What the papers say - June 4, 2007

Top chefs insure their crockery, their wine cellars and the contents of their fridges and freezers. Now they are being offered cover against the greatest trauma of all - the loss of a Michelin star. C&D Assurance, a French insurance company, is promising a €25,000 (£16,960) payout to customers that suffer the humiliation of being down-graded by the world's most influential guide - The Times​

It may produce "probably the best lager in the world", but Carlsberg's less-than-sparkling performance in the UK has forced the Danish brewer to consider closing its Tetley brewery in Yorkshire. The group is believed to be reviewing the future of the Leeds facility as part of a restructuring of its British operations, which is aimed at reducing its cost base and stemming the steady decline in sales volumes - The Times​

Heineken is to launch its first UK TV campaign in two years, featuring a woman cavorting in a bath with a lobster, to promote its premium lager brand. The campaign aims to convince British pub-goers to order a European-style head on their pints of Heineken's 5 per cent lager - The Guardian​

Greenalls, which makes Bombay Sapphire gin, is building two distilleries in Warrington and plans to launch a premium gin brand - The​ Telegraph​

Eastenders' Queen Vic pub is finally being redecorated after 13 years. Barbara Windsor, who plays landlady Peggy Mitchell, said: "Peggy knows the smoking ban is about to start, so she uses it as an excuse to freshen the pub up a bit." The new look will be unveiled in a few weeks - The Sun​