Diageo is considering shutting down the St James's Gate brewery in Dublin as part of a review of operations, the Financial Timesreported today.
Guinness Brewery Storehouse, St. James Gate in Dublin may face closure. Photograph: Alan Betson.
The drinks conglomerate was engaged in an "assessment of its investment options for its brewing operations in Dublin, Dundalk and Kilkenny to enhance the long-term competitiveness and sustainability of the business in Ireland," the article said, quoting the company.
David Gosnell, managing director of Diageo Global Supply, said: "Everything is on the table" including the possible closure of the historic brewery but added no final decision was likely before "well into 2008".
The 56-acre Dublin site could be worth between €600 million and €700 million if it was put up for sale, the article said.
Guinness has been brewed on the site for close to 250 years
Agencies