25th Nov 2013 10:58
LONDON (Alliance News) - JD Wetherspoon PLC has exchanged contracts to buy its first bar in Ireland, the Irish Independent reported Monday, quoting the pub chain's founder and Chairman Tim Martin.
The paper quotes Martin saying that the EUR3 million investment in a bar in Blackrock is part of a plan to invest up to EUR50 million in Ireland over the next five- to ten-years, with the pub chain targeting between 10 and 20 pubs over that period.
JD Wetherspoon shares were up 2% at 709 pence Monday morning.
http://www.independent.ie/business/budget-uk-pub-chain-wetherspoon-comes-to-blackrock-29781809.html
By Steve McGrath; [email protected]; @SteveMcGrath1
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