And here's what they have to offer
Article Abstract:
The chief executives of Granada and Forte have expressed their views on Granada's attempt to acquire Forte. Gerry Robinson from Granada argues that his company has a better management performance than Forte, and Granada will be able to improve Forte's profits. Rocco Forte argues that goodwill would be lost through the acquisition, and that his plan to focus Forte on the hotel industry would improve the company's growth prospects. Forte is also offering a buyback of the company's shares.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Savoy sale closer
Article Abstract:
Granada Group PLC is speeding up plans to sell a 68% stake in Savoy Hotel PLC, owner of hotels in London, England. Most of Savoy's voting shares are owned by the Wontner family. Granada aims to use funds raised from the sale to expand its contract catering concern, Sutcliffe. Granada may also invest in two satellite TV channels with BSkyB, and the company plans to invest in its Travelodge accommodation chain, increasing the number of rooms by 3,000.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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