Pub operator JD Wetherspoon has announced it will open 250 pubs over the next five years, creating 10,000 jobs in the process. The new pubs represent a slight increase in the group's current rate of expansion. The group opened 39 pubs in the year to the end of July, and had already announced it would open 40 new pubs by the middle of next summer.
Wetherspoon recently reported record sales in the year to the end of July. The group said it would invest £250m in the new outlets over the five years. Our pubs are extremely popular and we wish to build on their success by opening more, said Wetherspoon's chairman Tim Martin.
Tim Martin said that the recessions can be a good time to expand because property prices fall. The new pubs will be located across the UK, including sites in Sheffield, Livingston, Leominster, Otley, New Malden, Liverpool, Haverfordwest and Newcastle. Wetherspoon currently operates 743 pubs in the UK.
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