Who Owns
the Gaff?
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Asahi

Profile reviewed

Asahi owns the Fuller's beer business, Meantime and Dark Star, alongside international brands including Asahi Super Dry, Peroni and Grolsch. [1][2][3]

01 / Behind the name

Who owns Asahi?

Public parent · acquired UK beer businesses [1][2][3]

  1. 01
    Named beer business / brand owner

    Asahi Group Holdings, Ltd. [1]

    As reported · 11 Oct 2026

Fuller's beer business was sold to Asahi on 27 April 2019; Fuller, Smith & Turner retained its pub/hotel company. The beer transaction includes a perpetual global exclusive royalty-free licence for relevant Fuller trademarks, not ownership of every Fuller-named business. Meantime and Dark Star remain group brands despite production-site changes. [1][2][3]

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Owner & brand overview

02 / On the map

Where is it based?

Listed beer group parent
Asahi Group Holdings, Ltd. [1]
Group headquarters
Tokyo · Azumabashi, Sumida-ku, Japan [2]
Parent incorporated in
Japan · Asahi Group Holdings, Ltd. [2]

Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.

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Investors in Asahi

Investor disclosures found

Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.

Disclosed backing

Asahi Group Holdings, Ltd.

Held entity · Fuller's beer business and relevant trademark licence

Acquired entire beer business · exclusive trademark licence

Transaction completed ·

The pub/hotel company was retained separately. The trademark rights are licensed.

Evidence · 2 sources

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Explore the portfolio

Brands in the Asahi portfolio

Selected beers and brewery brands. Origin, present brewing location and ownership are separate facts; individual products can have different brewing or distribution arrangements. This is not an exhaustive catalogue.

Brand research reviewed . Ownership and tax figures elsewhere on this page describe the group, not individual brands.

Showing 8 of 8 brands and ranges

  • Fuller's beer business

    Beverages · Beer

    Asahi beer business with relevant Fuller trademark licence; separate from the Fuller, Smith & Turner pub/hotel company. [3]

    Markets & sources (1)

    Also listed or searchable as: Fullers beer, London Pride, ESB

    • UK beer market [3]
  • Meantime

    Beverages · Beer

    Markets & sources (1)

    Also listed or searchable as: Meantime Brewery

    • UK beer market [1]
  • Dark Star

    Beverages · Beer

    Markets & sources (1)

    Also listed or searchable as: Hophead, Dark Star APA

    • UK beer market [1]
  • Asahi Super Dry

    Beverages · Beer

    Markets & sources (1)
    • UK beer market [1]
  • Peroni Nastro Azzurro

    Beverages · Beer

    Markets & sources (1)

    Also listed or searchable as: Peroni

    • UK beer market [1]
  • Grolsch

    Beverages · Beer

    Markets & sources (1)
    • UK beer market [1]
  • Pilsner Urquell

    Beverages · Beer

    Markets & sources (1)
    • UK beer market [1]
  • Kozel

    Beverages · Beer

    Markets & sources (1)
    • UK beer market [1]
Recent portfolio changes

The completed 2019 Fuller's beer sale retained the separately owned Fuller's pub/hotel business. [3]

03 / The figures, with context

What does it report in UK tax?

UK cash corporation tax has not been verified in this ownership review. This does not mean no tax was paid.

United KingdomNot yet verified

UK corporation tax paid

Not yet verifiedCash payment

Asahi · UK cash reporting scope not reconciled
Annual reporting period not yet verified

This beer ownership review has not established a UK cash corporation-tax payment. Ownership percentages, worldwide tax figures and beer duties do not establish that amount. [1]

These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.

Understand the measures

04 / Check our working

The public record.

Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.

  1. 01
    Asahi European brands (opens in a new tab)

    Asahi Europe & International · UK Fuller beer business, Meantime and Dark Star; selected European beer brands

    Accessed 11 Oct 2026
  2. 02
    Asahi Group Holdings corporate profile (opens in a new tab)

    Asahi Group Holdings · Listed Japanese parent; Tokyo headquarters at Azumabashi, Sumida-ku

    Accessed 11 Oct 2026
  3. 03
    Fuller's annual report 2019 (opens in a new tab)

    Fuller, Smith & Turner plc · Printed p14 / Note 31: beer disposal completed 27 April 2019; worldwide exclusive perpetual royalty-free trademark licence; pub/hotel business retained

    Accessed 11 Oct 2026