FRANCE: Bordeaux group withdraws from China
Quoted in French newspaper, Les Echos, group chairman Bernard Magrez said the group should have pulled out of China three years ago like Pernod Ricard adding that the loss-making activities would be sold off to undisclosed Chinese parties.
William Piiters owns 26 vineyards in seven countries (France, Spain, Morocco, Algeria, Uruguay, Argentina and China ) covering 1,950 hectares. It has almost 1,000 hectares of vineyards in Morocco.
In 2002, William Pitters posted a pre-tax profit of just over €8m from a turnover of €80m.
As Pernod Ricard, Allied Domecq and Fortune Brands close in on the biggest drinks industry deal since the sale of Seagram, opinion about how the deal will be structured and who stands to win and lose ...
Maxxium Worldwide could come under pressure if Pernod and Fortune's Allied Domecq bid is successful, according to press reports today (14 April)....
It's been a quiet day on the Pernod/Allied Domecq front....
Conflicting reports circulated this weekend over whether Bacardi International is looking to form a counter-bid for Allied Domecq....
Todays press reports into Pernod and Fortune's hopes to buy Allied Domecq warn of possible conflicts and set a date for completion....
Pernod Ricard and Fortune Brands are considering a US$13 billion bid for Allied Domecq, the world's second-largest spirits company. Were it to take place, Pernod and Fortune would split Allied's brand...
Pernod Ricard and Fortune Brands are hoping to buy Allied Domecq for around 670p per share, according to press reports....
The US consumer goods group Fortune Brands has confirmed it is in talks about launching a joint bid with Pernod Ricard for Allied Domecq....
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