Propel Morning Briefing Mast Head CPL Learning Link Paul's Twitter Link Serious Pig Banner
Morning Briefing Strap Line
Fri 13th Aug 2021 - RedCat apologises for Gusto Pronto deal error
RedCat apologises for Gusto Pronto deal error: RedCat Pub Company, the vehicle founded and chaired by Rooney Anand to invest in the UK pub sector, has apologised for a story Propel published earlier today, saying the business had acquired Gusto Pronto, the five-strong, Suffolk-based pub group. Propel published the story in good faith after confirmation of the acquisition from RedCat and its PR firm. However, it has since been brought to our attention that a deal between the two companies has not taken place. RedCat has apologised for any misunderstanding caused and is understood to be talking to the owners of Gusto Pronto over the mistake. Propel insights editor Mark Wingett said: “In over 20 years of journalism I have never come across a situation, where a company claims to have bought another company, but hasn’t. It is somewhat unprecedented and somewhat extraordinary. We would never publish a story like this, unless it was confirmed, which it was. We had been talking to RedCat and its PR team – Brunswick – about RedCat’s involvement in a number of prospective deals over the past few months, and flagged up its interest in Gusto Pronto as part of this. Subsequently yesterday, we received confirmation from Brunswick that RedCat had done a deal to acquire Gusto Pronto. In good faith, we then published said story, only to be told by the owners of Gusto Pronto that in fact this wasn’t the case. It is understood that Gusto Pronto had an approach from RedCat to acquire the business, which has been rejected. They have asked for a retraction of the story, which we are happy to provide.”


Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
 
Absolut Banner
 
Knorr Banner
 
Pepper Banner
 
AB InBev Banner
 
Hogs Back Banner
 
Estrella Banner
 
Camile Thai Banner
 
White Claw Banner
 
Sky Banner
 
Bizimply Banner
 
Frobishers Banner
 
Peroni Banner
 
Contract Furniture Group Banner
 
COREcruitment Banner
 
KAM Media Banner
 
Access Banner
 
Reputation Banner
 
Yapster Banner
 
Zonal Banner
 
Trail Banner
 
The Licensees Association Banner
 
Tiny Cloud Kitchens Banner
 
Harri Banner
 
TipJar Banner
 
Airship – Toggle Banner
 
Zonal Banner
 
John Gaunt Banner
 
Libeo Banner
 
Propel Banner
 
Peroni Banner