For many the £4.6bn deal by Hong Kong billionaire Victor Li to acquire the UK’s largest-listed pub and brewery group, Greene King, came as a shock. Across the country, one in four of Britain’s public houses have closed over the past decade. On the surface it looks like a bad time to take on exposure to Britain’s hospitality industry: casual dining outfits like Jamie’s Italian have been forced to cut costs and close branches while a potential no-deal Brexit at the end of October could hit any potential customers’ spending power.
For many the £4.6bn deal by Hong Kong billionaire Victor Li to acquire the UK’s largest-listed pub and brewery group, Greene King, came as a shock. Across the country, one in four of Britain’s public houses have closed over the past decade. On the surface it looks like a bad time to take on exposure to Britain’s hospitality industry: casual dining outfits like Jamie’s Italian have been forced to cut costs and close branches while a potential no-deal Brexit at the end of October could hit any potential customers’ spending power.
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