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Wetherspoons gives major update on pub closure plans in Scotland – is your local at risk?
The pub chain giants have revealed which Scottish pubs are being sold
WETHERSPOONS has provided a major update on its Scottish pub closures.
The pub chain shared the latest developments today in its trading report, updating its investors on its financial condition and operations.
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It confirmed that two of its Scottish pubs are currently in the process of being sold.
Wetherspoons said that the Cross Keys pub in Peebles is currently under offer, while the Foot of the Walk bar in Leith is still on sale.
Meanwhile, The Sir John Stirling Maxwell in Glasgow and The Saltoun Inn in Fraserburgh were among the 49 boozers to have closed across the UK earlier this year.
The company also confirmed that 18 pubs have been sold or surrendered to the landlord so far this year.
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Many of its pubs were listed for sale through the estate agent Savills, but some have quietly closed and changed hands without being listed.
Last year, the company announced that the two Scots boozers were earmarked to be scrapped
It comes after the chain - which has more than 800 pubs across the UK - warned two years ago that 32 pubs were being sold.
The company claimed at the time that the pubs that closed were either smaller, older or had another pub nearby.
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It claimed that it was a "misinterpretation" to suggest the move was due to difficult trading conditions.
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We previously told how the firm scrapped plans for a new pub in Glasgow to replace a popular former empty nightclub.
The pub giants were looking into opening a new bar on the site of the former Tusk nightclub on Moss-Side Road.
The company even altered the premise's licence.
It was hoped the venue would replace the Sir John Stirling Maxwell pub.
The franchise confirmed that the site was now being put up for sale and they won’t be developing further following a “commercial” decision.