Buyer targets Wessex Taverns

From The Publican

Start a new thread14-Apr-2005

Related topics: Company & City News

The administrators of Wessex Taverns are in talks with a potential buyer of the business.

 

Accountants Grant Thornton, called in as administrators after North East pubco Wessex ran into problems last month, said it is in talks with an un-named buyer hoping to acquire the entire 32-pub group.

 

Joe McLean of Grant Thornton said: "Discussions with the potential purchaser are at a reasonably advanced stage. If the shares are sold the interests of employees and creditors, both secured and unsecured, will have been safeguarded.

 

"There has been considerable interest from a number of parties, reflecting the potential of the business."

 

"The business is continuing to trade as normal at all locations. The group's suppliers and all 450 employees have shown tremendous loyalty and commitment to the group by their continued support."

Find us on Facebook

Spotlight

The cost of Premier League copyright violation

The cost of Premier League copyright violation

There is a saying that lightning never strikes twice in the same place, but if you are...

David Beckham to launch a whisky

David Beckham to launch a whisky

David Beckham is to launch a whisky in partnership with Diageo.

Explosion in e-cigarette use presents dilemma for pub operators
Feature

Explosion in e-cigarette use presents dilemma for pub operators

It’s the biggest thing to happen to smoking since the ban. Electronic cigarettes (or e-cigarettes) are on...

Speak up if you're suffering

Speak up if you're suffering

Depressed and overworked licensees should seek help, argues Pete Brown.

Follow us on