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Carlsberg A/S

2 linked company profiles · 2 dated disclosures in this directory.

About this investor

Carlsberg's UK beer business combines international lagers with British ale brands including Hobgoblin, Pedigree and Wainwright. The former Marston's brewing joint venture is now wholly Carlsberg-owned. [1][2][3][4][5][6][7][8][9][10][11][12]

Carlsberg acquired Marston's remaining 40% interest on 31 July 2024; the older 60/40 joint-venture split is historical. Marston's plc's pubs are separate. The UK business now trades as Carlsberg Britvic. Ringwood brewery closure did not itself dispose of retained beer brands. Jennings returned to independent ownership in 2025 and is excluded. Brooklyn is included only for territorial brand rights in Carlsberg markets, not as a wholly owned brewery. [1][2][3][4][5][6][7][8][9][10][11][12]

Each card names the entity invested in. Linked companies and brands can sit below that entity. Stakes use the source’s definition and date; disclosures are selected and do not give a complete portfolio or investor register. Read the investor methodology.

Disclosed holdings & backing

Equity ownership

Britvic acquired business

100% · completed Britvic acquisition

Transaction completed ·

Completed through wholly owned Carlsberg UK Holdings Limited on 16 January 2025. This does not transfer ownership of licensed PepsiCo or Pepsi Lipton brands, nor describe the Foundation's stake in the listed Carlsberg parent.

Ownership & related brands

Evidence · 1 source
Equity ownership

Carlsberg Marston's Brewing Company · UK beer business

100% · completed UK brewing joint-venture buyout

Transaction completed ·

Marston's remaining 40% was acquired on 31 July 2024. Its pub company remains separate. This is the UK brewing-business stake, not foundation ownership of the listed parent.

Ownership & related brands

Evidence · 2 sources
Former holdings & portfolio changes
  • Beer portfolio change 1

    Marston's sold its remaining 40% brewing interest to Carlsberg on 31 July 2024. [2]

  • Beer portfolio change 2

    Jennings' own history confirms the brewery and brand rights returned to local family ownership in 2025. [12]

About & portfolio changes: sources · 12

Research reviewed . Sources for individual investments are included on their disclosure cards.

  1. 01
    Carlsberg Britvic: UK business (opens in a new tab)

    Carlsberg Britvic · Current UK trading identity, legal companies and group relationship

    Accessed 11 Oct 2026
  2. 02
    Carlsberg H1 2024 financial statement (opens in a new tab)

    Carlsberg Group · Note 8, printed p29: remaining 40% of CMBC acquired from Marston's on 31 July 2024

    Accessed 11 Oct 2026
  3. 03
    Carlsberg corporate FAQ (opens in a new tab)

    Carlsberg Group · Carlsberg A/S and Carlsberg Breweries A/S; Denmark / Copenhagen headquarters; Brooklyn territorial rights acquired in 2020

    Accessed 11 Oct 2026
  4. 04
    Hobgoblin brand (opens in a new tab)

    Carlsberg Britvic · Current Hobgoblin / King Goblin range

    Accessed 11 Oct 2026
  5. 05
    Marston's Pedigree (opens in a new tab)

    Carlsberg Britvic · Current Pedigree brand

    Accessed 11 Oct 2026
  6. 06
    Wainwright beers (opens in a new tab)

    Carlsberg Britvic · Wainwright Amber and Gold range

    Accessed 11 Oct 2026
  7. 07
    Banks's beers (opens in a new tab)

    Carlsberg Britvic · Current Banks's brand listing; historical variants are not all certified as in production

    Accessed 11 Oct 2026
  8. 08
    February 2026 beer promotion (opens in a new tab)

    Carlsberg Britvic · Tetley's beer in the current UK trade range; distinct from Tetley tea

    Accessed 11 Oct 2026
  9. 09
    Ringwood brewery closure proposal (opens in a new tab)

    Carlsberg Marston's Brewing Company · 4 December 2023: brand production retained within CMBC; site and brand ownership distinguished

    Accessed 11 Oct 2026
  10. 10
    Thirst April 2026 catalogue (opens in a new tab)

    Carlsberg Britvic · Beer catalogue: retained Ringwood Razorback and international Carlsberg / Tuborg range

    Accessed 11 Oct 2026
  11. 11
    Carlsberg FY2023 financial statement (opens in a new tab)

    Carlsberg Group · Structural changes, printed p7: Kronenbourg UK rights returned from Heineken on 1 June 2023

    Accessed 11 Oct 2026
  12. 12
    Jennings ownership history (opens in a new tab)

    Jennings Brewery · Brewery and brand rights returned to independent local family ownership in 2025

    Accessed 11 Oct 2026