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Marston's plc is a British pub and hotel operator. Founded as a brewery by John Marston in 1834, it is listed on the
London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
. In 2020, the company shifted its main focus away from its original brewing operations, entering it into a venture with Carlsberg Group's UK operations as Carlsberg Marston's Brewing Company (CMBC). In July 2024, Carlsberg bought out Marston's remaining 40% share, ending the company's 190 years of owning breweries.


History


1834–2019

In 1834, John Marston established J. Marston & Son at the Horninglow Brewery in
Burton upon Trent Burton upon Trent, also known as Burton-on-Trent or simply Burton, is a market town in the borough of East Staffordshire in the county of Staffordshire, England, close to the border with Derbyshire. At the 2021 United Kingdom census, 2021 censu ...
. By 1861, the brewery produced 3,000 barrels a year. In 1890, Marston & Son Ltd was registered as a limited liability company. In 1898 Marston's amalgamated with John Thompson & Son Ltd and moved to Albion Brewery on Shobnall Road, which the company still operates. By this time the brewery had a capacity of 100,000 barrels a year. It was at this time that the Burton Union System began to be used. In 1905, the company merged with Sydney Evershed to form Marston, Thompson & Evershed. Banks & Co has been brewing at the Park Brewery in Wolverhampton since 1875. In 1890 Banks became Wolverhampton & Dudley Breweries when the company amalgamated with George Thompson & Sons and Charles Colonel Smith's Brewery. In 1943 Wolverhampton & Dudley Breweries took over Julia Hanson & Sons, with 200 pubs. It was first listed on the
London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
in 1947. It acquired Camerons Brewery in
Hartlepool Hartlepool ( ) is a seaside resort, seaside and port town in County Durham, England. It is governed by a unitary authority borough Borough of Hartlepool, named after the town. The borough is part of the devolved Tees Valley area with an estimat ...
in 1992 and sold it to Castle Eden in 2002, whilst retaining some of Cameron's tied pubs. In 1999, Wolverhampton & Dudley Breweries purchased Marston, Thompson & Evershed, and in the same year took over the Mansfield Brewery of
Nottinghamshire Nottinghamshire (; abbreviated ''Notts.'') is a ceremonial county in the East Midlands of England. The county is bordered by South Yorkshire to the north-west, Lincolnshire to the east, Leicestershire to the south, and Derbyshire to the west. Th ...
and closed it down, transferring production of Mansfield beers to the Park Brewery. In 2005, Marston's Brewery took over production under licence from
Interbrew Interbrew is subsidiary of Anheuser-Busch InBev SA/NV is based in Breda, Netherlands. It has one subsidiary, Ambev S.A. of São Paulo, Brazil. Brands Interbrew brands have historically included Budweiser, Stella Artois, Boddingtons Brewery, Boddi ...
of Draught Bass, succeeding Coors. Later in 2005, the Jennings Brewery of Cockermouth was purchased and in 2007
Hampshire Hampshire (, ; abbreviated to Hants.) is a Ceremonial counties of England, ceremonial county in South East England. It is bordered by Berkshire to the north, Surrey and West Sussex to the east, the Isle of Wight across the Solent to the south, ...
-based Ringwood Brewery, which was established in 1978, and brews Best Bitter, Fortyniner, and Old Thumper, was acquired. In 2007, the company changed its name from Wolverhampton & Dudley Breweries plc to Marston's plc. In late 2013, there was some controversy when it was announced that Marston's would sell some 200 pubs to new company
New River Retail NewRiver REIT plc is a specialist listed real estate investment trust (REIT), focused primarily on retail and leisure property. The company owns 33 shopping centres, 25 retail warehouses, 14 high street units and over 700 public houses. The company ...
. The fear was that many would close and be turned into convenience stores. In 2014, the company took over production of most Thwaites beers. On 31 March 2015, it was announced the company was buying the bulk of Thwaites beer supply business outright and the top two brands Wainwright and Lancaster Bomber for around £25m. In May 2017, Marston's announced further expansion with the acquisition of Charles Wells's Eagle Brewery in Bedford. This gave Marston's ownership of the Bombardier, Courage and McEwan's ale brands, and the global licence for Young's beers.


2020–present

In February 2020, Marston's signed a five-year extension to its distribution deal with Japanese beer maker Kirin. In May 2020, it was announced that subject to competition law and shareholder approval, Marston's would merge its brewing business with Carlsberg UK (the United Kingdom arm of Carlsberg Group), into a joint venture valued at £780m. Marston's will take a 40% stake in the joint venture and receive up to £273m in cash. The deal will involve Marston's six breweries and distribution depots, but not its 1,400 pubs. The merger was approved by the Competition and Markets Authority on 9 October 2020. The new brewing company will be headquartered in Wolverhampton and be known as Carlsberg Marston's Brewing Company. It was also announced that the transaction was expected to be completed by the end of October 2020. The same month, the company announced that it will cut over 2,150 jobs (a fifth of their employees) as a result of the strict UK government measures to fight the spread of the
COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...
. In December 2020, Marston's took over the running of 156 pubs in Wales from Welsh brewer Brains. Andrew Andonis Andrea stepped down as CEO with immediate effect on 17 November 2023. He was replaced by Justin Platt. By May 2023, the business had become heavily indebted; it set a target of reducing net debt to £1 billion by 2026. J.P. Morgan Cazenove analysts said in May 2023 that "a pub estate with mediocre ike for Likesales in recent years, combined with still-high leverage, makes us cautious despite attractive valuation metrics." It was announced on 8 July 2024, that Marston's had decided to sell their 40% share in CMBC to Carlsberg, in a bid to concentrate on the running of the pub business, in a deal valued at £206m. Carlsberg is also buying the soft drinks company Britvic and will combine it with that of CMBC. This does however leave the future of brewing in Wolverhampton in question and also the location of the head office. A review of the business will take place once the sale is completed and the company will notify stakeholders and employees of the future of the business when appropriate.


Operations

The company operates over 1,350 pubs and bars across England and Wales as of 2024, around 300 tenanted and 500 leased and a hotel chain.


References

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External links


Marston's PLC

Marston's Inns
Companies based in Wolverhampton British companies established in 1834 Food and drink companies established in 1890 Companies listed on the London Stock Exchange Companies in the FTSE SmallCap Index Food and drink companies established in 1834