Greene King

Last updated

Greene King
Company type Subsidiary
(Private limited company)
LSE Formerly:GNK
IndustryAlcoholic beverage
Founded1799
Headquarters
Bury St Edmunds, England, UK
Key people
Nick Mackenzie (CEO)
ProductsBeer
Revenue £2,176.7 million (2018) [1]
£373.1 million (2018) [1]
£162.5 million (2018) [1]
Owner CK Asset Holdings
Subsidiaries Hungry Horse, Chef & Brewer
Website greeneking.co.uk

Greene King is a British pub and brewing company founded in 1799, currently based in Bury St Edmunds, Suffolk. The company also owns brands including Hungry Horse and Farmhouse Inns, as well as other pubs, restaurants and hotels. It was listed on the London Stock Exchange (LSE), until it was acquired by CK Assets in October 2019.

Contents

Its best known beers are Greene King IPA and Abbot Ale, the third and fifth highest selling cask ales in Britain. [2]

History

Greene King plaque on the side of a pub in Sudbury, Suffolk Greene King Brewery North Street Tavern Sudbury.jpg
Greene King plaque on the side of a pub in Sudbury, Suffolk

The brewery was founded by Benjamin Greene in Bury St. Edmunds in 1799. [3] In Richard Wilson's biographical analysis of the Greene family, he credits various family members for being able to achieve distinction in the worlds of business and banking, literature (Graham Greene, for example) and broadcasting in the nineteenth and twentieth centuries.' [4]

In 1836 Edward Greene took over the business and in 1887 it merged with Frederick William King's brewing business to create Greene King. [5]

Greene King has grown via mergers and acquisitions, including Rayments Brewery (1961), [6] the Magic Pub Company (1996), [7] Hungry Horse (1996), [8] Morland Brewery (1999), [9] Old English Inns (2001), [10] Morrells (2002), [11] a large part of the Laurel Pub Company (2004), [12] Ridley's Brewery (2005), [13] Belhaven Brewery (2005), [14] Hardys and Hansons (2006), [15] the Loch Fyne fish restaurant chain (2007), [16] Cloverleaf (2011), [17] Realpubs (2011), [18] the Capital Pub Company (2011) [19] and the Spirit Pub Company (2015). [20]

The Spirit acquisition, where Greene King bought Spirit for £773.6m, took the total number of Greene King sites to 3,116, brought 14 brands together and made Greene King the largest managed pub company in the UK. It was completed on 23 June 2015. [20]

It was announced in November 2018 that Rooney Anand would be stepping down from his role as CEO after 14 years in the position. [21]

In 2019 the Hong Kong based CK Assets announced the proposed take over of Greene King, which shareholders had to approve. [22] [23] [24] According to the Financial Times , the holding company took the view that the pubs owned by Greene King are an asset that is safe from potential recession. Analyst David Blennerhassett told the FT that CK Assets has a track record of buying such assets in the UK and he does not expect it to sell Greene King later as a bet on the falling pound. [25] The takeover was approved by the High Court in October 2019. [26]

Operations

The Carleton, a Greene King pub in Pontefract, West Yorkshire The Carleton, Pontefract (geograph 2616472).jpg
The Carleton, a Greene King pub in Pontefract, West Yorkshire

The Greene King brewery in Bury St Edmunds produces beers branded in the names of breweries now closed, including Morland (Old Speckled Hen), Ruddles, Hardys & Hanson Kimberley Ale and Tolly Cobbold. The Belhaven Brewery in Dunbar continues to operate in Scotland. [27] [28]

The group operates 3,100 pubs, restaurants and hotels: [20]

Visitor centre

Greene King's Brewery Museum, shown in 2006 Brewery Museum - geograph.org.uk - 289403.jpg
Greene King's Brewery Museum, shown in 2006
The Greene King main brewery, seen from Westgate Street Westgate Street Bury St.Edmunds - geograph.org.uk - 289394.jpg
The Greene King main brewery, seen from Westgate Street
The Greene King main brewery Greene King Brewery - geograph.org.uk - 289404.jpg
The Greene King main brewery

There is a visitor centre next to the brewery, and tours are run regularly throughout the week. The brewery has an exhibition of pub sign artwork by George Taylor, who designed over 250 such signs for Greene King pubs. [30]

People

Greene King has been supporting apprenticeships since 2011 through its Greene King Apprenticeship Programme. Since launch, the scheme has processed some 9,000 apprentices. [31] [32]

