Pub Operator Marston's Asks Noteholders For Waivers

By Dave Simpson
Pub Operator Marston's Asks Noteholders For Waivers

British pub operator Marston's has asked some of its noteholders for additional waivers during the first-half of 2021, following renewed COVID-19-related lockdowns in Wales last month and England last week.

The company said that it is a precautionary measure brought on by the fresh curbs and the continued uncertainty about further potential lockdowns over the winter months.

Marston's shares, which have fallen over 50% so far this year, were down 1.4% by 0839 GMT on Wednesday November 11.

Job Loss Consultations

The company launched consultations on up to 2,150 job losses last month, saying that new UK coronavirus restrictions had forced its hand after months of progress in reopening hundreds of its pubs.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.