Get the app →
BriefTea logoBriefTea

Every story in sixty words

Get the free app no ads · no paywall

Business · 3 hours ago

Heineken nearing £300 million deal to buy 300 Stonegate pubs

Heineken nearing £300 million deal to buy 300 Stonegate pubs

Dutch brewer Heineken is close to buying 300 pubs from Stonegate, Britain's largest pub chain, in a £300 million deal. The acquisition could offer a crucial lifeline to Stonegate, which is grappling with a significant £3 billion debt mountain. Stonegate's debt was mainly accumulated when it bought rival Enterprise Inns for £3 billion in 2019.

Reported by The Sun · How we write briefs

More briefs

BusinessVolvo Cars appoints Skoda head Klaus Zellmer as its next Chief Executive BusinessWarren Buffett steps down, handing his $1 trillion empire to son BusinessStarlink drives SpaceX growth, eyes $2.1T valuation with space data centers. BusinessChatGPT's ad product generated $1 billion within seven months BusinessOpenAI projects $278 billion in spending by 2030 BusinessPorsche plans 4,000 more job cuts, Handelsblatt reports More business stories → Browse all stories →