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]

Core Insights - Greene King Pub Partners is expanding its Hive Pubs and Nest Pubs franchises into Wales, planning to open 30 new franchise sites this year after surpassing 100 franchised pubs [1][2] Group 1: Franchise Expansion - The company introduced Hive Pubs in late 2021 and Nest Pubs in 2024, with plans to extend these formats into Wales and south-west England for the first time this year [1][2] - Last year, Greene King Pub Partners opened 30 new franchise pubs, including its first Belhaven-branded sites in Scotland [1] Group 2: Financial Investments - Key launches in 2025 included The Tarbet in Edinburgh, which underwent a £285,000 ($357,245) revamp, and The Dolphin in Melbourn, relaunched as a Hive Pub after a £570,000 upgrade [2] - Planned franchise investments for Q1 2026 include Millwrights in Aylesbury, The Freemasons Arms in Wigan, and The Flag Inn in Egerton [3] Group 3: Business Development - To support the growth of the franchise business, Greene King Pub Partners is adding two business development managers to its franchise team to cover the expanded territory [3] - The managing director of Greene King Pub Partners expressed satisfaction with the ongoing growth of the franchise business, which complements the leased and tenanted pub business [3]