Wine Business Stock News
Sep 2005 Issue of Wine Business Monthly
After months of unrest, Pernod Ricard has completed their $12.8 billion purchase of Allied Domecq, thus becoming the second-largest drinks company in the world behind Diageo. French-based Pernod Ricard then sold off 21 brands to American company Fortune Brands, which provided Pernod with roughly $5 billion for the Allied purchase. Fortune Brands, now the fourth-largest drinks company, has added most of Allied Domecq's wine division (which includes Clos du Bois, Buena Vista Winery and Gary Farrel...
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