Doom Bar maker Sharp’s Brewery in Cornwall to be closed by US owner

A picture


The Cornish brewery that makes Doom Bar ale is to be closed by its US owner, throwing the popular beer brand’s future into doubt and putting about 200 jobs at risk.The drinks company Molson Coors said it plans to shut Sharp’s Brewery in Rock, along with its national call centre in Wales, saying it was “no longer financially sustainable”.The Chicago-based company, which bought Sharp’s 15 years ago, said it was planning to close the site by the end of this year but it “remains committed” to Sharp’s beer brands.Sharp was founded in 1994, and most its sales come from Doom Bar, which is among the bestselling cask ales in the UK, and was named after a notoriously dangerous sandbank in Cornwall’s Camel estuary.Sharp’s also makes Atlantic and Twin Coast pale ales.

Tom Stainer, chief executive of the Campaign for Real Ale (Camra) said it was “just another example of a global brewing giant destroying the nation’s cask brewing heritage.Sharp’s has been brewing cask for over 30 years and this will just be dismantled overnight.”Molson Coors said it was exploring potential deals with other producers to keep making the beer, including brewing in other parts of the country.But Stainer added that any plans to produce the Cornish beers outside the region “would be a disgrace”.“We are losing far too many cask brands and the breweries who craft them at the hands of global brewers more interested in profit than our brewing heritage, and making sure drinkers can enjoy authentic products,” he said.

When Molson Coors bought the Cornwall site for £20m in 2011, it said it was “100% committed to real ale and cask beer at Rock” and even suggested the brewery could be expanded.But on Thursday, the US firm, which also makes Carling, Coors Light and Staropramen, said it had explored “every alternative option to make the site financially sustainable”.The plan was part of a broader restructuring to “unlock efficiencies and cost-savings to fuel the company’s long-term growth”, it added.Ben Maguire, the Liberal Democrat MP for North Cornwall, said the closure was “a hammer blow for the local economy, and for the hospitality sector here in Cornwall that is already on its last legs”.He said: “It is deeply disappointing to see an American multinational move production out of Cornwall, and ministers should look at giving Cornish beers, ales, and other drinks the same protections as the Cornish pasty, so that what is branded Cornish is genuinely made here.

”Simon Kerry, managing director of Molson Coors in the UK and Ireland, said the closure “has not been an easy decision for us to make … However, the site is no longer financially sustainable as part of our national production network.”About 50 people face redundancy at the Rock brewery, as well as the 150 who work at its call centre in Wales.Molson Coors said it was closing that site because nearly 90% of its customer orders were now made online.Molson Coors had “evolved our business as part of our digitisation journey,” Kerry said, adding: “The proposed closure of our National Contact Centre is no reflection on the brilliant work of our teams, but is in response to these changes.”
businessSee all
A picture

UK parents fear young will be worse off for first time in a century, ex-minister warns

The number of young people in the UK not working or in education has risen closer to a million, figures show, as a government adviser warned that for the first time in a century parents do not think their children will have a better life than them.The Office for National Statistics (ONS) said the number of people aged 16 to 24 who were not in education, employment or training (Neet) rose to 957,000 in the final three months of last year, equating to 12.8% of this age group.The figure was up from 946,000 in July to September, but down by 14,000 from a year earlier. The number of young women classed as Neet rose by 13,000 while the number of young men fell by 2,000

A picture

World Economic Forum CEO quits after Epstein links examined; Ineos Quattro earnings fall – as it happened

The president and CEO of the World Economic Forum, Børge Brende, is stepping down, after the forum launched an independent investigation into his relationship with Jeffrey Epstein.Brende, a former Norwegian Minister of Foreign Affairs, has announced he is stepping down from WEF to avoid “distractions”.In a statement just released, Brende says:double quotation markAfter careful consideration, I have decided to step down as President and CEO of the World Economic Forum. My time here, spanning 8½ years, has been profoundly rewarding.We have seen a record number of partners join us, and we have had a very successful Annual Meeting in Davos behind us, where we engaged with governmental leaders from all over the world like never before

A picture

Tell us: how are your finances looking ahead of the spring forecast?

Next Tuesday the chancellor, Rachel Reeves, will update the country on the state of the economy when the spring forecast is delivered to parliament.The government is not expected to make major announcements on taxes and spending but will include the latest forecasts for growth, details of the UK’s financial position and hint at the changes we might expect in future.We would like to hear from you. How are you feeling about your finances right now and has anything improved or worsened over the past year?You can tell us about your financial situation using this form.Please include as much detail as possible

A picture

Rolls-Royce boss pushes for UK taxpayer support for new jet engine

The chief executive of Rolls-Royce has pressed ministers for taxpayer support for a new jet engine, on a day the company also announced record profits and promised to give up to £9bn back to shareholders.The £3bn engine project, designed to power smaller commercial planes, would allow Rolls-Royce to re-enter the lucrative short-haul flights market.Tufan Erginbilgiç said on Thursday: “Not supporting it would be a sort of strange thing to do,” given Labour had named advanced manufacturing as a priority in its industrial strategy, released last summer.Rolls-Royce has already spent more than £1bn on the project, while it has reportedly asked the UK government to initially provide between £100m and £200m to develop and test the UltraFan 30 engine.Erginbilgiç said: “There are all sorts of numbers out there

A picture

WPP to sell assets and cut jobs in radical shake-up to counter AI threat

The beleaguered UK advertising group WPP has announced a radical restructure to counter the threat posed by the growth of artificial intelligence, including plans to sell assets and job cuts.Aiming to be “a simpler, lower-cost, AI-enabled business”, the London-based company laid out plans to achieve £500m of annual savings by 2028, at a cost of £400m over two years.Cindy Rose, the chief executive who took over last summer, said the company was “unveiling a bold plan for a simpler, more integrated WPP that’s fit for the future and built to win”. It has struggled to stem a growing exodus of clients and is racing to match the AI and data capabilities of rivals, amid fears that AI will allow customers to bring more marketing functions in-house.Rose said WPP had identified several assets that it wanted to shed, without naming them

A picture

Ocado to cut 1,000 jobs in £150m cost-saving drive

Ocado is to cut 1,000 jobs as the retail technology business attempts to slash £150m in costs through a substantial restructuring programme.The company confirmed that about 5% of its global workforce will be affected. About two-thirds of the jobs are expected to go from the UK, where the company is based in Hatfield, Hertfordshire. About half the jobs going are in technology, with the rest made up of support staff.The business, which provides technology for robotic warehouses for supermarket chains, said it plans to scale back research and development, helping it cut about £150m in technology and support costs in 2026