The Granada takeover of Forte: a managerial perspective

Abstract

Reviews the acquisition of Forte plc, the longest established UK hotel company, by Granada plc. The Granada Group, a television and leisure conglomerate, launched a £3.3 billion hostile takeover bid for Forte on 22 November 1995, in one of the UK’s most expensive takeovers this decade. This marked the end of family control of a hotel group created by Lord Forte in the 1930s. Identifies the factors underpinning Granada’s success and in particular managerial style and approach.

Citation

Teare, R., Eccles, G., Costa, J., Ingram, H. and Knowles, T. (1997), "The Granada takeover of Forte: a managerial perspective", Management Decision, Vol. 35 No. 1, pp. 5-9. https://doi.org/10.1108/00251749710160124