Cain's: new owner to be announced soonPosted: September 13, 2008
The Publican reported yesterday that administrators at the Cain’s Beer Company are close to announcing their plans for the company’s future. And it looks like the Dusanj brothers are the front runners. There’s many a slip of course, but if brewing stays in Liverpool I propose a new Cain’s winter brew, to be called ‘Phoenix Ale’, ‘Gnat’s Whisker’, or ‘Great Escape’. It’s hard to believe this saga only kicked off in a public way in July:
The identity of the new owner of collapsed Liverpool brewer Cains Beer Company could be unveiled as early as next week.
The former AIM-listed brewer is currently in the hands of administrators at accountancy giant PricewaterhouseCoopers (PwC).
The firm has spent the last few weeks sifting through a number of propositions for the business which went under two months ago with debts in excess of £30m.
Front runners in the race to snap up the group are Sudarghara and Ajmail Dusanj, the pair who bought the Liverpool-based Cains in 2002. It is believed the pair have both the cash and the determination to buy back the business.