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May 2005 Issue of Wine Business Monthly
In early March, just days after being hired, Goldman Sachs resigned as corporate broker for Diageo due to conflict of interest concerns as Goldman Sachs was already employed by rival drinks firm Allied Domecq. Diageo had appointed both Goldman Sachs and Credit Suisse First Boston as joint brokers at the end of February. Diageo has asked that banks applying to replace Goldman Sachs give assurances about potential conflicts of interest. Australian beer and wine company Foster's Group Ltd. (FGL...
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