FRANCE: Ricard to stand down in five years
The chairman of Pernod Ricard has said he plans to step down in five years' time, according to French newspaper reports. Patrick Ricard, speaking with Les Echos, said he expects to move to become chairman of the supervisory board five years from now, when he turns 63.
Ricard also said that the company will look for acquisitions from mid-2004. Pernod may consider a capital increase to finance any large transactions, he said.
Earlier this month, Ricard announced that the company is targeting future US growth through possible acquisitions and increased business volume.
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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