UK: Seagram executive hopes for sale decision by mid-November
Steven J Kalagher, was there to "motivate the staff about the business and to keep the business moving forward," according to a Seagram source.
However he was also there to discuss the sale process and many of the press reports about the disposal of the drinks arm "some of which have been more true than others".
According to the Seagram source, staff were told that, although it was early, on "Allied Domecq and Diageo/Pernod Ricard were among the frontrunners for the business", however the UK and Anglo/French concerns were not the only companies mentioned.
Kalagher also said that Charles Bronfman, the Seagram family member, was unlikely to be bidding for the business, backing up press reports last week that said Bronfman had concluded that it doesn't make sense to pursue a bid for the business, noting the good fit the business has with the rival bidders.
The US consumer goods group Fortune Brands has confirmed it is in talks about launching a joint bid with Pernod Ricard for Allied Domecq....
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....
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