Greene King Brewery
|Traded as||LSE: GNK|
|Tim Bridge, (Chairman)
Rooney Anand, (CEO)
|Revenue||£1,301.6 million (2014)|
|£265.6 million (2014)|
|Profit||£96.1 million (2014)|
Greene King is a British brewery established in 1799 in Bury St Edmunds, Suffolk. It has grown to become one of the largest British-owned breweries in the UK through a series of takeovers which have been the subject of some criticism. The company owns pubs and hotels including the Hungry Horse pub chain. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 share index.
Greene King has grown both organically and via mergers and acquisitions. Key acquisitions in recent years include the Magic Pub Company (1996), Hungry Horse (1996), Morland (1999), Morrells (2002), a large part of the Laurel Pub Company (2004), Ridley's (2005), Belhaven (2005), Hardys and Hansons (2006), the Loch Fyne fish restaurant chain (2007), Cloverleaf (2011), Realpubs (2011) and the Capital Pub Company (2011).
Greene King has agreed to terms for the acquisition of Spirit Pub Company which is expected to be completed in the first half of 2015. Shareholders in Spirit will be issued with new shares in Greene King representing 28.9% of the enlarged group. Spirit operates 794 managed pubs (including the brands Chef & Brewer, Fayre & Square, Wacky Warehouse, John Barras, Flaming Grill and Taylor Walker) and 433 leased pubs. The Competition and Markets Authority has raised concerns about the proposed acquisition.
The Greene King brewery in Bury St Edmunds produces beers branded in the names of breweries now closed, including Morland (Old Speckled Hen), Ruddles, Hardys & Hanson and Tolly Cobbold. The Belhaven brewery in Dunbar continues to operate in Scotland.
- Its retail division with over 1,000 sites split roughly equally between its destination pubs and restaurants (with brands including Hungry Horse, Loch Fyne and Metropolitan Pub Company) and its local pubs. Its strategy is to open further retail outlets.
- Its pub partners division has just under 900 leased, tenanted and franchised pubs. Its strategy is to reduce the numbers of these outlets.
There is a visitor centre next to the brewery, and tours are run regularly throughout the week. The brewery has an exhibition of pub sign artwork by George Taylor, who designed over 250 such signs for Greene King pubs.
Greene King's ongoing business expansion has sometimes been the subject of criticism. As a result of its active acquisition policy, it has come to be known by beer protesters as Greedy King. The British consumer group CAMRA claims that Greene King is in danger of becoming a monopoly by buying out other breweries and thus potentially limiting choice for the pub consumer. The growing consumer reaction to this shift was demonstrated towards the end of 2006 when a pub in Lewes, East Sussex started a well-publicised protest against Greene King for removing the locally produced Harveys Sussex Best Bitter from sale, while continuing to sell other guest beers.
In January 2014, popular Manchester pub The Lass O'Gowrie (voted "Best Pub in Britain" at the Great British Pub Awards in 2012) was forced to close after landlord Gareth Kavanagh was forced out in an argument over rent. Having lost 40% of their trade after the BBC moved to Salford, Kavanagh won a rent reduction at an independent tribunal but was forced out by the brewery.
Greene King has also been criticised for removing many traditional and historic pub signs as part of rebranding schemes.
- Abbot Ale - A premium bitter (5.0% abv) first brewed in the 1950s. The ingredients are pale, crystal and amber malts; with First Gold, Challenger and Fuggles hops - the Fuggles being late-hopped. In 2007 Abbot Reserve (6.5% abv) was introduced as a winter special in the cask, with year round availability in the bottle.
- Greene King IPA - A cask bitter (3.6% abv) served in pubs and cans available from supermarkets and off-licences nationally. It is made using Challenger and English First Gold hops. Greene King IPA controversially won the Gold award at the 2004 Campaign for Real Ale (CAMRA) Great British Beer Festival in the Bitter category and runner-up in the Champion Beer Of Britain category.
- IPA Export - A stronger cask bitter (5.0% abv) IPA available from off-licenses in bottles, also made using Challenger and English First Gold hops.
