DJ segues into sale of music pubs to Young’s

 

Nick Goodway
Friday 17 October 2014 23:42
Comments

The dance DJ Jon Carter was millions of pounds better off yesterday after selling his London live music pubs chain to Young’s in a £10.4m deal.

Carter, who was once married to the former Radio 1 DJ Sara Cox, co-founded 580 Limited in 2004 having previously co-owned The Lock Tavern in Camden.

Yesterday, 580 sold The Defector’s Weld in Shepherd’s Bush, John Salt in Islington, The Fellow in King’s Cross and The Owl & Pussycat in Shoreditch for £10.4m cash.

The first two pubs, which are large freeholds, will be brought under the Young’s pub banner, while the latter two will be brought into the Geronimo stable with its greater emphasis on good food and drink.

It is understood that Young’s beat off stiff competition from several rivals to buy the business from Carter and his other shareholders.

Stephen Goodyear, the chief executive of Young’s, said: “We are delighted to be adding these excellent pubs to our managed house estate. All four are in vibrant locations where our premium proposition of craft beers, high-quality wines and cocktails, restaurant-quality fresh and innovative food, and above all a warm welcome in well-presented surroundings will work extremely well.” He added that Young’s planned to “retain an element of the live music” at all four pubs.

The company has bought another four pubs, including Smithfield’s Fox and Anchor, in recent months.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in