Wetherspoons Seeking to Offload Plough and Harrow
Pub group struggling to recover after recording biggest ever loss
There is believed to have been a pub at this site since 1419
The Plough and Harrow pub on King Street in Hammersmith has appeared on a list of pubs which Wetherspoons is planning to sell off.
It is one of seven venues across the country which has been added to an existing roster of 32 pubs which it has put on the market. All the pubs are remaining open while an attempt is made to off load them.
The pub chain reported its biggest ever losses in October 2021 and has said it is struggling to get back to the revenue levels it was achieving before the pandemic. Its Brexit-supporting chief executive has also complained about the difficulties of recruiting staff since the UK left the European Union.
CBRE and Savills have been appointed to handle the sales.
Paul Breen, director at Savills, said, “Despite the volatility in the current market interest in the properties which went onto the market in September has been encouraging with terms now agreed for several of the sites. We expect these additional properties to be equally appealing.”
It is believed that there has been a pub at this site of the same name since 1419. A centuries old pub, which had this year displayed as the date of its establishment, was demolished in 1903 and then replaced again in the sixties with the current building.
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November 14, 2022
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