Marston pub sell off

The death of the English pub continues apace. Marston has announced the sell-off of in excess of 200 pubs in a £90 million deal to NewRiver Retail.

NewRiver Retail is a property developer that specialise in trashing pubs for retail.

Expect more unwanted Tesco, Co-op, Sainsbury’s, McDonald’s.

The pubs are in the main leased, expect to see more pub landlords kicked out of their homes, their businesses and livelihoods destroyed.

Ever single one of these pubs needs to be identified, they are mainly in the Midlands, and an application made to the local authority for status as an Asset of Community Value. This will give the local community the opportunity to buy, and six months in which to raise the money.

Had any of these pubs already been listed, they could not have been offloaded to NewRiver Retail to be trashed. They would have had to be offered to the local community. Something that should be checked.

Marston although a brewery, is anther zombie pubco. It is £1.2 billion in debt. The sum raised by the sell-off is less than 10% of the debt.

Marston brews Pedigree and Hobgoblin. Maybe a boycott of Marston beers.

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