All Greene King articles
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NewsCVA approved for Greene King’s Loch Fyne business
Greene King has had a CVA approved by creditors for its Loch Fyne business. It is understood the business was working with restructuring firm Resolve and has now exited leases on 11 of its sites.
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News
Pubs poised to bring back drinking at the bar
Senior leaders at some of the UK’s biggest pub companies are gearing up for customers to be able to drink at the bar from 21 June, the Telegraph has reported.
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News
Greene King extends available loans to £1.5bn
Greene King reports it remains well capitalised, with the upsizing of its revolving loan facility increased financial flexibility from parent company CKA Holdings to £1.5bn.
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Interviews
Nick Mackenzie: ‘Our focus on culture is boosting customer scores’
Greene King’s new culture program helped to position the business well during the pandemic, despite being launched only a week before the first lockdown, chief executive Nick Mackenzie told MCA’s The Conversation.
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News
Beer supply is ‘patchy’ in areas but not ‘critical’
Mitchells & Butlers and Greene King have found that the supply of certain beer brands – namely Birra Moretti on draft – has been “patchy” but it not causing a huge problem yet, attendees of MCA’s The Conversation heard.
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News
Greene King: ‘Majority of orders are through our app’
Greene King has seen usage levels of its app soar since reopening, with 70% of its orders being submitted by guests through the technology, chief executive Nick Mackenzie told MCA’s The Conversation.
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News
Greene King takes cautious approach to reopening
Greene King CEO Nick Mackenzie has told MCA customers are “absolutely loving” being back in his pubs, despite the limitations of outside service.
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News
State aid cap upped to £10.9m
The state aid cap on government grants has been raised to £10.9m, Paul Scully, the minister for business, consumers and labour markets has confirmed.
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News
‘As good as could be expected’ - operators react to the Budget
In what is now a well-worn routine, Boris Johnson was last week the bearer of bad news, announcing a much slower than preferred roadmap reopening, with hospitality apparently at the end of the queue.
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Opinion
Nick Mackenzie: We are burning through £7m a week
Lockdown is costing Greene King every pub on average of £4,500 every week, which equates to £7m a week for its managed pub estate, CEO Nick Mackenzie has said.
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Analysis & Insight
Roadmap ‘too little too late’ and ‘worse than the worst-case scenario’
Sector leaders have criticised the Government for once again “penalising hospitality” with its reopening strategy, forcing pubs and restaurants to wait a further three months before they can operate inside. The proposed reopening timeline has been branded “too little too late,” and “worse than the worst-case scenario” by operators from all corners of the sector, who have warned that without significant support in next week’s Budget, there will be a “devastating” fallout for businesses.
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News
Pub leaders call for roadmap as beer losses hit £7.8b
Pub sector leaders have called for a clear timeline and reopening date as new figures reveal the severe losses incurred last year.
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News
Oaktree backs Anand’s pub vehicle
Rooney Anand’s pub investment vehicle Redcat Pub Company has been backed by US investment firm Oaktree, the Telegraph reports.
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News
Greene King re-launches team member support fund
Greene King is launching its second coronavirus support fund later this month in partnership with the Licensed Trade Charity.
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News
Greene King takes anti-racist step in renaming four pubs
Greene King is renaming four of its pubs where the existing names are thought to hold racist connotations.
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News
Greene King continues 90% rent concessions for tied tenants
Greene King Pub Partners has confirmed its tied tenants will continue receiving 90% rent concessions until the end of the latest lockdown.
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Interviews
Greene King CEO Nick Mackenzie: ‘People in government don’t understand pubs’
Greene King CEO Nick Mackenzie has described the uncertainty facing pub tenants face as “incredible,” saying “they do not deserve to be treated in the way that they have been by government.”
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News
Greene King appoints Local Pubs MD
Greene King has appointed Clair Preston-Beer to its executive board as the new managing director for the more than 600-strong Local Pubs division.
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News
Greene King increases rent concessions for tied tenants
Greene King Pub Partners has increased the rent concessions for its tied pub tenants to at least 40% until Christmas. Until the end of December, its 975 tied tenants will be granted at least a 40% rent reduction, with pubs that are forced to close in local lockdowns receiving a 90% rent discount for at least four weeks. The move brings its total estimated financial support for its tied tenants to more than £25m since March.
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News
Greene King pledges to create 1000 opportunities for young people and drive diversity in new Princes Trust partnership
Greene King has pledged to create 1000 opportunities for young people in a new five-year agreement with the Princes Trust.
