Wednesday, August 17, 2011

London Pub Wars Continued

Transpontine reported recently on the bid by Fuller's to take over the Capital Pub Company, owner of top local pubs including the New Cross House, Victoria in Peckham, the Florence in Herne Hill and both the Actress and the Bishop in East Dulwich.

But in a surprize move last month Fuller's rival Greene King agreed a deal with the board of Capital Pubs to buy the company and its 34 pubs - at a value of almost £3m per pub. The Telegraph (23 July 2011) reported: 'Greene King looks to have landed a blow on rival pub company Fuller's after agreeing the £93m takeover of London operator Capital Pub Company'. What this means for the pubs, their staff and their customers remains to be seen.

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