 | 12:03am
(MT Newswires) -- JD Wetherspoon (JDW.L) on Wednesday announced a "commercial decision" to sell 32 pubs in the UK, citing potential losses from increasing costs for labor, food and energy, Sky News reported the same day, citing a spokesman.

The pub operator appointed commercial property companies CBRE and Savills to manage the sale, which covers 10 pubs in London, alongside other locations in the country's South East, South West, Midlands and North regions.

The pubs will continue to operate as Wetherspoon outlets until the completion of their sales, the spokesman added.

Shares in Wetherspoon fell over 4% on Wednesday's close.

Price (GBP): £429.20, Change: £-19.40, Percent Change: -4.32%

MT Newswires 2022
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