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The company was founded by Ted Tuppen, initially with 300 pubs from Bass, as Enterprise Inns in 1991. [2] The company listed on the London Stock Exchange in 1995. [2] The group made a series of acquisitions including 1,864 former Laurel Pub Company pubs from Whitbread in 2002 [3] and 4,054 pubs with the acquisition of the Unique Pub Company in ...
In 1991 he founded Enterprise Inns when he bought 368 pubs from the Bass Brewery and expanded the business though further acquisition into the largest chain of pubs in the UK. [2] In 2003 The Daily Telegraph named him "Entrepreneur of the Year". [3] He was awarded the CBE in the New Year Honours List 2007. [4]
William Simon Townsend (born February 1962) is a British businessman, CEO of Enterprise Inns, a British pub company, and a constituent of the FTSE 250 Index. William Simon Townsend was born in February 1962. [1] Townsend has been a director of Enterprise Inns since 1 October 2000, and CEO since 6 February 2014. He has also worked for Whitbread ...
Disposals and the acquisition of Inn Partnership (1,241 tenanted pubs) from Greenall Whitley in 1998 [19] and 988 smaller Bass pubs in 2001. [20] The remains of the Grand Metropolitan pub estate became part of Enterprise Inns when an Enterprise-led consortium bought 3,219 tenanted Unique pubs and 940 leased and managed Voyager pubs from Nomura ...
The company changed its name to Swallow Group plc, concentrating on the hotels business and incorporating the former Vaux-managed pub estate under the Swallow Inns & Restaurants brand. [citation needed] The Swallow Group was bought by Whitbread in January 2000. Whitbread sold the pubs to Enterprise Inns in May 2000. [citation needed]
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Image source: Getty Images. Despite the companies being in better financial shape today than under the old MLP model, the stocks trade at a discount to the 13.7 multiple that midstream MLPs traded ...
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