British pub operator Greene King plans fresh restructuring – report

Core Viewpoint - British pub operator Greene King is planning a restructuring of its operations in response to higher taxes and rising costs affecting the UK pub sector, which may lead to job losses [1][2] Group 1: Restructuring Plans - The restructuring could impact around 100 roles in the head office and central teams [1] - Discussions are ongoing, and no final decision has been made regarding the restructuring [2] - This review follows a significant restructuring less than two years ago, which involved cutting head office and field-based positions to help the business thrive [2] Group 2: Financial Performance - Greene King reported a 3.2% increase in sales to £2.45 billion ($3.1 billion) in 2024 [3] - Despite the revenue increase, the group posted a pre-tax loss of £147.1 million, with an adjusted operating profit of £198 million [3] Group 3: Operational Expansion - The company continues to expand its estate, with plans to introduce its Hive Pubs and Nest Pubs franchised formats into Wales this year [4]