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Article: City: NON! Bernard Arnault, head of LVMH, is threatening to wreck the Guinness merger with Grand Met. Richard Newton assesses the strength of his case and suggests the ultimate objective.
- Article from:
- The Sunday Telegraph London
- Article date:
- June 1, 1997
- Author:
CopyrightCopyright 1997 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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AN evil fairy has turned up at the wedding of Guinness and Grand
Met. Bernard Arnault, France's wiliest businessman, threatens to
tear the whole pounds 19bn union apart because he was not invited.
When the merger was announced three weeks ago, Guinness made it
plain that Arnault, chairman of Louis Vuitton Moet Hennessy, the
luxury goods and drinks group and a 15 per cent shareholder in
Guinness, was opposed to the deal. He saw little point in creating
a vast business whose operations ranged from Burger King to Bell's
whisky.
"The only synergy in this group is in wine and spirits. This is a
conglomerate, and at this time conglomerates are usually less
efficient for shareholder value than ...
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Article: City: SPIRIT MIXERS When The Sunday Telegraph revealed a planned ...
The Sunday Telegraph London;
May 18, 1997 ;
700+ words
... ... tradition of the Guinness-owned distillery with Grand Met's frantic Burger ... alternatives, and putting Guinness and Grand Met together was one ... Telegraph revealed that Guinness was working on secret ... the takeover of Grand Met, called Project ...
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