Food Industry
Industry: Email Alert RSS FeedFortune Brands Inc. has completed its acquisition of liquor brands from U.K. firm Allied Domecq through a joint deal with French spirits giant Pernod Ricard, the firms said last week
Food & Drink Weekly, August 1, 2005
Fortune Brands Inc. has completed its acquisition of liquor brands from U.K. firm Allied Domecq through a joint deal with French spirits giant Pernod Ricard, the firms said last week. The deal makes Fortune the fourth-largest spirits company in the world, the company said. It was the seventh largest prior to the transaction.
Most RecentFood Articles
- Salt Lake City Costco Protects Sarah Palin from Potential Tomato-Throwing
- Food Industry Could Pay for Slow Progress in Marketing to Kids
- Facebook Reconsiders Anti-Dairy Policy
- General Mills' Sugar Reduction Scheme a Bit Disingenuous
- Pepsi does damage control over Sponsorship of Anti-Gay Artist
- More »
Under the transaction, Fortune acquires more than 20 spirits and wine brands from Pernod, which completed its acquisition of Allied Domecq last week for $12.8 billion. Illinois-based Fortune, which sells Jim Beam and Knob Creek bourbons, acquires Canadian Club whiskey, Sauza tequila, and Courvoisier cognac, among other brands. The agreement also includes the acquisition of the Maker's Mark bourbon brand from Pernod. Fortune is paying $5 billion for the brands and related production facilities. Pernod is now the world's second-largest sprits group. It brands include Chivas Regal scotch and Bushmills Irish whiskey. Market leader Diageo is still number one by a wide margin. Diageo's brands include Smirnoff, Johnnie Walker, Tanqueray and Cuervo.
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn’t Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express