Asahi have bought Fuller's, it's a feckin outrage.
https://www.standard.co.uk/business...ss-to-japans-asahi-in-250m-deal-a4048851.html
Chief exec of Fuller's said "This deal secures the future of both parts of our business including protecting the heritage of the Griffin Brewery in Chiswick, which was particularly important to the Fuller’s Board."I hope they don't close the Griffin Brewery
Sounds similar to Kraft taking over Cadbury. We won't close this that and the other or change the ingredients...Chief exec of Fuller's said "This deal secures the future of both parts of our business including protecting the heritage of the Griffin Brewery in Chiswick, which was particularly important to the Fuller’s Board."
We shall see.
As Fullers the Publican/Hotelier will be buying beer (at preferential rates) from Fullers the Brewer, it is unlikely, certainly in the short term. Altho I am not familiar with Asahi's UK operations.
Business, innit?
If your name was 3beersfuller, not 3BM, and a jap chap came along and offered you 250 million squids, would you say no?
I think you'll find @threebikesmcginty to be a man of all together higher principles
https://www.fullers.co.uk/corporate/governance/the-boardIndeed, I'd have held out for £300m.
Fuller's have some great beers, 1845 is a fave. Gales HSB is a fine bitter too. Hope it doesn't get freaked up. Shows what happens if you put a non family person in charge of a family business.
'Scottish Style Ale'?Kilt Lifter....
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Keep your hands off my sporran!
Getting hint of nuts and ginger...
Anyone else had issues with canned beer?
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And the discerning newspaper reader's Saturday morning read of choice is reporting today that the family still own 50% of the shares and control 75% of the voting rights. A 20% jump in share price on the news suggests that Asahi is paying a very generous price, which might well have swayed them.https://www.fullers.co.uk/corporate/governance/the-board
The chair is a Turner and there are two Fullers on the Board. Three family members is quite a lot.