In 2016, Greene King launched the Get into Hospitality Programme in partnership with The Prince's Trust. The aim of the programme is to address the skills and experience gaps that prevent unemployed people from getting into work. Those who successfully complete and graduate from the programme are offered a role onto the Greene King Apprenticeship Programme. [33] [34]

In 2017, Greene King launched the Craft Academy, an 18-month brewing venture led by apprentices. Through the programme, apprentices earn while they learn about brewing, design and marketing. Through the scheme, they will gain a Level 3 NVQ Diploma in Sales. [35] The first five beers from the Craft Academy were launched at Craft Beer Rising Festival in London and include; Over Easy (3.8% session IPA), Big Bang IPA (5.6% bold and citrusy IPA), Bitter Sweet (6% black IPA), Desert Ryeder (4.8% rye beer) and High & Dry (5% dry hop lager). [36]

Criticism

Greene King's ongoing business expansion has sometimes been the subject of criticism. As a result of its active acquisition policy, it has come to be known by beer protesters as "Greedy King". [37] The growing consumer reaction to Greene King buying out smaller breweries was demonstrated towards the end of 2006 when a pub in Lewes, East Sussex started a well-publicised protest against Greene King for removing the locally produced Harvey's Sussex Best Bitter from sale, while continuing to sell other guest beers. [38]

In January 2014, popular Manchester pub The Lass O'Gowrie, voted "Best Pub in Britain" at the Great British Pub Awards in 2012, [39] closed after the landlord was forced out in an argument over rent. Having lost 40% of their trade after the BBC moved to Salford, the landlord had won a rent reduction at an independent tribunal before being forced out by the brewery. [40]

Greene King has also been criticised for removing many traditional and historic pub signs as part of rebranding schemes. [41]

In 2021, residents of Linlithgow launched a petition aimed at preventing Greene King from changing the name of "The Black Bitch" pub to "The Black Hound". The term "black bitches" is traditionally used for natives of the town, and an image of a black bitch (a female dog) appears on the town's coat of arms. Greene King argued that the name "The Black Bitch" had "racist and offensive connotations". [42] [43] [44] [45]

On 27 January 2024, the Caribbean nation of St Kitts and Nevis announced plans to seek slavery reparations from Greene King, due to its founder Benjamin Greene's historical ownership of 231 enslaved people in St Kitts. Talks have been scheduled between St Kitts and Nevis officials and Greene King. [46]

Beers

Greene King

Abbot Ale Abbot Ale.JPG
Abbot Ale
A pint of Greene King IPA Greene King IPA Cup.jpg
A pint of Greene King IPA

Hardy's and Hansons Kimberley Ale

Belhaven

Morland

Can of Old Speckled Hen Old speckled hen.jpg
Can of Old Speckled Hen

Ridley's

Ruddles

Trader Joe's

In March 2016, Greene King won Best Managed Pub Company (51+ sites) at the 2016 Publican Awards. [70] Greene King's chief executive, Rooney Anand, also won Business of the Year Award at the Publican Awards 2016. [71] In March 2017, Greene King Pub Partners won Best Tenanted & Leased Pub Company (201+ sites) at the 2017 Publican Awards. [72]

