Loch Fyne seafood chain for sale - report

THE pub chain Greene King has so far yet to comment on a report that it is exploring plans to sell its Loch Fyne seafood restaurant chain.

City sources have reportedly suggested that it is in early talks about a sale after receiving a number of ‘opportunistic bid approaches’.Loch Fyne has almost 40 restaurants around the UK, stretching from Edinburgh to Bath. It is thought that such a sale could net Greene King around £100 million.

Loch Fyne was started in 1977 as an oyster bar on the banks of the loch in Cairndow, Argyll, and Bute. By 1987, the group had a seafood restaurant, smokehouse and oyster bar on the banks of Loch Fyne.

The chain has a large presence in the south of England, but has moved back into its original Scottish homeland with a restaurant in Edinburgh. It has won a number of awards for its distinctive seafood cuisine.