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.
- Rekorderlig Deal Sees Molson Coors Miss Out
- Comment - Diageo CFO to North America? Do the Math
- 5 reasons why Constellation's Meiomi buy works
- Hail Marie Brizard: But, For How Long?
- Constellation Brands basks in beer glory
- Bacardi buys Banks rum
- Diageo ditches Shui Jing Fang plans in China
- Diageo turns to W Ice in South Korea
- MillerCoors changes CMOs with immediate effect
- C&C Group chairman backs CEO amid turmoil