- Vestey Group
The Vestey Group (Vestey Group Ltd) (formerly Vestey Brothers) is a privately owned UK group of companies, comprised of an international food product business (that includes meats,
dairyproducts, frozen vegetables, bakeryproducts, food services and trading) and significant cattle ranchingand sugar canefarming interests in Braziland Venezuela.
William Vestey (later Lord Vestey) and his younger brother Edmund (later Sir Edmund) established the Vestey empire in 1897 from a family butchery business in
Liverpool. They were a pioneer of refrigeration, opening a cold store in Londonin 1895.
The Vestey brothers were initially sent to
South Americain an attempt to make their fortune because the economy there was booming. They started by buying game birds and storing them in the cold stores of American companies before shipping them to Liverpool.
These early activities soon developed into importing
beefand beef products into the UK, which in turn led to them owning cattle ranches in Brazil, Venezuelaand Australiaand their own meat processing factories in Argentina, Uruguay, New Zealandand Australia(in 1914 Vestey Brothers built a meat processing works at Bullocky Point, Darwin, Australia, but closed its operations in 1920 after the Darwin Rebellion).
In 1915 the brothers, after being refused a request for
income taxexemption made to David Lloyd George, moved to Buenos Aires to avoid paying income tax in the UK. The family later administered the business through a Paris trust that enabled it to legally avoid UK tax until the loophole was closed in 1991 [ [http://www.guardian.co.uk/g2/story/0,,278717,00.html Heirs and disgraces] , "Guardian", Aug 11, 1999] .
Vestey Brothers also developed a business importing eggs from
China, and during World War IIthey were a major importer of powdered eggs.
It is said that by 1930 Vesteys had 30,000 employees world wide and a net value of 300,000 pounds.
To ship the meat back to the UK the Vesteys created their own shipping company, the
Blue Star Line. Their first two ships ("Pakeha" renamed "Broderick", and "Rangatira" renamed "Brodmore") were bought in 1909, and the company registered on July 28 1911 in London and Liverpool with a capital of 100,000 pounds.
The line owned a number of refrigerated ships (Reefers), and business later expanded to countries as far apart as
Egyptand China, carrying passengers in addition to various foodstuffs. Blue Star was finally sold to P&O Nedlloydfor 60,000,000 GBPin 1998, although most of the refrigerated ships were retained by Vestey's Albion Reeferssubsidiary, which later merged with Hamburg Sudto form Star Reefers, finally sold off in July 2001.
In the course of their expansion, Vestey bought a number of other companies, acquiring Oxo and London's
Oxo Towerthrough the purchase of the Liebig Extract of Meat Company.
In the middle of the 20th century, Vestey companies dominated the UK
wholesaleand retailmeat trade, selling refrigerated and canned meats, as well as leatherand other by-products. Having saved cash reserves for the purpose, they entered into a price warwith the US owned importers to largely drive them from the UK market. Vestey developed the country-wide " Dewhurst" chain of butchers shops, which was eventually disbanded in 1995 in the face of increasing competition from the supermarketchains. Dewhurst were the first to introduce the innovation of glasswindows on butcher's shops - previously meat had been exposed to the elements and pollution.
The Vestey Group had acquired a large amount of land in
Australia, and using the Australian Aboriginal people as cheap labour. This sparked the Gurindji strikein 1966, where the Group was forced seven years later by Gough Whitlam's government to return part of the land they owned to its indigenous owners.
Similar events took place in
Venezuela, when in 2005, Venezuelan troops occupied a cattle ranch owned by the Vestey Group, under a 2001 land use reform programme instituted by the Hugo Chávezgovernment. In March 2006, the Group reached an agreement with the Venezuelan government, ceding two ranches to the state while retaining ownership of eight [Vestey gives up ranches in 'land grab', "The Telegraph", March 23, 2006] .
After a period of major restructuring in the late 1990s, Vestey Group today consists of [http://www.angliss-international.com Angliss International] and significant cattle ranching and
sugar canefarming interests in Braziland Venezuela.
Lord (Sam) Vestey, born 19 March 1941 is the great grandson of 1st Lord Vestey, and the current head of the family and Chairman of the Group. He owns the 6,000
acre(24 km²) Stowell Park Estateat Stowell Park, Gloucestershire, valued at £15,000,000 as well as a villa in Niceand a Townhouse in Belgravia.
The Vesteys endowed the
Vestey Professorship of Food Safety and Veterinary Public Healthat the Royal Veterinary College, University of London.
* [http://www.vesteyfoods.com Vestey Foods Group]
* [http://www.classicfinefoods.com Classic Fine Foods]
* [http://www.agroflora.com Agropecuraria Flora]
Blue Star Linewas sold to P&O Nedlloydfor 60,000,000 GBPin 1998.
Blue Star Ship Management Ltd
*Dewhurst butchers - disbanded 1995
Union Cold Storage Company
* [http://www.bluestarline.org Blue Star Line]
Guardian, March 12, 2000
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Look at other dictionaries:
Vestey — (Vestey group Ltd) es un conglomerado de empresas cárnicas de carácter privado británico, es dueño de granjas y fincas lecheras y cárnicas en Australia, Nueva Zelanda, Brasil y Venezuela. Categorías: Empresas de alimentaciónEmpresas de… … Wikipedia Español
Vestey — (Vestey group Ltd) es un conglomerado de empresas cárnicas de carácter privado británico , es dueño de granjas y fincas lecheras y cárnicas en Australia , Nueva Zelanda , Brasil y Venezuela … Enciclopedia Universal
Vestey — Samuel George Armstrong Vestey, 3. Baron Vestey (* 19. März 1941) ist ein britischer Adeliger, Geschäftsmann und Hofbeamter. Vestey wurde 1941 als ältester Sohn von Samuel Vestey, 2. Baron Vestey geboren, dem er bereits 1954 als Baron Vestey… … Deutsch Wikipedia
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William Vestey, 1st Baron Vestey — Bt (1859 10 December 1940), was an English shipping magnate. In 1876 at the age of seventeen, he was sent to Chicago by his father Samuel Vestey, a provisioner of Liverpool, England.William managed a meat canning factory that was financed by his… … Wikipedia
Baron Vestey — Baron Vestey, of Kingswood in the County of Surrey, is a title in the Peerage of the United Kingdom. It was created in 1922 for the shipping magnate William Vestey. He was the co founder of the Blue Star Line. Vestey had already been created a… … Wikipedia
Samuel Vestey, 3. Baron Vestey — Samuel George Armstrong Vestey, 3. Baron Vestey (* 19. März 1941) ist ein britischer Adeliger, Geschäftsmann und Hofbeamter. Leben Vestey wurde 1941 als ältester Sohn von Samuel Vestey, 2. Baron Vestey geboren, dem er bereits 1954 als Baron… … Deutsch Wikipedia
Baron Vestey — Baron Vestey, of Kingswood in der Grafschaft Surrey, ist ein erblicher britischer Adelstitel in der Peerage of the United Kingdom, benannt nach der Familie Vestey. Stammsitz der Familie ist Stowell Park Estate, in den Cotswolds, Gloucestershire.… … Deutsch Wikipedia
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