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Greene King Continues Retail Expansion

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Greene King Continues Retail Expansion

Greene King Continues Retail Expansion
February 02
12:47 2011
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In line with its retail expansion strategy and accelerating its repositioning toward food-driven outlets, British regional brewer and pub operator Greene King has completed the acquisition of Cloverleaf Restaurants for £55.8m. Cloverleaf operates large, freehold, quality pub restaurants, across the North of England and the Midlands, and is well positioned to capitalise on the growing carvery market.

It is growing strongly both organically, with like-for-like sales growing ahead of Greene King’s existing retail business, and through additional sites. There is a strong pipeline of new sites with a minimum of ten additional outlets expected to open within two years. Greene King plans investment of about £25m in the first ten pipeline sites.

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