Company Press Release: Wall Street Transcript
April 10, 2000
NEW YORK, NY -- The Wall Street Transcript has published an in-depth interview with Thomas Arasi, President of
Bass plc (NYSE: BAS), in which he talks at length about his company's future.
The entire 2,400-word interview is available free online at http://www.twst.com/ceos.htm
Arasi states, ``Bass plc is a company that is in excess of 200 years old. It was founded in brewing beer, everything
from the brewing and manufacturing to the sale and distribution of it. That evolved over time to a leisure business
which had all sorts of activities, primarily anchored by pubs and restaurants and branded food and beverage outlets.''
Arasi explains, ``The challenges are to, number one, grow our Holiday Inn brands outside of North America to a
larger size. That's a big challenge -- not that it's a problem. We're already bigger in the middle market globally
than any other middle-market brand. But the challenge, generating that kind of growth rate to take advantage of
our potential, is one of our goals. Second, to increase our distribution in North America of Inter-Continental.''
Looking forward, Arasi states, ``We're looking to align ourselves with real estate that has strategic importance
to our customers, so we look for properties that are strategically right. The second thing that we look for is
financial and development partners that we can do multiple deals with.''
This interview is part of the TWST CONSUMER Sector available at http://www.twst.com/sectors/consum.html
or by calling (212) 952-7433.
The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors for over
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SOURCE: Wall Street Transcript