UK: Allied seals Malibu deal
Allied Domecq's chief executive Philip Bowman said: "Malibu has a proven growth record and will augment our enhanced portfolio of premium white spirits brands. It has critical mass, significant on-trade presence and will add momentum in a number of our key markets." The acquisition of Mumm Cuvee Napa was also completed yesterday.
Bowman continued: "We have acquired Malibu at a price that the market considers to be most attractive. The acquisition delivers immediate strategic benefit to our portfolio and also brings exciting opportunities to develop new products and new markets."
Diageo is looking to change the image of one of its flagship brands in Colombia....
The US consumer goods group Fortune Brands has confirmed it is in talks about launching a joint bid with Pernod Ricard for Allied Domecq....
Diageo is to launch a new global advertising campaign for Smirnoff Ice. The first ad in the global campaign, 'Garden', launches in Great Britain on April 11th on terrestrial and satellite TV. ...
Fideuram Wargny has upgraded its rating of Pernod Ricard to 'buy' from 'hold'. Its analysts argue that the merger talks with Allied Domecq is a catalyst for share growth....
Diageo has completed another share buyback transaction....
Fortune Brands has started making moves to acquire in the European drinks industry, according to press reports....
E&J Gallo has announced a number of appointments within its European division....
Diageo's Smirnoff Signatures line of premixed cocktails is now available nationwide in the US....
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