British pub operator Greene King plans fresh restructuring – report

British pub operator Greene King is planning another restructuring of its operations that could lead to job losses, according to The Times.

The move is said to be in response to the higher taxes and rising costs that impacted the UK pub sector.

The company, which operates around 2,600 pubs across Britain, is considering changes that may affect around 100 roles in its head office and central teams.

Discussions are ongoing, and no final decision is believed to have been made. The company has declined to comment on the report.

This latest review follows a significant restructuring less than two years ago, when Greene King cut head office and field-based positions in a move it said would help the business thrive “in these challenging times”.

Greene King runs a mix of managed pubs, which it operates directly, and leased or tenanted sites, where it acts as landlord to independent operators.

Pub groups have faced sharp increases in operating costs in recent years. Energy, food, drink and wage bills have all risen, eroding margins across the sector.

In its most recent accounts, Greene King reported a 3.2% increase in sales to £2.45bn ($3.1bn) in 2024.

Despite the rise in revenue, the group posted a pre-tax loss of £147.1m, while stating that adjusted operating profit stood at £198m.

Meanwhile, the group has continued to expand its estate, even as it now examines further restructuring of its central operations.

Earlier this month, Greene King Pub Partners, a division of Greene King, announced its plans to expand its Hive Pubs and Nest Pubs franchised formats into Wales this year.

“British pub operator Greene King plans fresh restructuring – report” was originally created and published by Verdict Food Service, a GlobalData owned brand.

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