• Noakes soap opera

    How many millions more will be sunk into a seemingly pointless vendetta, asks Mandi Smallhorne.

  • Downgrade scenarios

    An analyst takes a look at how credit downgrades have affected countries around the world.

  • Supply chain benefits

    It may be unsexy but developing your supply chain brings big gains, says Ian Mann.

All data is delayed
Loading...
See More

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

Money Clinic

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

Voting Booth

Almost all working South Africans fear losing their jobs

Previous results · Suggest a vote

Loading...