Drinks, anyone?

Article Abstract:

The Jul 1997 merger plans of liquor firms Grand Metropolitan and Guinness are being blocked by Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton. LVMH has a 14.2% stake in Guinness, and the merger between the two distilleries would reduce LVMH's stake to only 7% of the new company. LVMH has since purchased 6.3 percent of Grand Met. Arnault believes that a better option than the merger of the two distilleries is to divest Guinness's brewing business and Grand Metropolitan's two food businesses. Then, he proposes merging the wine-and-spirits business of Guinness, Grand Metropolitan and LVMH; LVMH would control 35% of the resulting company.

Wines, brandy, and brandy spirits, Wine & Brandy, Wineries, Management, Planning, LVMH Moet Hennessy Louis Vuitton S.A., Arnault, Bernard, Grand Metropolitan Inc.

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Master of the bar: Grand Metropolitan and Guinness

Article Abstract:

The merger of Grand Metropolitan and Guinness, already two of the biggest liquor companies in the world, is creating an alcoholic beverage behemoth with about $9.8 billion in sales. The deal makes sense in many ways for both firms and it could inspire further mergers.

Grand Metropolitan PLC

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Raise a glass, at last

Article Abstract:

Developments in the liquor industry after the sale of the drinks business of Seagram are examined in detail.

Industry Overview, Economic aspects, Beverage industry, Seagram Company Ltd.

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