Six Continents

Six Continents PLC
Public
Industry Retail
Fate Renamed following demerger of Mitchells & Butlers
Successor InterContinental Hotels Group
Founded 2000
Defunct 2003
Headquarters London, England, UK
Key people
 David Bland (Managing Director)
Products Hotel services
Public Houses

Six Continents was a large British-based hotel and hospitality business which was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.

History

The Company was formed in June 2000 when the brewing business of Bass plc was sold to the Belgian brewer Interbrew (now AB InBev) and the remaining hotel and pub holdings were renamed Six Continents plc.[1]

In April 2001, Six Continents bought the UK based Posthouse Hotels business from Compass Group for £810 million, and during the following year re-branded the 79 hotels to Holiday Inn.[2]

In 2003 it demerged into a pubs business, Mitchells & Butlers, and the remaining hotels and soft drinks business of Britvic, were renamed as InterContinental Hotels Group.[3]

Brands and companies

Six Continents owned, managed or franchised the hotel brands InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express, and Staybridge Suites. Its pubs and restaurants included All Bar One, Browns, Edward's, Ember Inns, Harvester, Hollywood Bowl, It's A Scream, O'Neill's, Toby Carvery and Vintage Inns.

References

  1. ↑ Bass to become Six Continents The Guardian, 27 June 2001
  2. ↑ "Posthouse Deal Wins Six Continents Top Industry Award". Hotel News Resource. 22 March 2002. Retrieved 9 December 2012.
  3. ↑ Six Continents split creates two new ADR's


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.