Cains ownership decision may come soon
Food and drink
16th September 2008
The fate of the collapsed former AIM-listed Merseyside brewery Cains could be decided in the next few days, it has been reported.
Cains went into administration when running into financial difficulty following a reverse takeover deal to acquire a chain of pubs belonging to Honeycombe Leisure.
Despite enjoying popularity in Liverpool, the company was thrown into dire straits when its bank HBOS refused to finance a rescue plan that would have allowed it to pay an outstanding tax bill.
Among the main contenders to buy the business are the Dusanj brothers, the pair who originally bought it 2002, reports the Publican magazine.
While a number of Cains pubs have been closed, 91 remain trading.
Pubs selling the various beers made by Cains were told recently there had been no drop in production since the group was taken over by the administrator PricewaterhouseCoopers.
Pub insurance is an option for those breweries who want to protect their business.
