The Colchester Greene King pubs which could be at risk in major shakeup

Greene King to sell 150 pubs as it reshapes its estate

Britain’s second-largest pub group Greene King is restructuring its estate, with plans to change how around 300 of its pubs are run — with 20 expected to close. The group, which operates around 2,500 pubs across the UK, has reviewed its entire estate and identified 300 sites it believes would work better under a different... The post Greene King to sell 150 pubs as it reshapes its estate appeared first on DRAM Scotland.

Greene King to sell 150 pubs as operator reshapes estate amid mounting cost pressures

Britain’s second-largest pub operator, Greene King, is set to sell around 150 managed pubs and convert a further 150 into tenanted or franchise venues as part of a sweeping overhaul of its estate strategy in response to mounting economic pressures. The move, described by chief executive Nick Mackenzie as a “strategic reaction” to a rapidly “changing operating environment”, reflects the deep structural challenges facing the UK hospitality sector,…

The Colchester Greene King pubs which could be at risk in major shakeup

The company also said the move will allow it to reinvest cash from the sales back into its core pubs.