Queensborough selects Guthrie to build chain
Tuesday 11 February 1997
Mr Guthrie yesterday refused to comment on speculation about this or that he was behind one of the bids for Granada's Welcome Break chain of motorway service stations, which the television to hotels group is being forced to sell following last year's pounds 3.9bn takeover of Forte. He said he could only confirm that he intended to help Queensborough in building up a restaurant business. However, he emphasised: "One thing's for certain: I am not going into one-offs, I am going to build up a chain."
The stock market reacted well to the appointment, marking Queensborough's shares up 5p to 36p. Up to now the group, which is one of the stock market vehicles of biotech entrepreneur Kevin Leech, has been concentrating on building a caravan site and theme park empire, including Cheddar Gorge. But Stuart Sim, Queensborough's deputy chairman, said yesterday they were not ruling out an approach to Whitbread.
"The plan is the creation of new division within Queensborough, alongside its existing businesses, in that exciting area of leisure dining services, as it is called." They had "several options and we are considering these very carefully at this time", both acquisitions and green field sites, he said.
Queensborough wants Mr Guthrie to spearhead plans to make it a force in high street, rather than city centre, dining. That did not necessarily assume building an enormous chain, Mr Sim suggested. "If you look at people like Burger King, a very dominant player, they have 500 restaurants. Everybody assumes they have thousands of restaurants. If you come to the pricier end of the market, Pizza Express has a relatively small number of restaurants."
Mr Guthrie does not appear to be debarred from other business enterprises by yesterday's appointment. However, Mr Sim said: "He will not be doing anything in that sector which is competitive with Queensborough."
- 1 Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
- 2 Eurovision 2015 winner: Sweden beats Russia and Italy to take the title from Conchita Wurst
- 3 Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
- 4 Mother 'will allow son's circumcision in return for release from prison'
- 5 Female Muay Thai champion hustles coaches to give them a beating
Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
Greek hospitals cannot afford painkillers, scissors or sheets as budget cuts bite
Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
Female Muay Thai champion hustles coaches to give them a beating
Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...