How much did Brains brewery sell for?
One of Wales’ leading brewers SA Brain is set to sell another 100 of its pubs in a huge £100m deal, according to reports.
Is Brains brewery still operating?
Deal with Marston’s Marston’s already has 106 pubs in Wales but plans to continue to operate the existing 156 Brains pubs under the Brains brand. Marston’s will operate the 141 freehold pubs on a leasehold basis from February 2021, with rent chargeable from April 2021.
What is happening to Brains brewery?
In December 2020, Brains handed over the running of its 156 pubs via a 25 year lease-back deal to Marston’s Ninety-nine Brains pubs were later put up for sale.
Who owns Brains brewery now?
Brains was founded in 1882 when Samuel Arthur Brain bought the Old Brewery on St Mary Street Cardiff along with his uncle Joseph Benjamin Brain. The company remains entirely in family ownership to this day and 10 family members have served as chairman over the years.
Is Brains brewery up for sale?
Brains has put 99 of its pubs across Wales up for sale, with offers over £87.3 million sought for the portfolio. The Cardiff-based brewery signed a deal with chain Marston’s last year for it to manage its estate on a 25-year lease.
Are Brains pubs being sold?
WELSH brewer SA Brain is reported to be close to selling the freeholds to scores of its pubs to a private equity firm. At the end of 2020 it was announced Marston’s would operate 156 of the famous brewery’s pubs across Wales on a combination of leased and management contract arrangements.
Who bought Brains pubs?
Song Capital and partners
Welsh brewer SA Brain has sold 95 of its pubs to investment firm Song Capital and partners. The terms of the deal, which saw contracts exchanged on 20 May, were not disclosed. Song Capital was founded by real estate executives Daniel Mackinnon and Tom Pritchard.
Who did Brains sell to?
SA Brain is close to striking a £100m deal to sell 100 of its pubs to a consortium comprising Song Capital and Cerberus Capital Management, Sky News learns.
Why are brains selling pubs?
In December 2020 Brains, which was founded in 1882, exchanged contracts with Marston’s to run more than 140 of its pubs in Wales after coronavirus restrictions placed Brains under significant financial pressure.
When did brains breweries become a limited company?
The company became a limited company, S A Brain & Co Ltd, in April 1897 and purchased the business for £350,000. Interior of the Golden Cross, Cardiff (8).jpg Brains expanded the Old Brewery was expanded in 1914 by having a new brewery built in St Mary Street .
Where is Brains Brewery Dragon?
Brains is currently in the process of moving their brewery and headquarters from their iconic base near Cardiff city centre to the new Dragon Brewery site on the Pacific Business Park in Tremorfa. The Duke of Cambridge was taken on a tour of the new facility by head brewer Bill Dobson.
When did Brains Brewery take over the former Hancock’s brewery?
The company took over Crown Buckley Brewery in Llanelli in 1997 and Hancock’s Brewery in 1999. In 2000 Brains moved to the former Hancock’s Brewery just south of Cardiff Central railway station.
Who is the owner of Dragon Brewery?
Brains chairman and great great-grandson of company founder Samuel Arthur Brain, John Rhys, said: “We were honoured to welcome the Duke to officially open the Dragon Brewery. “This marks an important step in our exciting plans to set-up our proud, family-owned Welsh Company to prosper in the long term.