- Forte Group
Infobox_Company
company_name = Forte Group
company_
company_type = Public, Listed on the FTSE 100 at the time of the takeover byGranada plc now defunct
company_slogan =
foundation = 1935
location =London ,England , UK
key_people = Charles Forte, founder andRocco Forte CEO prior to takeover by Granada
num_employees =
industry =Hotel s andCatering | revenue =
homepage =Forte Group plc was a British hotel and restaurant company.
Beginnings
Charles Forte set up his first "milk bar" in 1935 as "Strand Milk Bar Ltd" when he was 26. Soon he began expanding into catering and hotel businesses. After the war, his company became Forte Holdings Ltd, and bought the Cafe Royal in 1954. He opened the first full motorway service station for cars at
Newport Pagnell in 1959.Trust Houses Group Ltd and Forte Holdings merged in 1970 to becomeTrust House Forte or THF.Trust House Forte
Trust House Forte was a hotel and
catering group operating in the UK and worldwide. The company later changed its name toForte Group plc. Most of the hotels were re-branded to one of the following:Forte Heritage Hotels were mostly small country house style hotels, e.g., The Old England Hotel in Windermere. Some of these were sold to
Macdonald Hotels Ltd .Forte Posthouse Hotels were mostly three-star hotels for business travellers. They were usually located in city centres or near major trunk roads. Some of these were sold to
Holiday Inn .Forte Crest Hotels were more upmarket than Forte Posthouse. They were mostly located in cities and were mostly four-star. The naming convention was Forte Crest + the name of the city or locality, e.g., Forte Crest Sheffield or Forte Crest Gatwick Airport.
Forte Grand Hotels were a collection of high-end international hotels including the
Balmoral Hotel in Edinburgh.There were other hotels which never received branding, e.g.,
Brown's Hotel , London.Through mergers and expansion, the Forte Group expanded into a multi-billion pound business. It included the
Little Chef andHappy Eater roadside restaurants, Crest,Forte Grand ,Travelodge and Posthouse hotels, as well as the wine merchant Grierson-Blumenthal and a majority (although non-controlling) stake in theSavoy Hotel .Happy Eater and the fiveWelcome Break service areas were bought fromHanson Trust PLC onAugust 1 1986 . The Grierson-Blumenthal stake was a "forced" acquisition by the group; it had originally been a personal holding of Charles Forte and fellow-directors of the group, supplying liquor to Forte restaurants and hotels at substantial personal profit until concern in the late 1970s about prosecution under theCompanies Act obliged the directors to incorporate Grierson-Blumenthal as a subsidiary.Forte was the CEO from 1971 and Chairman from 1982 (when his son Sir Rocco Forte took over as CEO).
Fate
In the early 1990s, the company was rebranded as "Forte". Lord Forte passed full control to Rocco in 1993, but soon the Forte Group was faced with a hostile takeover bid from Granada. Ultimately, Granada succeeded with a £3.9 billion tender offer in January 1996, which left the family with around £350 million in cash.
In 2003, following the de-merger of Compass plc from Granada's media interests, the use of the Forte trademark was returned to Sir Rocco Forte in a gesture intended to dispel the bitter legacy of the takeover. Rocco now owns the
Rocco Forte Hotels group.
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