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Article: Stout fellows. (Guinness PLC) (company profile)
- Article from:
- The Economist (US)
- Article date:
- June 9, 1990
CopyrightCOPYRIGHT 1990 Economist Newspaper Ltd. 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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GUINNESS, the British distiller that boasts brands such as Johnnie Walker whisky and Gordon's gin, pops up in British newspapers almost as often as the Princess of Wales. The prosecution of the company's erstwhile chairman, Mr Ernest Saunders, (Guinness's directors are alleged to have conspired to boost its share price during a bid battle in 1986), continues to run and run. A Dynasty-style battle for control of Guinness's French suitcases-to-champagne associate, Moet Hennessey Louis Vuitton, (LVMH), has lent glamour to newspapers' financial pages. Latest episode in the saga: a tender by LVMH on May 31st for an extra 12% of Guinness's shares, taking its total stake up ...