All Greene King articles – Page 9
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NewsBeer 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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NewsGreene 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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NewsState 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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OpinionNick 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 & InsightRoadmap ‘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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NewsPub 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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NewsOaktree 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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NewsGreene 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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NewsGreene 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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NewsGreene 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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InterviewsGreene 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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NewsGreene 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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NewsGreene 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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NewsGreene 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.
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NewsGreene King offers another £6m in rent concessions
Greene King has announced an additional £6m of financial support for its tied tenants. MD Wayne Shurvinton has written to all Greene King’s tied pub tenants to confirm a 40% rent concession will be in place for all tied pubs for a further four weeks after the current support comes to an end. That will be followed by a 30% rent concession for the four weeks after that, taking support through until October. Tied tenants buying barrels of beer or cider from Greene King will also continue receiving a trade credit of £35 per barrel through to 2021.
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NewsGreene King posts £273m losses
Greene King’s revenues were down 13.4% to £1.9bn in the full year to 26 April 2020 with its pub business worst hit by the coronavirus.
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NewsGreene King rolls out takeaway to entire managed estate
Greene King has introduced food and drink takeaway across its entire food-led managed estate, making it the largest pub takeaway business in the UK.
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NewsGreene King Premium, Urban and Venture Brands MD Karen Bosher: ‘It’s not our job to lecture people on healthy eating’
Although the Government may be adopting a nanny-state approach in its Obesity Strategy, it is not the responsibility of hospitality operators to determine the public’s eating habits, MCA’s The Conversation has heard.
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NewsGreene King makes £2m in loans to free-trade pubs
Greene King has made £2m in support loans available to its 6,500 independent free-trade pubs.