Young & Co has called time on its brewing operation to focus exclusively on running its pub estate.
The pub group has ended 180 years as a brewer by selling its 40% stake in Wells & Young, the joint venture it set up with Charles Wells. The venture’s brands include Directors and Bombardier.
“Our strategy is really building premium pubs in central London and [Wells’] strategy is developing brands,” said chief executive Stephen Goodyear.
He added: “Young's beer has always been synonymous with the pubs. It is our USP. We still have, by and large, the same supply agreement as when we entered into the joint venture.”
Wells & Young’s hangs on to Red Stripe brewing role (23 May 2011)