![]() ![]() George Walker was ousted from the Board in 1991 and the group's bankers took control, enforcing a process of sale of the company's assets. A collapse in property prices and high interest rates placed the company in financial difficulties. Collapse īrent Walker accumulated debts of £1.2bn by 1991 with debt-financed acquisitions. ![]() In 1997 William Hill was sold to Nomura for £700m. The William Hill chain of betting shops and Mecca Bookmakers, were acquired from Grand Metropolitan in 1989 for £685 million. The company was sold to American Brands (later called Fortune Brands) in 1990. In 1988, Brent Walker purchased the distilled beverage company Whyte & Mackay. Pubmaster was sold in November 1996 to Silverfleet Capital Limited, a private equity group. Pubmaster was formed by Brent Walker as an estate of mainly tenanted pub properties including 386 Grand Metropolitan pubs acquired in 1988 and 800 pubs acquired with the Cameron and Tolly Cobbold breweries. The Hartlepool brewery was sold to Wolverhampton and Dudley Breweries in 1992. The company closed Tolly Cobbold's Cliff Brewery in Ipswich in 1989 and transferred production to Cameron's Hartlepool brewery. The Cameron and Tolly Cobbold Breweries were acquired from Ellerman Investments, a company owned by the Barclay brothers, in 1988 for £240m. Faced with a potential compulsory purchase, Brent Walker sold the remaining property to Hertsmere Council in 1996. Brent Walker obtained planning permission for the construction of a Tesco supermarket on the backlot and the studios fell out of use. Brent Walker sold its interest to Power in 1991 at a substantial loss.Įlstree Studios, Borehamwood were acquired in 1988. The London Trocadero, a property in London's West End originally built as a restaurant, was acquired in 1987 as a joint venture with Robin Power, an Irish developer. The local authority stepped in to take over this dilapidated property in the 1990s. It also acquired the Kursaal amusement park in Southend in 1988. īrent Walker operated Southend Pier between 19. In 1979, Brent Walker acquired the Camera Effects post-production and visual effects company which was sold to Rank Organisation in 1981. That year, in 1987, it bought out troubled television production company Trillion for £12 million, and bought out shares from Charterhall, the European investor company. In 1987, the company acquired Goldcrest Films, through the Masterman joint venture with the Ensign Trust. ![]() Video productions of Gilbert & Sullivan operas were produced in the 1980s. The films The Stud (1978), The Bitch and Quadrophenia (both 1979) were financed by Brent Walker in the 1970s, through Brent Walker Film Distributors Limited. Brent Walker sold its interest in Brent Cross to Hammerson in 1976. Using land from the Hendon Greyhound Stadium, Brent Walker entered into a joint venture with Hammerson Estates to develop the Brent Cross Shopping Centre, taking a 25% stake. In 1974, Walker arranged a reverse takeover of Hackney and Hendon Greyhound Company, a stock market listed company, sold his own business interests to it and changed its name to Brent Walker. Following his retirement from the ring he undertook a number of business ventures including Dolly's nightclub in London. Like his brother, Walker became a boxer of the 1950s. George Walker īorn in London, George Walker career began as a porter at Billingsgate Fish Market. In 1991, following the accumulation of debts which had been used to finance acquisitions, George Walker was ousted from the company and its board sold its remaining investments under the supervision of its bankers. It was founded by George Walker, the brother of the boxer Billy Walker. Brent Walker.īrent Walker was a British company involved in property, gambling, distilled beverages and pubs. For the Baptist minister and lawyer, see J. ![]()
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