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References

  1. 1 2 3 "Preliminary Results 2018" (PDF). Greene King. Archived from the original (PDF) on 20 March 2022. Retrieved 18 March 2019.
  2. ↑ "The Drinks List". Morning Advertiser. 28 November 2022. Retrieved 12 January 2023.
  3. 1 2 3 Smyth, Rob (6 November 2014). "BUSINESS: A close look at Greene King's takeover of Spirit Pub Company". Burton Mail. Archived from the original on 2 April 2015. Retrieved 28 March 2015.
  4. ↑ Wilson, Richard.G. (1983). Greene King: A Business and Family History. London: Bodley Head. p. xi. ISBN   9780370305486.
  5. ↑ "MP of the Month:Edward Greene, brewer and businessman". Victorian Commons. 26 February 2016. Retrieved 26 February 2016.
  6. ↑ "Greene King: How a regional brewer became a national pub chain". East Anglian Times. 19 November 2014. Retrieved 26 February 2016.
  7. ↑ "Greene King to Buy Magic Pub in Britain". The New York Times. 19 June 1996. Retrieved 28 March 2015.
  8. ↑ Roger Protz (18 September 2013). "Rooney Anand Greene King". Morning Advertiser. Retrieved 28 March 2015.
  9. ↑ Jill Treanor (29 May 1999). "Morland brewery under threat as Greene King resurrects bid for rival". The Guardian. Retrieved 28 March 2015.
  10. ↑ "Greene King starts Old English examination". M & C Allegra. 29 September 2001. Retrieved 26 February 2016.(subscription required)
  11. ↑ "Brewer buys pub chain for Ł67m". BBC News. 18 June 2002. Retrieved 11 February 2015.
  12. ↑ "Greene King snaps up Laurel pubs". The Guardian. 9 July 2004.
  13. ↑ "Historic brewer Ridley's to close". BBC News. 4 July 2005. Retrieved 28 March 2015.
  14. ↑ "Greene King taking over Belhaven". BBC News. 22 August 2005. Retrieved 28 March 2015.
  15. ↑ Katie Allen (15 June 2006). "Greene King buys Hardys & Hansons". The Guardian. Retrieved 28 March 2015.
  16. ↑ "Greene King buys up seafood chain". BBC News. 7 August 2007. Retrieved 28 March 2015.
  17. ↑ Hamish Champ (31 January 2011). "Greene King buys Cloverleaf Restaurants for £56m". Morning Advertiser. Retrieved 28 March 2015.
  18. ↑ Nick Fletcher (27 April 2011). "Greene King expands presence in London with Realpubs purchase". The Guardian. Retrieved 5 February 2015.
  19. ↑ "Greene King to buy Capital Pub Company". BBC. 19 July 2011. Retrieved 5 February 2015.
  20. 1 2 3 Yeomans, Jon (1 July 2015). "Greene King sales climb as it completes Spirit acquisition". The Telegraph. Retrieved 25 August 2015.
  21. ↑ "Rooney Anand to step down as Greene King CEO after 14 years". The Caterer. 6 November 2018. Retrieved 13 November 2018.
  22. ↑ "Greene King pub giant snapped up by Hong Kong firm". BBC News. 19 August 2019.
  23. ↑ Davies, Rob (19 August 2019). "Greene King to be sold to Hong Kong's richest family for £2.7bn". The Guardian.
  24. ↑ Chambers, Sarah (19 August 2019). "Greene King to be sold to Hong Kong property giant". Eastern Daily Press.
  25. ↑ Weinland, Don (21 August 2019). "Li family retreats to the pub in search for recession-proof assets". Financial Times. London. Retrieved 22 August 2019.
  26. ↑ "Greene King takeover approved by the Court". Food Manufacture. 30 October 2019. Retrieved 30 October 2019.
  27. ↑ "Beers and breweries". Greene King. Retrieved 8 May 2015.
  28. ↑ Protz, Roger (2012). CAMRA's Good Beer Guide 2013. St. Albans: CAMRA. p.  882. ISBN   9781852492908.
  29. 1 2 "Greene King: where next with strategy?". Hospitality and Catering News. 16 July 2014. Retrieved 9 May 2015.
  30. ↑ "Pub signs of the times on show". Bury Free Press. 26 August 2008. Retrieved 5 February 2015.
  31. ↑ Charlie Whitting (25 January 2017). "Greene King receives two apprenticeship accolades". Pubandbar.com. Archived from the original on 26 October 2017. Retrieved 10 May 2017.
  32. ↑ Duncan Brodie (6 March 2017). "Bury St Edmunds-based Greene King pledges to continue effects to address skills shortage". East Anglian Daily Times. Retrieved 10 May 2017.
  33. ↑ Nicole Sutton (9 May 2016). "Greene King joins forces with Prince's Trust for new scheme". Morning Advertiser. Retrieved 10 May 2017.
  34. ↑ Liam Coleman (18 October 2016). "Greene King's scheme to bring 150 disadvantaged young people into the pub trade". Morning Advertiser. Retrieved 10 May 2017.
  35. ↑ Wilcock, Bryce (13 February 2017). "Greene King launches craft beer academy". BQLive. Retrieved 10 May 2017.