- Olde Suffolk/Strong Suffolk Vintage - A strong old ale (6% abv) that is a blend of two ales, one being aged in oak for two years. It is available in bottles.
- St Edmunds - A crisp golden ale (4.2% abv) recently released. it is available in both bottles and cask nationally.
- Greene King XX Mild (3% ABV). A dark mild ale available on cask. Black and Crystal malts, Northdown hops.
- Ruddles County - A 4.7% bitter available on cask nationally and pasteurised in bottles in most British supermarkets.
- Ruddles Best Bitter - A 3.7% session bitter with national distribution.
- Ruddles Orchard - This 4.2% cask bitter consists of Ruddles County with the addition of apple concentrate. Also available pasteurised in bottles.
- "Old Speckled Hen" is a popular bitter, available both as a cask ale and pasteurised in bottles. First brewed in 1979 by Morland Brewery in Abingdon, Oxfordshire to celebrate the 50th anniversary of the MG car company setting up in Abingdon, and named after the MG factory's MG car - the paint splattered Owld' Speckled 'Un. Brewed since 1999 by Greene King. Greene King has retained the strain of yeast first used in 1896. Old Golden Hen has received a coveted Monde Selection Award at the 2012 World Quality Selections. By receiving this award, the Old Golden Hen became the third and final member of the Old Speckled Hen family to win a Monde Selection quality award. In 2008, Greene King released a vintage oaked, super premium version of Old Speckled Hen, named Old Crafty Hen (6.5%).
- Hen's Tooth - A 6.5% bottle conditioned beer.
- Tanners Jack - abv 4.4% - Regularly seen across the country as a guest beer, often found in Wetherspoons, like many Greene King beers. Also available in 500ml bottle.
- Morland Original - abv 4.0% - Not seen as much as it was but often pops up in the old Morland heartlands. Also available in 500ml bottle.
- Old Bob - Still popular in Essex despite the beer's new journey from Bury St Edmunds; it is 5.1% and available both on cask and bottled.
Hardy's & Hansons
- Olde Trip - A 4.3% Premium Ale. Named in honour of the Nottingham inn Ye Olde Trip To Jerusalem, which claims to be the oldest inn in Britain. As of September 2007 this was for sale in the Brewery Museum in 500ml bottles.
- The King's English - A 6.0% export IPA.
- "Annual Report 2014" (PDF). Greene King. Retrieved 28 March 2015.
- Smyth, Rob (2014-11-06). "BUSINESS: A close look at Greene King's takeover of Spirit Pub Company". Burton Mail. Retrieved 2015-03-28.
- "Greene King to Buy Magic Pub in Britain". New York Times. 1996-06-19. Retrieved 2015-03-28.
- Roger Protz (2013-09-18). "Rooney Anand Greene King". Morningadvertiser.co.uk. Retrieved 2015-03-28.
- Jill Treanor. "Morland brewery under threat as Greene King resurrects bid for rival | Business". The Guardian. Retrieved 2015-03-28.
- "UK | England | Brewer buys pub chain for Ł67m". BBC News. 2002-06-18. Retrieved 2015-02-11.
- "Greene King in £654m pubs buy". This is money. 2004-07-09. Retrieved 2015-03-28.
- "UK | England | Essex | Historic brewer Ridley's to close". BBC News. 2005-07-04. Retrieved 2015-03-28.
- "Business | Greene King taking over Belhaven". BBC News. 2005-08-22. Retrieved 2015-03-28.
- Katie Allen. "Greene King buys Hardys & Hansons | Business". The Guardian. Retrieved 2015-03-28.
- "Business | Greene King buys up seafood chain". BBC News. 2007-08-07. Retrieved 2015-03-28.
- Hamish Champ (2011-01-31). "Greene King buys Cloverleaf Restaurants for £56m". Morningadvertiser.co.uk. Retrieved 2015-03-28.
- Nick Fletcher (2011-04-27). "Greene King expands presence in London with Realpubs purchase | Business". The Guardian. Retrieved 2015-02-05.
- "Greene King to buy Capital Pub Company". BBC. 2011-07-19. Retrieved 2015-02-05.
