Bass to expand All Bar One and O'Neills into Europe
Monday 02 March 1998
The group hopes to cash in on the growing popularity of theme pubs in continental Europe. Bass also believes that the market for Irish houses has peaked in the UK. In recent years the industry has been swamped with a host of new pubs, all based on the same theme with little to tell between them. Now Bass has chosen to grow the O'Neill's name overseas where there is still room to exploit the brand and the competition is less fierce, rather than at home.
Bass has also identified a number of states in the US where it could open up bars. After its acquisition of the Holiday Inn hotel chain the group is prohibited from opening pubs in many American cities. However it is confident it will be allowed to set up a number of new sites across the Atlantic.
Bass's move follows a move by other large pub groups such as Scottish & Newcastle, who are also looking to Europe to provide a lucrative source of new business.
Bass also hopes to expand its brewing interests overseas. It is at present locked in a battle with rival producers in Czechoslovakia, but eventually hopes to expand its operations in Eastern Europe.
Bass still plans to invest heavily in growing its managed pub estate in the UK, having recently sold off its tenanted houses. It is looking to acquire hundred of new sites to further expansion of chains such as Edwards and It's a Scream, its new student pub chain.
Bass has embarked on a radical shake up of its business over the last six months, culminating in the pounds 1.8bn acquisition of Inter-Continental hotels. It now plans annual capital expenditure of pounds 750m across the group to fund its pub expansion and the acquisition of hotels in Asia and the US.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...