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Brewing just small beer for Britain's biggest pub chains
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Newspaper Article
Brewing just small beer for Britain's biggest pub chains
2000
Overview
Whitbread has the Marriott hotel chain and the budget Travel Inn, about 300 UK hotels in all, branded pubs such as Hogshead and Brewers Fayre, and a string of restaurants that cover the social waterfront from Pizza Hut and TGI Fridays, to Beefeater and Cafe Rouge. Whitbread believes feeding, not brewing, will be more profitable over the next five years when the eating-out market has been forecast to rise by 5 per cent. The City's coolness to the sector is typified by Whitbread and Bass's shares rising appreciably on the days of their respective deals; but when S&N nailed its colours to the brewing mast with the recent acquisition of Kronenbourg from Danone its shares fell. S&N's shares are still about GBP 2 off their year-highs of 750p. Both companies have sold their beermaking operations to the privately-owned Belgian drinks giant Interbrew, [William Bass] for GBP 2.3 billion and Whitbread for GBP 400 million. The deal means that famous names passing to foreign ownership include Bass Draft, Worthington Bitter, Tennant's Lager, Caffrey's and Carling Black Label, the biggest selling lager in Britain, as well as Whitbread's Flowers, Boddingtons, Murphys and Wadworths brands.
Publisher
Scotsman Publications
Subject
