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UK: Cains owners to buy back brewer?

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Administrators for Cains Brewery expect the firm's owners, the Dusanj brothers, to submit a bid to buy back the business, just-drinks understands.

A source close to the situation said it was anticipated that the brothers would attempt to regain control of the bankrupt Liverpool brewer. "In any administration period, it is usual for the management to submit an offer," the source told just-drinks today (26 August).

Administrator PriceWaterhouseCoopers (PWC) last week closed 24 Cains-owned pubs throughout the north-west of England, which it said had been loss-making. Cains collapsed into bankruptcy earlier this month, after failing to secure finance from its bankers, the Royal Bank of Scotland. 

Intrigue about the Dusanj brothers' future intentions deepened last week, upon reports that they still owned the brewery and up to 10 pubs, as a separate entity to Cains. 

A PWC spokesperson today (26 August) confirmed that the Dusanj family owned the brewery, situated in Liverpool's Toxteth area, and received around GBP500,000 (US$920,000) per year in rent from Cains. She declined to comment on potential interest from the brothers in re-taking the business, adding: "We are still working through expressions of interest."

Just-drinks understands that expressions of interest in the brewer have reached well into double figures. Midlands-based brewer Marston's has been tippped as a potential buyer, but the group has declined to comment.


Sectors: Beer & cider

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