  36. ↑ Dominic Walsh (13 February 2017). "Apprentices are here for the trendier beers". The Times. Retrieved 10 May 2017.
  37. ↑ Nick Davies (3 November 2006). "Bonfire night protest turns heat on brewery". The Guardian. Retrieved 5 February 2015.
  38. ↑ "Greene King boss faces a roasting". BBC News. 1 November 2006. Retrieved 5 February 2015.
  39. ↑ "2017 Winners". Great British Pub Awards. 25 March 2013. Archived from the original on 3 January 2014. Retrieved 20 March 2014.
  40. ↑ Yakub Qureshi (2 January 2014). "Lass O'Gowrie owner Gareth Kavanagh forced out by brewery Greene King for being 'below average'". Manchester Evening News. Retrieved 20 March 2014.
  41. ↑ "Suffolk brewery accused of cultural vandalism after scrapping more than 200 traditional pub signs". ITV News. 7 June 2013. Retrieved 5 February 2015.
  42. ↑ "Linlithgow pub changes name over 'racist connotations'". BBC News. 1 December 2021. Retrieved 2 December 2021.
  43. ↑ "Historic Linlithgow pub to change its name from 'The Black Bitch' over 'racist connotations'". Edinburgh Evening News. 2 December 2021. Retrieved 2 December 2021.
  44. ↑ McCann, David. "Residents furious over plan to rename 'racist' Black Bitch pub". The Times. Retrieved 2 December 2021.
  45. ↑ "Thousands sign petition to stop Black Bitch pub from being renamed". The Scotsman. 2 December 2021. Retrieved 3 December 2021.
  46. ↑ Simpson, Craig (27 January 2024). "Caribbean nation seeks slavery reparations from British brewer Greene King". The Telegraph. ISSN   0307-1235. Archived from the original on 27 January 2024. Retrieved 29 January 2024.
  47. ↑ "Abbot Ale". Greene King. Retrieved 5 February 2015.
  48. ↑ "Greene King Abbot Ale (Cask)". Ratebeer.com. Retrieved 5 February 2015.
  49. ↑ "Brewing Process". Abbot Ale. Archived from the original on 9 November 2009. Retrieved 5 February 2015.
  50. ↑ "Available in cask, bottle and can – Abbot Ale". abbotale.co.uk. Archived from the original on 9 November 2009. Retrieved 23 March 2011.
  51. 1 2 "Greene King IPA". Greene King. Retrieved 28 March 2015.
  52. ↑ "all you need to know about beer". beer-pages.com. Archived from the original on 23 September 2015. Retrieved 5 February 2015.
  53. ↑ Lewis, Robyn (26 March 2009). "Greene King trials IPA dual-pour font". Morning Advertiser. Retrieved 24 December 2017.
  54. ↑ Protz, Roger (23 March 2012). "Greene King goes for Gold with new IPA promotion – Protz on Beer, by Roger Protz". Protz on Beer. Retrieved 23 November 2017.
  55. ↑ "Greene King Strong Suffolk (Olde Suffolk)". Ratebeer.com. 20 March 2015. Retrieved 28 March 2015.
  56. ↑ "Greene King St Edmunds (Bottle)". Ratebeer.com. Retrieved 28 March 2015.
  57. ↑ "Greene King XX Mild". Ratebeer.com. 27 October 2011. Retrieved 28 March 2015.
  58. ↑ "Greene King Brewery – Ice Breaker". Rate Beer. Retrieved 30 January 2022.
  59. ↑ "Hardys & Hansons Olde Trip (Cask)". Ratebeer.com. Retrieved 28 March 2015.
  60. ↑ "Gold for Golden means quality is assured across 'Old Speckled Hen' range (24 May, 2012)". Greene King. 24 May 2012. Archived from the original on 6 February 2015. Retrieved 5 February 2015.
  61. ↑ "Greene King Old Crafty Hen". Beer-pages.co.uk. Archived from the original on 3 March 2016. Retrieved 5 February 2015.
  62. ↑ "Morland Hen's Tooth". Ratebeer.com. Retrieved 28 March 2015.
  63. ↑ "Morland Tanners Jack (Bottle)". Ratebeer.com. Retrieved 28 March 2015.
  64. ↑ "Morland Original Bitter (Cask)". Ratebeer.com. 30 November 2014. Retrieved 28 March 2015.
  65. ↑ "Ridleys Old Bob (Bottle)". Ratebeer.com. Retrieved 28 March 2015.
  66. ↑ "Ruddles County (Filtered)". Ratebeer.com. Retrieved 28 March 2015.
  67. ↑ "Ruddles Best (Cask)". Ratebeer.com. 24 February 2015. Retrieved 28 March 2015.
  68. ↑ "Ruddles Orchard (Bottle)". Ratebeer.com. Retrieved 28 March 2015.
  69. ↑ "The King's English IPA". Ratebeer.com. Retrieved 28 March 2015.
  70. ↑ James Evison (14 March 2016). "Publican Awards 2016: Best managed pub company (51+ sites)". Morning Advertiser. Retrieved 22 March 2016.
  71. ↑ Ben Winstanley (14 March 2016). "Publican Awards 2016: Business leader of the year". Morning Advertiser. Retrieved 22 March 2016.
  72. ↑ Ed Bedington (15 March 2017). "NWTC sweeps board at publican awards". Morning Advertiser. Retrieved 18 March 2017.
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