Partly Cloudy

Partly Cloudy

max temp: 23°C

min temp: 16°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

West Suffolk: Pubs in Barrow, Bardwell, Barningham, Risby, Tostock and Walsham among those sold by Greene King

18:00 03 June 2014

Village pubs across west Suffolk begin a new era under new ownership this week having been sold off by Greene King.

At least seven pubs in the west of the county officially transferred to the control of Hawthorn Leisure yesterday as part of a £75million, 275-pub deal that was announced last month.

While Greene King has refused to announce the full list of sold pubs, tenants at The Dun Cow in Bardwell, The Six Bells in Walsham, The Royal George in Barningham, The Gardeners Arms in Tostock, The Crown and Castle in Risby, and two pubs in Barrow – The Weeping Willow and The Three Horseshoes – all told the EADT they had been sold by the Bury St Edmunds-based brewer.

Many tenants, some of whom have been village stalwarts for decades, spoke with uncertainty about their pubs’ futures, with many yet to meet with anyone from Hawthorn Leisure.

Hawthorn is a new company backed by New York investment giant Avenue Capital and private equity firm May Capital LLP, and has said it wants to buy traditional drink-led pubs from other large companies and allow their tenants greater flexibility.

Alan Nurse and his family have run The Dun Cow in Bardwell for 36 of the past 37 years, and was optimistic about the pub’s future.

He said: “All the people we’ve spoken to within Hawthorn Leisure and Matthew Clark (the distribution company Hawthorn are working with) have been very positive,” he said.

Tony Cox, from The Royal George in Barningham, said he felt it was “inevitable” Greene King were going to sell.

Steve Gardener, the tenant at The Gardeners Arms in Tostock, said he had been told he could not speak to anyone from Hawthorn Leisure until after the changeover.

Greene King declined to comment, but chief executive officer Rooney Anand had previously said: “Our strategic plan, announced in July 2010, was to reduce our tenanted and leased estate to 1,200 sites.

“We believe that a smaller estate than originally envisaged is now more appropriate going forward, as we move increasingly to
higher growth areas in our markets and to improve the customer offer.”

A spokesman from Hawthorn Leisure said: “Since announcing the transaction we have contacted all of those publicans affected, and we look forward to meeting with them face to face after the transaction completes.”

Search hundreds of local jobs at Jobs24

2 comments

  • Sold because they are not making enough profit for the brewery. They wonder why they are known in the trade as Greedy King. Ps. I used to be one of Greene Kings tenants and they sold my pub to another small company. The pub is now closed and up for sale .

    Report this comment

    The original Victor Meldrew

    Wednesday, June 4, 2014

  • Sold from one lot of accountants to another lot of accountants? Watch this space for the outcome.

    Report this comment

    Blackeye

    Tuesday, June 3, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Britain is set to get its first new nuclear power station in generations as EDF’s directors approve investment in Hinkley Point.

Confidence among manufacturing firms has dropped since the vote to leave the European Union, says a report.

Confidence among manufacturing firms has dropped since the vote to leave the European Union, putting the sector’s recovery in jeopardy, says a report.

A Lloyds Bank branch in Halesworth. Lloyds Banking Group has announced it will close 200 branches and cut 3,000 jobs.

Lloyds Banking Group is cutting 3,000 jobs and shutting 200 branches as the lender braces for a cut in interest rates following Britain’s decision to quit the European Union.

Damian Lewis as Bobby

Game Of Thrones broadcaster Sky has brushed aside economic uncertainty surrounding Britain’s referendum on the European Union to drive up revenues and profits.

Almost 400,000 customers deserted British Gas in the first half of the year as its parent firm, Centrica, saw profits take a dive.

Almost 400,000 customers deserted British Gas in the first half of the year as its parent firm, Centrica, saw profits take a dive.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24