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But figures suggest Our Gracie's, which opened in December 2023 for just three days a week and now operates on all seven, may be a sign of the industry staging something of a comeback.
"What you've seen is less pubs, but not necessarily less market value, because the pubs that are left are notably better."
The market, which was worth £23bn before the pandemic, lost 61% of its value in 2020, and took three more years to return to 2019 levels, according to Lumina Intelligence.
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