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Lord Karan Bilimoria to share challenges of restructuring business and joint venture


TiE UK (The Indus Entrepreneurs), the UK’s leading not-for-profit network for entrepreneurs, announced today that Lord Karan Bilimoria, CBE, Chairman of Cobra Beer Partnership and Founder of Cobra Beer, will be the Guest Speaker at their blockbuster event on 3 February 2010.

Lord Bilimoria will talk about the challenges that led to his business being restructured and the recent joint venture with one of the world’s leading global brewers, Molson Coors. Lord Bilimoria will speak on the importance of being adaptable and flexible while growing a business. He will also share his views on the current economic climate and what it means for businesses going forward. This event will be held at KPMG’s headquarters in the City of London.

Lord Bilimoria is a leading light of the UK beer industry. Born in Hyderabad, India, and having graduated from Cambridge, Lord Bilimoria achieved success and came to prominence as an entrepreneur at the age of 27 in 1989 through his development of Cobra Beer, a less gassy premium lager more suitable for drinking with curry and other foods that appeals to both ale and lager drinkers. In 1999 the company diversified and launched the General Bilimoria Wine brand, which is now the house wine of hundreds of restaurants, including being listed in top Michelin-starred restaurants. In May 2009 Cobra Beer went into administration and subsequently entered a joint partnership with one of the world’s leading global brewers, Molson Coors. Cobra Beer remains one of the UK’s fastest growing beer brands.

Bilimoria is a member of various prestigious organisations and has won a number of business awards. In 2004, he was awarded a CBE for services to business and in 2006 was chosen as a life peer, becoming the first ever Parsi to enter the House of Lords.

TiE UK is part of the world’s largest and most successful entrepreneurs not-for-profit global network. It was founded in Silicon Valley in 1992 with a mission to nurture entrepreneurship as the engine of wealth creation. It has since grown to 54 Chapters (branches) in 12 countries.

TiE’s regular members are up-and-coming entrepreneurs operating in sectors ranging from IT, healthcare and financial services, to property, retail and marketing. Worldwide, more than 12,000 members now benefit from TiE’s mentoring and education programmes and inspirational networking events.

TiE’s Charter Members are successful entrepreneurs and senior professionals who serve as mentors to the next generation of entrepreneurs. In the UK, in addition to Lord Bilimoria, they include such high profile figures as Tom Singh, Founder of New Look; George Coelho, Managing Director of Good Energies and formerly Founder of Benchmark Capital Europe; Dinesh Dhamija, Founder of ebookers; and Chai Patel, Founder of the Priory Healthcare Group.

TiE also has a small group of Global Charter Members who are selected to serve as “at large” charter members. This group of 13 iconic individuals of the highest stature assist TiE in its mission to inspire entrepreneurs on a global basis.

Lord Bilimoria said: “I am extremely proud to be part of the TiE global entrepreneur network and delighted that TiE UK has invited me to speak at their event. This organisation offers a unique mentoring programme where successful business leaders can share their experience with the next generation of entrepreneurs with a desire for guidance. In this global economic situation, it is my aim to encourage entrepreneurs to stay focused on the challenging demands on their businesses. Entrepreneurship is fundamental to revive and regenerate the economy and I know from experience how necessary it is for entrepreneurs to adapt in order to keep growing in the current climate.”

George Coelho, Managing Director of Good Energies (UK) LLP and TiE UK Charter Member said: “This TiE UK event will give budding entrepreneurs the opportunity to learn from Lord Bilimoria’s experiences and motivate them to keep focused despite today’s economic challenges. At TiE, our core mission is to provide entrepreneurs with support and growth through mentoring, networking and inspiration from those who have done it before.

“We are delighted that Lord Bilimoria has agreed to share the personal challenges he faced during the restructure of his company during the recession - a topic that is of importance and interest to the future of several entrepreneurs in the UK today. It gives me great pleasure to know that Charter Members such as Lord Bilimoria are helping to maintain the TiE ecosystem along with our family of partners and sponsors, to ensure that our common goal of fostering entrepreneurship is reached.”

