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Aug 2005 Issue of Wine Business Monthly
It finally appears as if the fate of Allied Domecq is resolved. On July 4, 2005 Allied Domecq shareholders voted to accept the roughly $13 billion bid from French company Pernod Ricard. Pernod Ricard will now become the world's second-largest drinks company behind British behemoth Diageo. Upon completion of the deal, some Allied Domecq brands will be sold off to U.S.-based Fortune Brands at a price of $5.1 billion. Fortune Brands is poised to gain several spirits brands as well as a number of p...
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