Tue, 25 Oct 2011 | BUSINESS SALE
Fuller, Smith & Turner has announced a strategic acquisition programme in time for the London 2012 Games, which will see it purchase five London pubs.
The brewer - which is behind the famous London Pride - is to acquire the Red Lion Hotel in Wendover, Bucks, The Hand & Flower in Kensington Olympia, The Wellington at Waterloo, The Pavilion End near Mansion House and Bluu Brasserie close to the Moorgate and Bank stations - in a deal worth £16 million.
Fuller’s is purchasing the pubs from Marston’s, which has been selling off part of its portfolio in a bid to raise funds to build new pubs in retail parks across the UK.
Simon Emeny, Fuller’s managing director, told City AM, “These acquisitions are high turnover managed houses with a similar trading style to our own where we feel Fuller’s can add value. They emphasise our continued focus on London.”
Fuller’s now has a portfolio of 365 pubs thanks to the five new acquisitions. It recently failed in its attempt to purchase the Capital Pub Company’s portfolio, losing out to Greene King, which paid £70 million for the 34 London-based pubs.
This unique business specialises in bespoke horse riding equipment, offering a strong foothold in the equestrian industry across the UK, Europe, and the USA, with longstanding customer relationships and several patents.
This well-established company in Wales provides a comprehensive range of domestic and commercial property services, from drainage maintenance to road sweeping, and boasts a solid reputation with numerous industry accreditations and strong client rela...
The group specialises in fabricating, supplying, and installing structural steelwork and architectural metalwork across diverse UK sites, prioritising precision and quality. The group has achieved the UKCA Execution Class 3 certification, a difficult...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.