Wetherspoon's hit by £95m loss as Covid crisis drives down sales

Pub chain’s founder Tim Martin hits out at UK government’s ‘ill-thought-out regulations’

JD Wetherspoon has slumped to the first loss in its history as the pub chain counted the cost of restrictions on socialising that its outspoken founder-chairman Tim Martin said were “capricious” and motivated by political expediency.

Wetherspoons had never lost money since it was founded in 1984, but sales plunged by 30% in the year ending 26 July, even though Covid-19 curbs were in place for less than half that period.

Continue reading…
Source: theguardian
Wetherspoon's hit by £95m loss as Covid crisis drives down sales