Greene king

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philvantwo
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Greene king

Postby philvantwo » 20 Aug 2019, 5:38am

I read that Greene King who brew Mick F's Speckled Hen and my favourite Abbot Ale have been taken over by the Chinese!
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Cunobelin
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Re: Greene king

Postby Cunobelin » 20 Aug 2019, 6:57am

Apparently so...

Poor MIck F... "Barman can I have a 斑點的母雞 and a packet of Pork scratchings, please?"

mercalia
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Re: Greene king

Postby mercalia » 20 Aug 2019, 7:07am

philvantwo wrote:I read that Greene King who brew Mick F's Speckled Hen and my favourite Abbot Ale have been taken over by the Chinese!


as it goes down good with chicken chop suey

Oldjohnw
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Re: Greene king

Postby Oldjohnw » 20 Aug 2019, 8:57am

I don't wish to appear pedantic but it is Hong Kong's richest family which has bought Greene King.
John

Cycling and recycling

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al_yrpal
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Re: Greene king

Postby al_yrpal » 20 Aug 2019, 11:02pm

They paid a very nice premium too... :mrgreen:

Al
Touring on a bicycle is a great way to explore and appreciate the countryside and towns you pass through. CTC gone but not forgotten!

merseymouth
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Joined: 23 Jan 2011, 11:16am

Re: Greene king

Postby merseymouth » 21 Aug 2019, 7:50am

Hello there, Do I detect the activities of "Moderation" again?
As Hong Kong is now just a region of the PRC the people who originally thought themselves members of he British Commonwealth now find that they are considered lesser folk than those in mainland China.
The agreement from the handover isn't worth the paper it's written on! I'll now avoid Greene King brews. TTFN MM

pete75
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Re: Greene king

Postby pete75 » 21 Aug 2019, 8:02am

Oldjohnw wrote:I don't wish to appear pedantic but it is Hong Kong's richest family which has bought Greene King.


They're not Chinese?

pete75
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Re: Greene king

Postby pete75 » 21 Aug 2019, 8:06am

merseymouth wrote:Hello there, Do I detect the activities of "Moderation" again?
As Hong Kong is now just a region of the PRC the people who originally thought themselves members of he British Commonwealth now find that they are considered lesser folk than those in mainland China.
The agreement from the handover isn't worth the paper it's written on! I'll now avoid Greene King brews. TTFN MM


Hong Kong wasn't a member of the Commonwealth, it was a British colony. The two are not the same. Membership of the Commonwealth was voluntary but colonial status isn't.

Oldjohnw
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Location: Northumberland

Re: Greene king

Postby Oldjohnw » 21 Aug 2019, 8:12am

pete75 wrote:
Oldjohnw wrote:I don't wish to appear pedantic but it is Hong Kong's richest family which has bought Greene King.


They're not Chinese?


Ethnically perhaps. But HK is - at least at present - quite different to Mainland China. HK is still capitalist and free market based (one country, two systems) but disappearing before our very eyes. In twenty years it will will be fully absorbed.
John

Cycling and recycling

merseymouth
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Re: Greene king

Postby merseymouth » 21 Aug 2019, 8:17am

Hello there, Agreed on all points. But the reality is that after the handover the once British Colony is now de facto an integral part of the PRC, as China has in fact repudiated all of their agreed conditions negotiated by Thatcher's HMG. That is the reality.
But isn't it strange that in sport Hong Kong still gets a presence, in addition to the PRC?
Colonialism was bad, the PRC's treatment of it's own citizens is no better! MM

Tangled Metal
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Re: Greene king

Postby Tangled Metal » 21 Aug 2019, 8:19am

It has a 50 year transition from two system one country to one country one system. Is it halfway through that now?

pete75
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Joined: 24 Jul 2007, 2:37pm

Re: Greene king

Postby pete75 » 21 Aug 2019, 8:35am

merseymouth wrote:Hello there, Agreed on all points. But the reality is that after the handover the once British Colony is now de facto an integral part of the PRC, as China has in fact repudiated all of their agreed conditions negotiated by Thatcher's HMG. That is the reality.
But isn't it strange that in sport Hong Kong still gets a presence, in addition to the PRC?
Colonialism was bad, the PRC's treatment of it's own citizens is no better! MM


It was an integral part of China until Britain seized it during the Opium wars in the mid nineteenth century. Nothing wrong with it going back to it's pre colonial status.

Oldjohnw
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Re: Greene king

Postby Oldjohnw » 21 Aug 2019, 8:57am

Tangled Metal wrote:It has a 50 year transition from two system one country to one country one system. Is it halfway through that now?


Pretty well. Which is why today's students are getting so twitchy. They will have children who will be young adults then and will suddenly be aborted into communist China.
John

Cycling and recycling

mercalia
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Re: Greene king

Postby mercalia » 21 Aug 2019, 9:03am

https://www.theguardian.com/business/20 ... GTUK_email

It’s not hard to see why Greene King looked attractive. CKA is a property company and Greene King has an estate which has a current market value of £4.6bn against a book value of £3.6bn.

Many of these properties are in desirable parts of the country and would be worth more if converted into homes than they would be if they stayed as pubs. It is in CKA’s interests at present to say that it is impressed by Greene King’s ability to generate strong cashflow but any Greene King regular who thinks this deal will not lead to pub closures has probably had one too many.


So really just another asset strip

Oldjohnw
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Re: Greene king

Postby Oldjohnw » 21 Aug 2019, 9:59am

mercalia wrote:https://www.theguardian.com/business/2019/aug/21/greene-king-sale-isnt-one-for-pubgoers-to-drink-to?utm_term=RWRpdG9yaWFsX0d1YXJkaWFuVG9kYXlVS19XZWVrZGF5cy0xOTA4MjE%3D&utm_source=esp&utm_medium=Email&utm_campaign=GuardianTodayUK&CMP=GTUK_email

It’s not hard to see why Greene King looked attractive. CKA is a property company and Greene King has an estate which has a current market value of £4.6bn against a book value of £3.6bn.

Many of these properties are in desirable parts of the country and would be worth more if converted into homes than they would be if they stayed as pubs. It is in CKA’s interests at present to say that it is impressed by Greene King’s ability to generate strong cashflow but any Greene King regular who thinks this deal will not lead to pub closures has probably had one too many.


So really just another asset strip


Indeed. And eventually, our rail, our power, our telecoms and now our beer will end up with Communist China. And what they don't own the Saudis and Russian oligarchs will.
John

Cycling and recycling