Blog: Chris Brook-CarterPLW ping pong

Chris Brook-Carter | 25 September 2003


The battle for Peter Lehmann Wines is beginning to feel like a game of financial ping pong, and one which seems to be doing none of the participants any good, least of all the ball, Peter Lehmann Wines. The comments yesterday by founder Peter Lehmann about the ability of the company's independent directors (who initially backed the Allied bid) to carry on in their roles, suggests the eventual winner is going to inherit a company battered and bruised by this process.
The motives of any of the players in this drama are hard to read, particularly Allied, which, should it win, will be paying for one of the most expensive wine assets in recent history.
A leading figure in the Australian wine industry whom I spoke with on Monday, suggested that Peter Lehmann Wines just doesn't control the grape supplies to make the volumes Allied will need to sell to justify this price. However, he suggested this could be the start of something for the company in Australia and if Allied could secure the amount of grapes it will need by perhaps making other acquisitions - in particular McGuigan-Simeon - the Bristol-based giant could still make this deal pay.

BLOG

US beer called "filthy water" as Czech president gets patriotic

The long-running spat between US and Czech brewers stepped up a notch this week after the Czech president described American beer as “filthy water”....

BLOG

Has beer gone to the dogs? Will it make you feel ruff? Has it got... OH, FORGET IT!

I've stopped short of covering it as a product launch story on just-drinks, but take a look at this. Released this month in the UK, Snuffle Dog Beer is already available in 25 markets....

BLOG

PepsiCo caught in Amazon attack

PepsiCo received high praise when it announced it was to launch its stevia-based Pepsi extension True exclusively on Amazon in the US....

BLOG

Diddy shows he's a Diageo man with prod at Patron

Sean 'Diddy' Combs, the US rapper and entrepreneur, has publicly turned against his apparent former favourite Tequlia brand, Patron, now that he is joint-owner of DeLeón Tequila....

just-drinks homepage



Forgot your password?