Greenwich Inc Selling Up?

I have just heard from someone I trust that Greenwich Inc are  into negotiations for selling all of their Greenwich properties except the Spread Eagle. Not sure if I’m supposed to say who to yet, but it’s a group that already has a lot of bars and pubs across London.

This, I confess, surprises me, given the recent news that they plan to turn the parts of Nelson road over Bar du Musee into a hotel, but maybe this is to fund it, given how much they’ve spent elsewhere in town on various high profile ventures that have met with astonishingly bad reviews (not sure if you’ll be able to read the ES article here – I’ve been having trouble with the site recently, only able to read ads, rather than content, but there’s no directions to a paywall or anything. Oh, well, it’s their loss – I failed to find their newsdesk number the other day so another newspaper got a tip-off instead (nothing to do with Greenwich). ) Of course the planning app might just be to push the overall price up.

I’m told that the company usually sinks a lot of money into new ventures, so hopefully places like the Coach and Horses, which isn’t looking well at all, to say the least, and the Trafalgar, which if you look past the initial wedding-cake-icing is definitely a peeling-paint-sprouting weeds-from-the-roof kind of place, will get a facelift. Hell – who knows – we might even get the Cricketers back.

Now, I have to stress that as yet this is all unconfirmed though, as I say, I trust the person who told me. If it’s true, then this could be a shot in the arm for Greenwich restaurants. Obviously I would always prefer individual, quirky restaurants run by different, passionate people, but in the absence of this with these particular venues, I do understand that this company likes to keep individual places individual, so I am cautiously optimistic that this isn’t us jumping out of the proverbial frying pan into the proverbial fire.

We can only wait and see.

24 Comments to “Greenwich Inc Selling Up?”

  1. M32 says:

    Good news indeed! Fingers crossed.

  2. Chris says:

    Crossing everything. This can’t happen soon enough.

  3. Richard says:

    They have recently closed their Canary Wharf place (the old Ubon) so who knows maybe?

  4. Jack Cross says:

    The wicked witch is dead!
    The way, for example, the Coah and Horses has been let to go to rack and ruin is a disgrace – the toilets are always flooded (sometimes men have to use the Ladies, which has got to be illegal), there has been no kitchen since a fire last December, half the lights in the bar don’t work (the candles are there out of neccessity, not to create a romantic ambience) etc etc.
    Hopefully a pub operating company will return the Cricketers to it’s proper status as a pub. In a sane world the destruction of the Cricketers (which was a perfectly viable pub, would debar Inc from ever buying another pub, but sadly the world doesn’t work like that.

  5. Neil says:

    It’s hard to imagine that whoever buys them could do a worse job of running those pubs.

  6. scared of chives says:

    Great news, if true.

  7. Robert Number 16 says:

    Keep small I say.I can`t think who Greenwich Inc is / was collecting all those bars /pubs for.Maybe if a certain someone had stuck to one or two they might be in a better situation now.I have learnt in life “If one is not good to people on the way has too be ten times better to people on the way down”
    So far among others fake little old pub on the river.A fish and chip shop thats been there since….? Now,well who knows a “Boutique Hotel” Perhaps someone`s watched a repeat of “The Hotel Inspector”.
    What someone does`nt get is the charm of Greenwich is the fact there are lots sole traders all doing their own thing.Making watered down copies of pubs bars shops boutique hotels and then trying to keep them all for ONE seems very bad form, and dare I say smacks of just shere greed.

  8. Old China says:

    A tentative “hooray” from me, unless this new owner is Whetherspoons!

  9. Don’t worry OC – The current front runner is NOT Wetherspoons.

  10. Old China says:

    “Hooray” it is then. I look forward to seeing how this pans out.

  11. rod says:

    The company who are negotiating with Inc are a pub operating company, possibly not a name you’ve heard of, but they have 20 or so traditional pubs in London. Not a chain as such – all the pubs are run as individual places, so it’s not like All Bar One are going to be taking over all Inc’s pubs and standardising them.
    This looks to me like a good, if not quite perfect, outcome, so fingers crossed. The legal stuff has to be sorted out and no money has changed hands, so this could still fall through, but with any luck, by say the New Year, Greenwich’s pubs could be in a rather better shape than they are at present.
    I understand that the chip shop is not a roaring success, unsurprisingly, and one would like to think that a pub company would restore it to it’s proper status, ie a pub, or at least a nice cafe/winebar.
    I have always said the Inc have done more harm to Greenwich Town centre than anyone since the Luftwaffe, but perhaps there is now some light at the end of the tunnel

  12. John says:

    Rod’s description sounds like the operator of one of my preferred drinking establishments – hurrah.

    Seeing as no-one else is naming, five letters, all but 4 of their current places in SE or SW postcodes?

  13. rod says:

    No – it’s not Antic, sorry

  14. Jeremy says:

    “No – it’s not Antic, sorry”

    Oh? That’s a shame, but it all sounds bluddy marvelous.

    I’m crossing everything.

  15. Jonathan says:

    Capital Pub Company, who run New Cross House and others?

  16. rod says:

    Please stop guessing – neither the Phantom nor I am going to tell you at this stage, as premature disclosure at this stage could compromise the deal, which, if it goes through, could be the one good thing that has happened to the town centre in a long time.

  17. Jonathan says:

    No problem, Rod. Look forward to finding out who.

    BTW always had a fantasy about Meantime establishing a presence at that end of Greenwich, I wonder if they are looking to expand their pub estate beyond the two they already have?

  18. tintinhaddock says:

    Good riddance.

    I ran into Frank the Yank a couple of times, a shockingly rude and arrogant man.

  19. Jack Cross says:

    “I ran into Frank the Yank a couple of times, a shockingly rude and arrogant man.”

    I wouldn’t mind him being rude and arrogant if he was doing a great job for Greenwich, but rude, arrogant and incompetent is an unacceptable combination in my view.
    Not that it’s Greenwich’s problem, but the ES review of Madison is, I think, the worst restaurant review I’ve ever read.

  20. Kratch says:

    Yay! Good riddance to bad rubbish etc.

  21. John says:

    But guessing’s half the fun …

    Sorry it’s not Antic given I’d see them as a known(ish) quantity, but I trust it’s someone just as good.

  22. John says:

    Hmm. Google suggests a few suspects and I’ve no way of telling so won’t guess further. But I hope the prospective buyer isn’t Faucet as they are reported as having gone into administration last week …

  23. Oscar David says:

    Oh no!
    Fascinated by this news… made some enquiries to someone I know at Inc.
    The party that was going to purchase was some Dubai-backed outfit but, apparently Greenwich Hospital have begged and induced Frank Dowling out of selling – so now he is staying!
    Dreadful news! Don’t know who’s worse – Frank or the Hospital? Who are they? Who runs it? In whose interests? Surely, anyone is better than Frank? They should be held to account!
    I feel a little bit sick!

  24. Carina H says:

    Yes! Lets have The Cricketeer back!
    In that case we get a fine pub back and get rid of the smell of dead fish wafting down Turnpin Alley.