TiE UK has been helping entrepreneurs realise their business goals since 2000 and is one of the largest Chapters in the TiE network with over 900 members. It has provided mentoring services to over 170 entrepreneurs in the last three years and organises 40 events a year.

The TiE UK blockbuster event will be hosted and sponsored by KPMG, one of TiE UK’s core sponsors.
- ENDS -
Editors Notes
Press Contact: Margaret Henry, PR Consultant, TiE UK.
Tel: +44 (0)1865 811199 Email: m.henry@oxin.co.uk
Photo available on request - post event
Lord Karan Bilimoria, Chairman of Cobra Beer Partnership and Founder of Cobra Beer, was the guest speaker at the TiE UK blockbuster event.
About TiE UK
Founded in Silicon Valley in 1992, TiE (The Indus Entrepreneurs) is the world’s leading not for profit organisation that promotes entrepreneurship. Although its birth name signifies the South Asian or Indus roots of its founders, TiE stands for Talent, Ideas and Enterprise.
TiE’s core activities are mentoring and education programmes and networking events. The network links budding entrepreneurs to successful and prominent entrepreneurs and professionals through its unique Mentoring Programme. TiE also organises a TiEger’s Den Business Pitch Competition, inspirational networking events and Special Interest Groups in Healthcare, Outsourcing, Social Entrepreneurship and Venture Capital and the TiE Young Entrepreneurs (TyE) Programme.
The TiE network includes many participants in the entrepreneurial ecosystem – high profile entrepreneurs as well as up and coming entrepreneurs, venture capital firms, angel investors and professionals that specialise in services to support entrepreneurs.
Launched in 2000, TiE UK operates from London and Manchester. It has over 140 Charter members and over 900 regular members, making it one of the largest Chapters globally.
TiE UK’s partners include: the CBI; London Business School, Cass Business School; The Hub; Make your Mark (Enterprise Insight); British Library Business & IP Centre; Manchester Junior Chamber of Commerce; Careers Academies UK; UnLtd Connect; London School of Economics and Political Science; Jade UK; the Centre for Entrepreneurial Learning at Cambridge University; Imperial College Business School; Supply London and Prevista.
TiE UK is sponsored by: ABN AMRO Private Banking; HSBC Bank and KPMG. For more information: www.tie-uk.org

About Lord Karan Bilimoria, CBE
Lord Karan Bilimoria, CBE was born in Hyderabad, India. Having graduated from Cambridge and qualifying as a chartered accountant, Karan Bilimoria achieved success through his development of Cobra Beer, a notably less gassy premium lager that appeals to both ale drinkers and lager drinkers alike. Cobra Beer is one of the UK's fastest growing beer brands. This award-winning brand has a turnover of £80m and is exported to 30 countries worldwide.
In 1999 Bilimoria launched the General Bilimoria Wine brand, which is now the house wine of hundreds of restaurants, including being listed in top Michelin-starred restaurants.
Bilimoria is a member of many other prestigious bodies and organisations and has won a large number of awards for his business acumen. The RSA has honoured Karan with its Albert Medal, in recognition of meeting the RSA Manifesto Challenge to Encourage Enterprise.
He has also been honoured as Business Person of the Year 2004 by the London Business Awards, awarded by the London Chamber of Commerce and Industry and as London Entrepreneur of the Year 2003 (Consumer Products) by Ernst & Young, established as the most prestigious business award in more than 35 nations worldwide. Karan has been recognised as Best Business Leader by Sage Business Awards 2004 in association with The Daily Telegraph, Entrepreneur of the Year 2004 at the National Business Awards, London and South East of England and as Entrepreneur of the Year 2003 by the London Business Awards. He is also Chancellor of Thames Valley University and a Visiting Entrepreneur at the Centre for Entrepreneurial Learning, Cambridge University.


Publisher Contact Information:

TiE UK (The Indus Entrepreneurs)
+44 (0)1865 811199
m.henry@oxin.co.uk

Company profile of TiE UK (The Indus Entrepreneurs)
Past press releases of TiE UK (The Indus Entrepreneurs).

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