Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Adnams Seeks Advisers to Raise Funds and Secure Future

by February 13, 2024
February 13, 2024
Adnams Seeks Advisers to Raise Funds and Secure Future

Adnams has confirmed its engagement of advisers to explore avenues for raising funds as the Suffolk-based brewery seeks to safeguard its financial stability.

The longstanding company, with a history spanning 152 years and headquartered in Southwold, Suffolk, has enlisted Alvarez & Marsal to “evaluate various options to support the company’s future growth strategies.”

In a statement released on Monday, the company stated: “With a heritage of over 150 years and cognizant of the challenges confronting the hospitality and brewing sectors in recent times, the company remains committed to proactively seeking ways to ensure its enduring resilience for the years ahead.”

Following this announcement, shares in Adnams experienced a decline of nearly 5%.

Potential options may encompass securing private capital from high net worth individuals or family offices, alongside the potential divestment of certain freehold assets from its portfolio of 45 managed inns and properties.

In its September report, the company disclosed widened operating losses of £2.4m for the first half of the year ending in June, compared to an £811,000 loss during the corresponding period in 2022, with revenues remaining stagnant at £30m.

The founding family remains the brewery’s principal shareholder, as Adnams has diversified into gin, beer, and tourism offerings, including tours of the Southwold lighthouse.

The hospitality industry continues to grapple with post-pandemic recovery challenges. Last year, Yorkshire-based Black Sheep was acquired out of administration by investment firm Breal for approximately £5m.

Subsequently, Breal has acquired several struggling enterprises, including Warwickshire’s Purity Brewing Company, the proprietor of Session IPA, along with south London’s Brick Brewery and Brew by Numbers.

Leeds-based North Brewing Co faced administration last month but was rescued by Steve Holt, director of fellow Leeds brewery Kirkstall Brewery.

Adnams’ board features notable figures such as Steven Sharp, former executive director at Marks & Spencer, and Simon Townsend, former chief executive of the pub operator Ei Group. Other members include Andy Wood, Jenny Hanlon, and Karen Hester.

While formally established in 1890, Adnams traces its origins back to 1872 when George and Ernest Adnams acquired the Sole Bay Brewery in Southwold.

Read more:
Adnams Seeks Advisers to Raise Funds and Secure Future

0
FacebookTwitterGoogle +Pinterest
previous post
Thousands of Deliveroo and Uber Eats Drivers Set to Strike on Valentine’s Day
next post
Brexit dealt a 5% blow to the UK economy, says Goldman Sachs

You may also like

Small businesses lose out on over £43k a...

November 3, 2023

4 types of unconscious bias in the workplace...

September 27, 2022

Exploring the Vision Behind FreeOfficeFinder: A Conversation with...

August 13, 2024

Top Cancer Hospitals for Comprehensive Treatment in 2024

September 16, 2024

Secondhand fashion seller Vinted moves into profit after...

April 29, 2024

Judge gives Musk till end of October to...

October 7, 2022

Zara enters resale market with pre-owned service

October 21, 2022

Developing a Strategic International Expansion Plan

May 2, 2024

Winning Big: Tales of Record-Breaking Casino Jackpots

September 20, 2023

Business owners across the UK comment on Labour’s...

July 5, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved