Comments on: Cain’s situation looking grim

By: David H

David H — Wed, 30 Jul 2008 10:19:26 +0000

This is a longshot but couldn’t the council offer assistance after all it is a leading Liverpool brand. I remember when Wirral Council saved Tranmere Rovers and I think more people would rather see Cains saved – at least the brewery – rather than some of the pie in the sky things the city gets involved in.

By: Chris Routledge

Chris Routledge — Wed, 30 Jul 2008 09:06:20 +0000

I’m inclined by temperament to be a little more charitable until we know more. Cain’s is a public company now, so they are obliged to operate under much more aggressive financial scrutiny. I think you’ll be hard-pressed to find a company where the marketing department and the accountants agree entirely and when a company goes public those differences become public too. I wonder if the company culture didn’t adjust quite as quickly as it might have to the new way of working, hence the resounding cries of wtf?

By: Aggers

Aggers — Tue, 29 Jul 2008 23:18:24 +0000

Glad my view is gospel.

Had a pint of cains in guest hoiuse tonight…talk there is drink it while it lasts and a general pissed off with everything

There’s a flaw in your argument in that cains is not what id call a “great pint” merly a half decent one.That having being said it is a a major blow for the pool. I had had hopes of cains sponsoring liverpool fc – they wouldn’t even touch eveton now

By: southportdrinker

southportdrinker — Tue, 29 Jul 2008 22:08:10 +0000

Must admit that I find myself thinking that Aggers may be right (see previous post) in that we may have all been lied to. There’s a “how could it happen” general disbelief about this in the same way that the poor Mirror Group pensioners found out they were funked.

By: Cain’s Beer Company Posting Big Losses : Chris Routledge

Cain’s Beer Company Posting Big Losses : Chris Routledge — Tue, 29 Jul 2008 21:08:48 +0000

[...] Southport Drinker and Tandleman take up the story and the Dusanjs come out [...]

By: Chris Routledge

Chris Routledge — Tue, 29 Jul 2008 20:32:18 +0000

I’ve been looking at the interim results statement and it reads to me like a company responding to a changing market by adapting its focus–pub sales down since Christmas, but brewery sales significantly up over the last few months. Let’s hope that effort isn’t too late. I share your distrust of the banks–after what’s happened recently, who woudn’t? You’d think the bank would be better off taking £1.2 million a year in interest payments each year than letting Cain’s get absorbed by Carlsberg (or whoever), but while I know a fair bit about managing an overdraft, I’m not a banker.

If this one works out ok we just have to drink more Cain’s beer and make sure it doesn’t happen again. [sigh]

By: southportdrinker

southportdrinker — Tue, 29 Jul 2008 19:23:17 +0000

Thanks for that, I’ve changed it. They’re all the same though. They never want to lend you money when you need it.

By: Tandleman

Tandleman — Tue, 29 Jul 2008 17:48:20 +0000

Different bank SD, though that may not help. It is the Bank of Scotland, not RBS who have the decision here.