• Busting Uber myths

    The ehailing firm is constantly trying, succeeding - and sometimes failing, says Ian Mann.

  • Trapped in a democracy

    The very people elected to bring benefits to all are undermining SA, says Solly Moeng.

  • Marikana spectre

    Five years after the bloody massacre calls for justice are growing louder, says Terry Bell.

Loading...

UK pub group ends Heineken deal after row

Dec 10 2014 08:09
London - British pub group Wetherspoon said it would no longer sell Heineken drinks at any of its 926 pubs after a disagreement with the Dutch brewer over pricing in Ireland.

Wetherspoon, whose cheap drink and food offers have proved popular in the UK, has been selling pints of Heineken lager and Murphy stout at prices around 40% below the competition at its first Irish pub in Blackrock, Dublin.

The pub chain, which last year outlined plans for around 30 pubs in the Republic of Ireland, said on Tuesday Heineken had refused to supply Heineken lager, Ireland's biggest selling draught beer, and Murphy's to its second pub in Dun Laoghaire, due to open this month.

The spat is another blow for Wetherspoon's Irish ambitions. The firm does not serve Guinness there either after a disagreement on price with drinks group Diageo.

Wetherspoon said Heineken had also wanted personal guarantees from CEO John Hutson in order to supply the Dun Laoghaire pub any of its others drinks, such as Strongbow cider and Foster's lager. It did not say what the guarantees were.

Wetherspoon founder and chairperson Tim Martin said the brewer's decision was "unacceptable and hard to understand".

"We have been trading with Heineken for 35 years and they have never requested personal guarantees before. It's obstructive to do so now, especially when we made record profits of around £80m last year," he added.

Heineken, whose business with Wetherspoon is worth around £60m a year, said it was seeking a resolution as soon as possible.

"It is unfortunate that commercial issues in Ireland between Heineken Ireland and JD Wetherspoon have led to the current situation," a spokesperson for Heineken UK said in a statement.


 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

heineken  |  industrial  |  beer

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're Talking About...

Savings Month

It's never too late to start saving. Visit our special issue and add your voice.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The proposal to nationalise SARB will

Previous results · Suggest a vote

Loading...