Marston's To Increase Retail Agreement Pubs To 600 Over 3 Years

24th Jun 2010 07:49

LONDON (Dow Jones)--Marston's PLC (MARS.LN), an independent brewer and pub operator, said Thursday that over the next three years it expects to increase the number of pubs being operated under the new retail agreement to around 600 from its estate of 1,680 tenanted and leased pubs. MAIN FACTS: -There are currently 78 pubs operating under the retail agreement. -An average of GBP50,000 per pub will be invested with a targeted profit improvement from the 600 pubs of GBP6 million per year. -Shares closed Wednesday at 97.4 pence valuing the company at GBP555.78 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires June 24, 2010 02:49 ET (06:49 GMT)