UK: Diageo loses new broker after one week
Goldman Sachs has stepped down as one of Diageo's new corporate brokers. The bank was named as one of the drinks giant's brokers only last week.
Goldman Sachs, which is a financial adviser to Allied Domecq, resigned on Wednesday after AD voiced its concerns that Goldman could not work so closely with both of them, according to a report by the Times in the UK.
While neither Goldman Sachs nor AD would comment on the report, a spokeswoman for Diageo said the company would not seek to replace Goldman, which was appointed last week along with Credit Suisse First Boston.
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. ...
Pernod Ricard is looking to acquire Allied Domecq....
Allied Domecq and Pernod Ricard have both been downgraded....
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....
Diageo is poised to cut back its presence in Germany, according to local reports....
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