Here’s a look at what was happening on this day in…
2013 – FRANCE: Patrón Spirits hands distribution to Bacardi
Bacardi-Martini France has taken over distribution of Patrón Spirits’ Tequila, liqueur, and vodka portfolio in the country.
2012 – EUROPE: Bulgaria lodges objection to Scottish minimum pricing
Bulgaria is the first European state to submit a formal objection to the European Commission (EC) over Scotland’s plans for a minimum price, it has emerged.
2011 – US: CEDC poison pill follows stake buy
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By GlobalDataCentral European Distribution Corp’s decision to erect a poison pill takeover defence follows an investment in the company by the ex-CEO of Whitehall Group.
2010 – Comment – Investors Look Beyond the BRICs to the CIVETS
The news last month that PepsiCo is to invest heavily in the Vietnamese market has been followed this week by a significant play in the country by another leading Western FMCG group, Heinz. Both moves give credence to a growing consensus amongst business circles that the South-East Asian country is one of a handful of emerging markets primed for reliable growth and consequently a flurry of investment from the West.
2009 – JAPAN: Asahi joins race for Orangina – report
Asahi has launched a rival offer to Suntory’s bid to acquire the Orangina business from private equity groups Blackstone and Lion Capital, a report has claimed.
2008 – US: Amazon poised to sell wine online in US
Amazon.com, the world’s largest online retailer, will start selling US-made wine on its website later this month.
2007 – UK: Nichols ends takeover talks
UK soft drinks company Nichols has pulled out of its offer period and is no longer for sale.
2006 – US: Pernod Ricard quits spirits trade body
Pernod Ricard has tendered its resignation from a trade body in the US.
2005 – AUSTRALIA: Southcorp in red following writedown
Foster’s reported today (9 September) that its newly-acquired Southcorp business made a A$54.1m net loss in 2004/05.
2004 – US: Coors and Molson CEOs up ante on merger
The chief executives of Coors and Molson are on a mission to convince Molson investors to support their proposed merger. The drive follows admissions that their efforts so far may not have secured the move.
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