Kirin Holdings subsidiary Lion has announced the sale of its UK operations to Odyssey Inns.
The deal includes the Magic Rock and Fourpure brands, the breweries and taprooms in Huddersfield, Holmfirth and London, and the Little Creatures craft beer hospitality venue in Kings Cross.
The divestiture will see Lion focus future investment towards its businesses in Australia, New Zealand and the US.
Lion’s UK managing director, Gordon Treanor, said: “Odyssey brings together a great team with a clear passion for brewing and hospitality and is ideally placed to take Magic Rock and Fourpure forward…With some great sales and brand momentum, the business is well placed for the future ahead, under new ownership.”
In 2018, Fourpure was acquired by Lion, while Magic Rock was purchased the following year. Both brands will now return to being under independent UK ownership.
Terms of the transaction were not disclosed.
© FoodBev Media Ltd 2022
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