- "Circular, proposed acquisition of Spirit Pub Company plc" (PDF). Greene King. Retrieved 2015-05-08.
- "Recommended offer for Spirit Pub Company Limited by Green King plc" (PDF). Spirit Pub Company. Retrieved 2015-05-13.
- "Greene King and Spirit agree £773.6m deal". Morning Advertiser. 2014-11-04. Retrieved 2015-05-09.
- "Competition watchdog intervenes in Greene King takeover of Spirit Pub Co". The Guardian. 11 May 2015. Retrieved 13 May 2015.
- "Beers and breweries". Greene King. Retrieved 2015-05-08.
- Protz, Roger (2012). CAMRA's Good Beer Guide 2013. St. Albans: CAMRA. p. 882. ISBN 9781852492908.
- "Our business model". Greene King. Retrieved 2015-05-08.
- "Greene King: where next with strategy?". Hospitality and Catering News. 2014-07-16. Retrieved 2015-05-09.
- "Pub signs of the times on show". Bury Free Press. 2008-08-26. Retrieved 2015-02-05.
- Nick Davies (2006-11-03). "Bonfire night protest turns heat on brewery | UK news". The Guardian. Retrieved 2015-02-05.
- "Greene King - The Brewer CAMRA Loves To Hate | Ragtrader". Stockopedia.com. Retrieved 2015-03-28.
- "Business | Greene King boss faces a roasting". BBC News. 2006-11-01. Retrieved 2015-02-05.
- "Great British Pub Awards". Greatbritishpubawards.co.uk. 2013-03-25. Retrieved 2014-03-20.
- "Lass O'Gowrie owner Gareth Kavanagh forced out by brewery Greene King for being 'below average'". Manchester Evening News. 2014-01-02. Retrieved 2014-03-20.
- 7 June 2013 at 12:27pm (2013-06-07). "Suffolk brewery accused of cultural vandalism after scrapping more than 200 traditional pub signs | Anglia - ITV News". Itv.com. Retrieved 2015-02-05.
- "Beers & breweries - Our beers - Abbot Ale". Greene King. Retrieved 2015-02-05.
- "Greene King Abbot Ale (Cask)". Ratebeer.com. Retrieved 2015-02-05.
- "Brewing Process". Abbot Ale. Retrieved 2015-02-05.
- "Available in cask, bottle and can - Abbot Ale". www.abbotale.co.uk. Retrieved 2011-03-23.
- "Beers & breweries - Our beers - Greene King IPA". Greene King. Retrieved 2015-03-28.
- "all you need to know about beer". beer-pages.com. Retrieved 2015-02-05.
- "Greene King Strong Suffolk (Olde Suffolk)". Ratebeer.com. 2015-03-20. Retrieved 2015-03-28.
- "Greene King St Edmunds (Bottle)". Ratebeer.com. Retrieved 2015-03-28.
- "Greene King XX Mild". Ratebeer.com. 2011-10-27. Retrieved 2015-03-28.
- "Ruddles County (Filtered)". Ratebeer.com. Retrieved 2015-03-28.
- "Ruddles Best (Cask)". Ratebeer.com. 2015-02-24. Retrieved 2015-03-28.
- "Ruddles Orchard (Bottle)". Ratebeer.com. Retrieved 2015-03-28.
- "Gold for Golden means quality is assured across "Old Speckled Hen" range (24 May, 2012)". Greene King. Retrieved 2015-02-05.
- "Greene King Old Crafty Hen". Beer-pages.co.uk. Retrieved 2015-02-05.
- "Morland Hen’s Tooth". Ratebeer.com. Retrieved 2015-03-28.
- "Morland Tanners Jack (Bottle)". Ratebeer.com. Retrieved 2015-03-28.
- "Morland Original Bitter (Cask)". Ratebeer.com. 2014-11-30. Retrieved 2015-03-28.
- "Ridleys Old Bob (Bottle)". Ratebeer.com. Retrieved 2015-03-28.
- "Hardys & Hansons Olde Trip (Cask)". Ratebeer.com. Retrieved 2015-03-28.
- "The King’s English IPA". Ratebeer.com. Retrieved 2015-03-28.