Monday, June 18, 2007

Diageo mulls options for Guinness brewery

That whirring sound you hear is Arthur Guinness spinning in his grave.

Diageo Plc said today it was reviewing brewing operations in Ireland after media reported the drinks giant may quit the Dublin city centre site where Guinness has been brewed for almost 250 years.

The site, where Arthur Guinness took out a 9,000 year lease on a disused brewery in 1759, has grown into what the brewer now describes as "a prime 64 acre (25 hectare) slice of Dublin".

The Sunday Independent reported the land could fetch as much as €3 billion if Diageo implements plans to move production to a greenfield site on the outskirts of the capital.

Read the entire article at The Irish Times.

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