WHAT DOES BREXIT MEAN FOR MARSTON’S?
The last few weeks have been eventful for Britain – with no bigger debate than the decision to leave the EU. In a time of uncertainty and change for the country, CEO Ralph Findlay reassures us that it’s ‘business as usual’ for Marston’s.
Marston’s didn’t adopt a formal stance over the referendum on 23 June. This is because, as a business with limited exposure to Europe, we are more directly affected by consumer confidence and the economy in the UK.
In an internal announcement made late last week, CEO Ralph Findlay reassured Marston’s people that it’s ‘business as usual’ following the result. He said: “Markets will be volatile as the implications of the result are digested, which will probably affect our share price, as it will others in the sector and elsewhere. There will also be much analysis and comment on the impact on business over the next few days and weeks. There is, however, a difference between stock market reaction and the real effect on our business.
With all of this in mind, we should be clear that, for us, it is very much ‘business as usual’, and be reassured that our customers are unlikely to be deterred from visiting our pubs and bars or buying our beers as a consequence of the referendum. Good summer weather is likely to be of much greater immediate relevance to us.”