Grand Metropolitan Plc

Sectors:

  • Beverage production Brewing
  • Hotel, lodgings & catering services Catering services inc restaurants, public houses, alehouses, etc
  • Food & tobacco processing Dairy products production
  • Recreation activities Gambling, bookmaking, etc
  • Hotel, lodgings & catering services Hotel, lodgings, etc, services
  • Distribution - wholesaling, broking, market trading, etc Wine, spirit, beer, etc, distribution

Notes:

Traced origins to late 1940s when (Sir) Maxwell Joseph, 1910-82, started to acquire medium sized centrally located London hotels, in particular Grand Hotels (Mayfair) Ltd in 1957, as part of a wider property business. Consolidated hotel interests in Grand Metropolitan Hotels Ltd (which traced origins to 1934 as MRMA Ltd), a public company, in 1962. By 1965 one of largest such businesses in world. Later in 1960s diversified into pubs and restaurants and started hotel acquisition overseas. In late 1960s/early 1970s diversified into dairying industry through acquisition of Express Dairies, into brewing with acquisition of Truman Hanbury Buxton Ltd in 1971 followed in 1972 by Watney Mann Ltd with its important wines and spirits business, International Distillers & Vintners Ltd, and into gambling via 1970 purchase of Mecca. 1981 acquired Intercontinental Hotels from USA owners. In 1980s also diversified into fast food, especially Burger King. From late 1980s and in 1990s disposed of its hotel and pub / brewing interests to focus on alcohol beverages. 1997 merged with Guinness Plc to form Diageo Plc which continues in 2017 as a world-leading internationally spread alcoholic beverages production and distribution business

Groups: