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Shonil Chande
- Shonil Chande
Liberum Research Team
- Liberum Research Team
Liberum Research Team
- Liberum Research Team
Anna Barnfather ... (+2)
- Anna Barnfather
- Nishant Dahad
LIBERUM: City Pub Group* - Continued strong trading, integration and c...
City Pubs released a positive AGM trading statement (23 weeks to 4 June 2023), in which it reports continued strong trading (+13% LFL YoY) as its premiumisation strategy and focus on customer service bears fruit. As anticipated, it has increased its stake in Mosaic (now at 52%, total investment £7m), enabling it to integrate and consolidate these group of companies imminently. This takes its predominantly freehold estate from 43 to 52. Additionally, management confirms that cost pressures contin...
