Wetherspoon boss talks about Macbeth as his pub chain loses £30 million. As his Wetherspoon empire sank to an annual loss of £30 million, T. IM. Martin used Macbeth today to explain the difficulties that are currently being faced by the pub industry.
This is a significant improvement from the previous year’s loss of £154 million, but it pales in comparison to the profits of more than £100 million that were realized before the pandemic.
The chairman and founder of the company are still quite angry about the lockdowns that were imposed by Covid. He maintains that the lockdowns were an overreaction, given that his spacious pubs were not likely to spread the disease.
The hotel industry is already suffering from rising expenses of practically everything and a public that, in many cases, has become accustomed to drinking at home. The possibility of future lockdowns is “the hospitality industry’s greatest threat,” according to one expert.
He stated that to borrow a phrase from William Shakespeare, “the multiplying villainies of nature do swarm upon” the hospitality industry as a result of the lockdowns and restrictions that were imposed as a result of the pandemic. Perhaps surprisingly, the aftermath has been just as challenging for many businesses.