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JD Wetherspoon plans 250 new pubs
JD Wetherspoon, the Hertfordshire-based pub operator, has unveiled plans to open 250 new properties across the UK over the next five years as it continues to defy the recession.
The chain, which unveiled its first pub in 1979 and currently operates 743 sites nationwide, is set to invest £250m in expanding its portfolio, having reported a 4.5 per cent increase in sales in the 13 weeks ending 25 October 2009. New JD Wetherspoon pubs will be located in Sheffield, South Yorkshire; Otley, West Yorkshire; Haverfordwest, Pembrokeshire and Livingston, West Lothian, as well as Leominster, Herefordshire; Liverpool and Newcastle upon Tyne.
JD Wetherspoon chair Tim Martin said: "Our pubs are extremely popular and we wish to build on their success by opening more." Earlier this month, the chain reported in its first quarter trading update plans to open around 40 pubs in the current year, having opened seven properties in the 13 weeks ending 25 October 2009.
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