Greene King

Greene King joins forces with Kained to roll out the barrel…

Greene King recently reported a 6.9% fall in its share price, and analysts have...

Back to News and Events

Greene King joins forces with Kained to roll out the barrel…

22nd February 2018

News : Commercial

Greene King recently reported a 6.9% fall in its share price, and analysts have suggested that a change in the pubs, bars and restaurants market may be to blame.

Recent industry results suggest that companies focussing on drinks sales have outperformed those who have invested more heavily in the restaurant side of their business.

Greene King has responded by announcing a joint venture agreement with Scottish company, Kained Holdings. The new arrangement is expected to lead to a six figure investment in the Droughty Neebors pub in St Andrews, a 60-cover restaurant and the opening of a new gin distillery.

It remains to be seen whether Greene King will shift focus away from the restaurant sector and back to drinks sales. Their latest venture would suggest they are currently hedging their bets.

Sign up to our eMagazine

@POOLEALCOCK

Issue 4 of Poole Alcock Insight is here! Grab a coffee and enjoy Augusts edition of our free Emagazine. https://t.co/qOHgJ9313q

Posted 18th August 2020

@POOLEALCOCK

Weve had a 5* review from Ian: Kate Heath and team - once again, amazing https://t.co/QNvMmTlgu2

Posted 29th July 2020

call icon_laptop_add icon_purchase_new icon_purchase_standard icon_quill icon_remortgage icon_sale_purchase icon_sale icon_tick search tail-right (1)Created with Sketch. tail_right tick_circle_green tick_circle