MEDIA: WHAT THE PAPERS SAY: Granada’s personalities are its forte

Granada’s surprise bid for Forte has all the makings of a long-running and bloody battle.

Granada’s surprise bid for Forte has all the makings of a long-running

and bloody battle.



The media made much of the supposedly stark contrasts between Granada’s

Gerry Robinson and the incumbent Sir Rocco Forte in numerous personality

profiles.



Beyond the personality peg, Granada won the opening round, with its

criticisms of Forte’s management track record and its supposedly

inadequate return to investors.



The latter debate will hinge on whether Forte can convey that two years

is a better frame of reference rather than Granada’s preferred five-year

span.



Opinion was almost evenly split as to which management team will be best

able to grow the company.



Points to Forte included doubt expressed, both independently by

journalists as well as Forte, about Granada’s ability to manage hotels.

Doubt was also expressed about how Forte would fit into Granada’s

corporate structure.



The bottom line was that most of the few opinions ventured about the

likely winner fancied Granada’s chances. There was an important

provision: the initial offer will have to be beefed up to ensure

success.



Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in