Omar Bahadur says he is “confident for what lies ahead” as his business, Faraday, continues its journey A 25-YEAR-OLD entrepreneur from Heaton has spoken of his business success so far, while also looking ahead to what he says will be an exciting future . Omar Bahadur is the founder and CEO of Faraday Drinks, a company which puts a spin on the traditional energy drink, boasting eco-friendly packaging and less sugar. Omar, who graduated in mechanical engineering from the University of Bradford in 2018, says that Faraday has now sold out its first version - after successfully selling 2,000 bottles since July 2020 - but is already pushing the bar even higher , with a new flavour set to hit the market in September.
Marston s finance boss Andrew Andrea will take over the pub operator s chief executive role from Ralph Findlay, who was also once the firm s head of finance.
Andrea will assume the leadership post when the current fiscal year ends in early October, 19 years after joining Marston s as a divisional finance director and following 12 years as a board member.
The company said he has shown exceptional leadership qualities in his time working for Marston s, where he helped develop its franchise model and organised its operational agreement with Welsh pub chain Brains.
New leader: Andrew Andrea will become the new chief executive of Marston s in October
By Daniel Woolfson2021-05-07T08:46:00+01:00
The boss of Carlsberg and Marston’s JV is feeling positive as San Miguel soars, its core pilsner brand recovers and plastic gets the chop. What’s next?
Paul Davies is irrepressibly upbeat, in spite of the state of the world. As CEO of the newly formed Carlsberg Marston’s Brewing Company, he arguably has good reason. The past year has seen the once-ailing brewer transformed into a top player with a massive portfolio, reducing its reliance on one of the UK’s highest-grossing lagers.
The £780m merger of Carlsberg’s brewing arm with that of fellow supplier Marston’s – a JV that Marston’s owns a 40% stake in – was widely heralded as a win for both businesses by investors. The combined CMBC has a portfolio that spans everything from posh lager to real ale, and the potential for greater leverage when negotiating with retailers. It’s a solid, consolidatory play in a time of uncertainty.
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If anyone needs a big drink and a knees-up right now, it’s the brewing industry. Sure, off-trade beer & cider sales have spiked by £1.2bn (36.5%) and the supers have shifted an extra 514.7 million (32.1%) litres [Kantar 52 w/e 21 February 2021]. But that’s a mere sip when compared with the damage Covid has inflicted on pub beer sales, which plunged 56% and cost publicans £7.8bn [BBPA].
For brewers, it’s been the perfect storm. The collapse of the pub trade was followed by a spike in packaging material prices, as brewers scrabbled to pour beer originally destined for hospitality into new retail packs. Even BrewDog, the craft beer pioneer that had grown into a global empire with an estimated value of £1.5bn after being set up by two friends in 2007, was suddenly facing ruin.
Pub company Marston’s will reopen about 70% of its managed and franchised estate with outdoor areas in England next week (on or around Monday 12 April).
This will be followed by the reopening of the majority of its Scottish and Welsh pubs on Monday 26 April, subject to final regulatory confirmation.
If the Government’s roadmap goes as planned, Marston’s will then reopen the rest of its managed estate in England on or around Monday 17 May with restricted inside trading.
It is assuming a return to normal trading conditions from Monday 21 June, when the Government has said it plans to remove most restrictions.