Greene King buys Cloverleaf

first_img Share whatsapp Monday 31 January 2011 3:39 am Show Comments ▼ Greene King has bought carvery and pub chain Cloverleaf Restaurants for £56m.Cloverleaf has 12 sites in the Midlands and the north of England with plans for 10 more.Meanwhile Suffolk-based Greene King said sales from outlets open more than a year in its largest unit, Retail, rose 3.9 per cent in the 38 weeks to 23 January. Like-for-like food sales jumped 8.2 per cent, lifted by sales at its pub restaurant brand Hungry Horse.Greene King, whose other chains include Old English Inns and Loch Fyne Restaurants, has focussed on value and higher margin food sales since 2008 helping it outperform competitors who have struggled in torrid trading conditions.As a result, full-year margins at its retail business will to be slightly ahead of last year, the company said, but echoed its peers in noting caution on the outlook.“The short-term outlook for the consumer is unclear, but we are confident we will… meet our expectations for the financial year” it added. Greene King said volumes were down 3.3 per cent in own-brewed ale volumes.” Greene King buys Cloverleaf Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp John Dunne last_img read more