Nomura splits pub chain in two

Article Abstract:

The Inntrepreneur pub chain is to be divided into two by its owner Nomura the investment bank. As a result of the division the largest tenanted pub estate in the UK will be created. Inntrepreneur will retain 1,400 pubs while 2,600 are separated into a new company. The new chain will be launched in September 1998, and all will have access to the SupplyLine formula allowing 21 beer suppliers and 140 other products at discount prices via a one-stop shop. The new company will be headed by Giles Thorley, who helped negotiate the original Inntrepreneur acquisition. It is estimated that the separated company will be worth GB 900mn.

Comment:

Japan-based investment bank will divide UK-based pub chain Inntrepreneur Estates into two, UK

United Kingdom, Japan, Foreign operations, Organizational history, Parent-to-subsidiary activities, Nomura and Company Ltd., Inntrepreneur Estates Ltd., Article

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Called to the bar

Article Abstract:

There are a growing number of opportunities for UK graduates in the licensed retail trade. Many of the leading breweries now run graduate schemes in areas such as finance and marketing, and the financial incentives can be very attractive. Some graduates choose to go straight into pub retailing, beginning as an assistant manager and later managing their own outlet. Graduates are regarded as having the skills which the licensed retail trade needs to allow it to adjust to a changing business environment.

Drinking places, Employment, Hospitality industry

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The prince of darkness

Article Abstract:

Johnny Gold, owner of Tramp nightclub in London, England, believes that he is satisfied with his life, as he is healthy, owns his own house and has a happy family. However, he found it upsetting when his Jewish mother refused to attend his wedding to his Catholic wife. He is extremely proud of Tramp, and enjoys the fact that the nightclub attracts many celebrities. He does not find it boring to remain at Tramp until the early hours of every morning.

Population information, England, Officials and employees, Bars, saloons, etc., Interview, Nightclubs, Businessmen, Gold, Johnny

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