AUSTRALIA: Jackson ends K-J sale process as Hardy's shareprice lifts

By Chris Brook-Carter | 17 May 2001

Jess Jackson's reluctance to give up the winery he founded, Kendall-Jackson, was behind the winery's decision to pull its business off the acquisition market, a report in today's Dow Jones says. Quoting sources close to the deal the report said that even though the winery had attracted strong bids from Diageo, Brown-Forman and BRL Hardy, Jackson had decided against selling.

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Jess Jackson's reluctance to give up the winery he founded, Kendall-Jackson, was behind the winery's decision to pull its business off the acquisition market, a report in today's Dow Jones says. Quoting sources close to the deal the report said that even though the winery had attracted strong bids from Diageo, Brown-Forman and BRL Hardy, Jackson had decided against selling.

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