US: Beam Inc hits back at Sidney Frank lawsuit
Beam says it will prevail
Beam Inc is “confident” of victory in a legal battle with Sidney Frank after the US importer filed a lawsuit against the global group and a subsidiary for US$100m.
According to reports on Friday (1 March), Sidney Frank claimed in documents filed at a Manhattan court that Beam denied it access to Michael Collins Irish Whiskey after Beam bought the brand's owner, Cooley Distillery. Sidney Franks said it had an outstanding contract with Cooley to distribute the whiskey, Bloomberg reported.
However, in an emailed statement to just-drinks today, Beam said: “We have been in commercial discussions with Sidney Frank regarding this matter and while we don’t discuss the details of matters in litigation, we are confident in our position and that we will prevail.”
Sidney Frank lodged its claim at the US District Court in Manhattan on Friday. The importer is suing Beam and Cooley for breach of contract, unfair competition and tortious interference with the importer’s business relationships with distributors throughout the US, Bloomberg said.
Beam closed its purchase of Cooley, for US$95m, in January last year.
- Why consumers don't care about vodka's provenance
- Pernod Ricard's FY Performance by Region, Brand
- Japan follows in Scotch whisky's footsteps
- Brown-Forman's Q1 Performance by Region, Brand
- Pernod Ricard's FY fiscal-2015 - Preview
- Diageo launches glass Bulleit & Cola bottles
- Pernod Ricard "in line" after full-year results
- Pernod Ricard releases social medial guide
- Bruno Mars rum rolls out across US
- Brown-Forman CEO unfazed by FX headwinds
- Global gin insights - market data, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research