first_img KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Diageo faces Jim Beam fight Show Comments ▼ Sharecenter_img More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.com whatsapp Thursday 9 December 2010 8:42 pm DIAGEO could be in for an epic struggle to cherry pick top brands including Jim Beam from US conglomerate Fortune.Sources close to the US firm say its management is determined to hang onto the drinks business after splitting the firm in three.Fortune announced it will separate its most profitable drinks division from its home & hardware and golf arms, both of which it plans to spin off.An industry source told City A.M.: “The management have said they want to spin off the other divisions but hold onto drinks. They feel they can grow the value of that part of the company and if they are reluctant to sell, a deal could be difficult.”However, analysts remain confident the Beam Global Spirits & Wines business will not remain independent for long, with other industry rivals also eyeing its prized assets. Sources close to Diageo hinted it would be interested if regulatory hurdles could be overcome.Although Diageo could comfortably afford to snap up the entire drinks division, which has an estimated value of $8.7bn (£5.5bn), competition issues mean it is far more likely to team up with another drinks retailer.Simon Hales of Evolution Securities says an auction involving Diageo and Bacardi is the most likely scenario, circumventing conflicts with the Guinness owner’s distribution deals with LVMH Moet Hennessy on cognac and Casa Cuervo for Jose Cuervo tequila.The brands likely to interest Diageo most, including Jim Beam and Maker’s Mark bourbon, would set the firm back around $5.5bn. Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *