Wetherspoon To Cut On EU Beers And Champagne In Brexit Run Up

LONDON (Alliance News) - FTSE 250-listed JD Wetherspoon PLC said Wednesday it will cut on ...

Alliance News 13 June, 2018 | 3:11PM
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LONDON (Alliance News) - FTSE 250-listed JD Wetherspoon PLC said Wednesday it will cut on drinks form EU countries, such as Champagne, prioritising UK and non-EU produced beverages in the run up to Brexit.

The pub chain said, starting July 9, its 880 pubs will offer more UK and non-EU drinks cutting on French Champagne and German wheat beers.

Wetherspoon said it will replace Champagne with sparkling wines from the UK, as the new offered products will be introduced at a "lower prices than the EU products they are replacing".

"The pubs will also serve wheat beers from the UK and USA, Blue Moon Belgian White, Thornbridge Versa Weisse Beer and SA Brains Atlantic White," Wheterspoon said.

Swedish cider Kopparberg will continue to be served in the UK pubs as the producer confirmed it will make the cider in the UK post-Brexit.

Chairman Tim Martin said: "The EU’s customs union is a protectionist system which is widely misunderstood. It imposes tariffs on the 93 per cent of the world that is not in the EU, keeping prices high for UK consumers."

"Tariffs are imposed on wine from Australia, New Zealand and the US, and also on coffee, oranges, rice and more than 12,000 other products. There will be an inevitable transfer of trade post-Brexit to countries outside the EU, which will reduce prices in shops and pubs."

Wetherspoon shares were trading 0.6% lower at 1,262.00 pence.

By Elena Cherubini; elenacherubini@alliancenews.com.

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Wetherspoon (J D) PLC 1,245.00 GBX -0.48 -
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