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Vertical and financial ownership: Competition policy and the evolution of the UK pub market

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  • Julie Bower

Abstract

Traditionally the UK brewing industry was vertically integrated with brewers owning and controlling pubs. This came to an abrupt end in the forced divestment of a large proportion of the major brewers' pub estates in the 1989 ‘Beer Orders’. The divested pubs spawned the independent pub companies. This study of regulatory policy and financial services interest in the UK brewing industry poses the question of whether the original industrial structure was preferable to what has emerged subsequently. The contribution of the article is in highlighting the risks and rewards of regulatory intervention in deeply-embedded organisation and the sustainability of alternative business models that emerge.

Suggested Citation

  • Julie Bower, 2016. "Vertical and financial ownership: Competition policy and the evolution of the UK pub market," Business History, Taylor & Francis Journals, vol. 58(5), pages 647-666, July.
    • Handle: RePEc:taf:bushst:v:58:y:2016:i:5:p:647-666
    DOI: 10.1080/00076791.2015.1041380
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    1. John Spicer & Chris Thurman & John Walters & Simon Ward, 2012. "Intervention in the Modern UK Brewing Industry," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-35558-3, September.
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