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Article: Grand Met rejects LVMH alternative to Guinness deal; Three-way spirits merger proposal called for spinoff of Pillsbury Co.(BUSINESS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- July 26, 1997
- Author:
CopyrightCOPYRIGHT 1997 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The British owner of Pillsbury Co. rejected a merger alternative Friday that called for the spinoff of the Minneapolis-based company.
LVMH Moet Hennessy Louis Vuitton SA, led by Chief Executive Bernard Arnault, has proposed the sale of Grand Metropolitan PLC's Pillsbury and Burger King, along with Guinness PLC's beer holdings, to clear the way for a three-way spirits merger that would include LVMH.
Paris-based LVMH, the largest investor in Pillsbury parent Grand Met and Guinness, sells Dom Perignon, Moet & Chandon champagne, Hennessy cognacs and luxury items such as Louis Vitton luggage.
Grand Met and Guinness, both of London, announced in May ...
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Article: City: NON! Bernard Arnault, head of LVMH, is threatening to wreck ...
The Sunday Telegraph London;
June 1, 1997 ;
700+ words
... ... turned up at the wedding of Guinness and Grand Met. Bernard Arnault, France ... Instead, he is pressing for Guinness and Grand Met to merge their spirits divisions ... a two-way link up with Guinness, and Grand Met - and George Bull, the chairman ...
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