Greene King at risk of closing 150 pubs amid 'perfect storm' of rising inflation and taxes

Some 150 pubs owned by the brewery giant Greene King are understood to be at risk of closure in another blow to Britain's high streets.

Greene King has announced plans to offload dozens of pubs onto the property market while converting another 150 venues into tenanted pubs.s

As a result of this, hundreds of sites currently managed by the company will either be sold off or given to independent landlords

Furthermore, Greene King Pubs managing director Zoe Bowley is stepping down from her position, The Sun reports.

This latest departure from the firm comes as chief executive Nick Mackenzie has slammed the "perfect storm" of rising inflation and employment costs in recent months.

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