LVMH
Article Abstract:
LVMH has reduced a holding in Guinness to 14% from 21% which has cut profits for 1996 but has also helped fund an investment in Duty Free Shoppers. Most ongoing businesses performed well in 1996 though the perfume division reported a drop in operating income of over 50%. The company has decided to cease to supply discount outlets with Christian Dior perfumes. Champagne and wine, and luggage saw improvements though congnac and liquor earnings were hit by a drop in demand from Japan.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Guinness leaves a sour taste
Article Abstract:
Guinness has revealed exceptional charges of 39 million pounds sterling in Jan 1996. This includes 33 million pounds for a reorganization of operations in Venezuela, Germany and Japan. The company faces difficult long-term prospects and faces mature markets such as the UK and the US which are not growing. Faster growing markets such as Latin America have not compensated for this. In addition, retailers have increasing power over prices as consumers move toward drinking at home.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Scottish and Newcastle
Article Abstract:
Scottish and Newcastle (S and N) is the biggest brewer in the UK, following approval for the acquisition of Courage for 425 million pounds sterling in 1995. S and N's operations are concentrated in northern parts of the UK, and Courage focuses on the south, so they complement each other. Competition is intense in the brewing industry, and sales are growing slowly. The company's profit is forecast at 303 million pounds sterling for 1995 to 1996 by BZW.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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