Young’s £53m pubs sell-off

Pub group Young’s has agreed to sell 56 of its tenanted 63 pubs in its Ram Pub Company estate to Punch Pubs and Co for £53m. The group said it will retain the remaining seven pubs for the long term, after the board decided that the best way to “increase value” for shareholders was to withdraw from the tenanted model and focus “solely” on operating premium, individual, differentiated and predominantly freehold managed pubs and hotels. In May, t......