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May 30, 2022 View:

Li Ka Shing's UK pub to close 25 stores permanently

China Fund News, Oct. 7 (Bloomberg) -- Greene King, the U.K.'s largest pub operator owned by the Li Ka-shing family, has announced that it will now temporarily close 79 sites, about a third of which are expected to close permanently, while cutting nearly 800 jobs.

Image from: Internet

This means that Greene King will permanently close 25 bars.

According to the information, Greene King was founded in 1799 by 19-year-old Benjamin Greene. The chain is now a leading pub retailer and brewer in the UK, with more than 3,100 pubs, restaurants and hotels in England, Wales and Scotland.In late August 2019, Li Ka-shing"s Cheung Kong Group acquired Greene King for 4.6 billion pounds (about HK$43 billion, 39.3 billion yuan).