Allied Domecq: No merger but Bowman's aim is true
By just-drinks.com editorial team | 5 May 2000
Under Philip Bowman's command, Allied Domecq is showing the growth potential shareholders have been expecting for some years now. Glancing at the latest six months figures, many will be pinching themselves to make sure they have not slipped into a trance and picked up Pernod Ricard's results by mistake. Profits from its spirits and wine division up 9% (£207m to £225m); the overall group's profits up 16%; and Allied's finance director, Graham Hetherington's startling news that "for the first time, the international QSR (quick service restaurants) business has traded without any losses."
just-drinks articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
Under Philip Bowman's command, Allied Domecq is showing the growth potential shareholders have been expecting for some years now. Glancing at the latest six months figures, many will be pinching themselves to make sure they have not slipped into a trance and picked up Pernod Ricard's results by mistake. Profits from its spirits and wine division up 9% (£207m to £225m); the overall group's profits up 16%; and Allied's finance director, Graham Hetherington's startling news that "for the first time, the international QSR (quick service restaurants) business has traded without any losses."
- Unlimited access to all the latest global beverage news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-drinks market research
- Plus much more
If you’re already a member, login here
More articles related to this one
UK: Press fallout - Allied & Pernod
Cautious optimism is probably the best way to describe today's press reaction to Pernod's friendly bid for Allied Domecq.
COMMENT: Pernod Ricard - allied for good fortune
Spirits firm Allied Domecq has agreed to a takeover bid from smaller rival Pernod Ricard, subject to agreement from Allied shareholders.
UK: Allied & Pernod - full details released
Allied Domecq last night accepted Pernod Ricard's offer to buy the UK-based drinks giant.
