The world's biggest drinks firm has shunned the chance to buy New
Zealand's Montana wines off Pernod Ricard because it will not
generate enough growth.
Newly acquired wine brands have continued to carry Constellation
Brands forward in its second quarter, raising suspicions about
weaknesses in the company's organic growth.
Pernod Ricard ambled forward in its first half of 2005,
out-performing new rival Diageo, but higher expenses again show the
growing importance of cost-savings and consolidation to the drinks
industry.
One of France's biggest champagne houses, Taittinger, has sold up
to an American hotel firm, but it won't be staying for long as
speculation grows amid a climate for drinks industry consolidation,
reports Chris Mercer.
Constellation Brands has confirmed it approached Allied Domecq on
Wednesday as part of a larger consortium to discuss the terms of a
possible counter bid to Pernod Ricard, reports Chris Mercer.
The battle for Allied Domecq looks set to begin with news that
Constellation Brands, the world's biggest wine company, is
considering launching a rival bid to the £7.4 billion offer tabled
by Pernod Ricard, reports Chris Mercer.
Allied Domecq has advised shareholders to accept a bid for the
company by Pernod-Ricard worth £7.4 billion, as the latter prepares
to shed brands to form the world's largest wine and spirits group,
reports Chris Mercer.
Pernod Ricard and Fortune Brands may be planning a formal takeover
bid for the world's second biggest spirits firm, Allied Domecq, as
soon as Thursday, according to a report in the UK's Financial
Times newspaper, writes...
Allied Domecq, the world's second biggest spirits company, has
confirmed that it is in talks with Pernod Ricard and Fortune Brands
over its possible sale, a move that emphasizes the current rate of
global consolidation in the...
Despite the unresolved legal battle over rights to the brand,
Allied Domecq is to take on global distribution of Stolichnaya
vodka, writes Kim Hunter Gordon.
Rumours of a takeover bid for Allied Domecq by Brown-Forman and
Bacardi have at least thrown light on the perennial problem facing
the global spirits players.
Significant investment in core spirits and wine brands, plus the
addition of a number of major products such as Malibu and Mumm
Cuvee Napa, helped the world's number two spirit and wine maker to
a 16 per cent rise in sales in...
Allied Domecq has announced the latest phase of its Move to Market
business plan with the appointment of a number of key managers to
three new business units within its spirits unit.