Wetherspoons is the perfect place for a late night hangout or cheap lunch. However, Spoons fans will be disappointed to know that they may soon be losing their local hangout spot due to growing financial difficulties the company is facing.
What’s happening with Wetherspoons?
JD Wetherspoon is closing 16 of its 900 branches all over the country, which includes 14 pubs. The branches are being put up for auction, sources claim.
The company has revealed that the branches will be operating as usual until the bids are placed. However, once the pubs are sold to their new owners, they will be rebranded which will include changes in menu, prices, and names.
The pubs are spread all over the UK, including Hertfordshire, York, and Wales. The branches set to be closed are located in Warrington, Cheshire, Rotherham, South Yorkshire, and, Lancashire.
The full list is as follows
Chapel an Gansblydhen, Bodmin, Cornwall (Lloyds)
Brun Lea, Burnley, Lancashire (Lloyds)
Vulcan, Coatbridge, North Lanarkshire
Time Piece, Dewsbury, West Yorkshire
Bourtree, Hawick, Scottish Borders
Last Plantagenet, Leicester, East Midlands
Queens Hotel, Newport, Wales
Isaac Merritt, Paignton, Devon
The Cross Keys, Peebles, Scottish Borders
St George’s Hall, Redfield, Bristol
Pennsylvanian, Rickmansworth, Hertfordshire
Rhinoceros, Rotherham, South Yorkshire
Butler’s Bell, Stafford, Staffordshire
Friar Penketh, Warrington, Cheshire
Dee Hotel, West Kirkby, Merseyside
Alexander Bain, Wick, Caithness
Financial difficulties and Brexit
Wetherspoons spokesperson Eddie Gershon said that the company often sells pubs after reviewing the estate.
“This is a commercial decision,” he added.
Several speculations are being made over the closing of these Wetherspoons branches. The company claims that higher wages being paid to the employees are responsible for the drop in profits.
But there are other rumours. Founder Tim Martin, who is a vocal Brexit supporter, took several European drinks off the menu resulting in overall customers loss, sources claim.
Martin recently told the press that he thinks Prime Minister May is a ‘loser’.
“She campaigned for Remain and she lost that, she called the election and she lost her majority and now, with all this customs union talk, it looks like she’s chucked that one in as well,” he added.