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The Granada takeover of Forte: a managerial perspective

Richard Teare (University of Surrey, UK)
Gavin Eccles (University of Surrey, UK)
Jorge Costa (University of Surrey, UK)
Hadyn Ingram (University of Surrey, UK)
Tim Knowles (University of Surrey, UK)

Management Decision

ISSN: 0025-1747

Article publication date: 1 February 1997

1971

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.

Keywords

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

Publisher

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MCB UP Ltd

Copyright © 1997, MCB UP Limited

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