Surprising news came down late Friday that Fuller, Smith & Turner Brewing, better known as just Fuller’s had agreed to sell it’s brewery and brands (but not pubs) to Asahi UK.
Roger Protz takes a look at some of the business issues that may have led to the sale:
The second burning question is: Why did Fuller’s want to sell? It’s a highly successful business with profits of around £43 million a year.
But 90 per cent of the profits come from retailing. Profits from brewing have been falling for several years and this has led Fuller’s to join the well-worn path of brewers selling their production plants and becoming pub retailers. As some critics of Fuller’s have suggested, the writing has been on the wall for some time as the company busily built its retail side. As a result, it now owns more hotels than pubs.
While Boak & Bailey take a look at the more personal feelings the come around when a well respected and trusted brewery “sells out” and disappoints long loving fans:
And we worry about whether this means Fuller’s, as a brewery, will stagnate. What will motivate disenfranchised staff to try new things, or throw themselves into reviving old recipes? It’s been hard to find London Porter in any format for a couple of years – will this finally kill it off for good, along with poor old Chiswick? Look at Meantime: the quality or the core beer may be good, but the breadth of the offer is now distressingly bland.
We don’t know how this will turn out. We’re not going to boycott Fuller’s. We’re not ‘butthurt’. But something in the relationship has changed, and we will probably end up drinking less Fuller’s beer without thinking much about it.
Even Fuller’s own head brewer seemed a bit distressed:
All in all it’s a key turning point for London’s most storied brewery. I, personally a huge fan of Fuller’s, am hoping it’s be beginning of a fantastic new chapter.
Anheuser-Busch & Bud Light: As promised, we’re brewing up enough beer for the city that wins the Super Bowl, and we’ll be there to celebrate.
Classics can stay classics while still getting a refresh. Such is the case for Allagash White, one of the staple Belgian beers in the United States. Allagash announced last week that they’ll be canning Allagash White, as well as a new beer in their core lineup: River Trip. I got in touch with Brett Willis, marketing specialist at Allagash, to learn more about the announcement.
The price of beer in Qatar, which has long been deliberately prohibitive in the largely Muslim country got significantly more expensive in the new year with a 100% import tax on beer.
Tavern Propco, a private fund owned by Davidson Kempner Capital Management, has bought 370 pubs and commercial assets from Ei’s portfolio in a £348 million deal that leaves the pub giant with just 42 properties and money to service some of its £2 billion debt.
In news that won’t surprise any hop enthusiasts, 2018 was a big year for the modern IPA
In an industry where the lupulin love continues to move all things juicy, fruity, and tropical, the continued ascension of Citra—now one of the country’s most beloved and harvested hop varieties—reflects broader changes in how hops find their way from the field to the glass. In its latest year-end report, the USDA shared a variety of figures that shed light on recent shifts in hop trends and production (and obliquely revealed how breweries are looking to keep beer drinkers excited).