Young & Co.’s Brewery, P.L.C. is a United Kingdom-based company, which manages pubs, hotels and bars. The Company runs approximately 200 pubs and hotels in London and the South of England. The Company operates through two segments: managed houses and the Ram Pub Company. Its hotels are a collection of traditional pubs with boutique bedrooms across the United Kingdom, based primarily in London, as well as in the west, including idyllic getaway spots in the Cotswolds and the West Country. The managed house segment operates pubs and engaged in selling of drink, food and accommodation. The Ram Pub Company segment consists of pubs owned or leased by the Company and leased or subleased to third parties.