Punch set to take over 24 Greene King pubs in nationwide deal
Punch is poised to acquire a 24-pub portfolio from Greene King, comprising 20 trading venues and four closed sites across England and Scotland. On completion, Punch plans to refurbish and convert each site using its onboarding and operating model to position the pubs for future success. Greene King said the trading-pub team members would enter into full consultation. Punch described the deal as a long-term investment. Chief executive Andy Spencer said the acquisition represents an exciting step in its growth plan and aligns with Punch’s track record of investing in pubs, empowering partners and building social connections in communities. The group looks forward to welcoming the pubs and their teams. This purchase follows a strong year of growth for Burton-upon-Trent-based Punch, which invested £68.2m of capital expenditure, with £56m spent on the core pub estate and £12.2m on recently acquired pubs. Earlier this week, Punch announced it had acquired Slug & Lettuce in Bromsgrove. Meynell Ingram Arms in Hoar Cross, East Staffordshire, reopened after a half-a-million-pound investment. Greene King recently invested £250,000 in fully renovating the Sportsman in Reading. In company news, Greene King chief executive Nick Mackenzie said he would be stepping down as of February 2027, with Clair Peterson-Beer named as his successor. Source: The Morning Advertiser
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