Diageo and Pernod snap up Seagram drinks for £5.5bn
20 Dec 2000 | by Claire Billings
Drinks giant Diageo, in collaboration with French company Pernod Ricard, has scooped Seagram’s spirits business in a 5.5bn deal.
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Sainsbury’s sells Homebase to Schroder
22 Dec 2000 | by Louise Banbury
Supermarket chain Sainsbury’s has sold its Homebase DIY business in a deal worth £969m.
Diageo the favourite to win Seagram drinks portfolio
18 Dec 2000 | by Claire Billings
The bidding for Seagram’s wine and spirits business could end today as Diageo’s joint 5.8bn bid with Pernod Ricard of France looks set to scoop the drinks portfolio.
EasyEverything invests £20m in US net cafe expansion
18 Dec 2000
EasyGroup is investing 20m to roll out its chain of EasyEverything internet cafes across the US in the new year.
Marks & Spencer to launch convenience stores
18 Dec 2000
Retailer Marks & Spencer is to open a new line of convenience stores in May next year, in an attempt to compete with Sainsbury’s Local and Tesco Metro.
Starcom wins $800m Kraft media business
15 Dec 2000 | by Camilla Palmer
Food giant Kraft is understood to have consolidated its 800m North American media planning and buying account into Starcom MediaVest, the media buying arm of B|Com3, following a competitive pitch.
Allied Domecq pulls out of race for Seagram
13 Dec 2000 | by Camilla Palmer
UK drinks group Allied Domecq has pulled out of the race for Seagram’s portfolio of spirits brands, but says it will keep fighting for control of the disputed 1.5bn flagship Captain Morgan rum brand.
Bass drops Reef alcopop ad after row with New Zealand
11 Dec 2000 | by Camilla Palmer
UK brewing and drinks group Bass has been forced to drop a TV advertising campaign for its new Reef alcopop after a row with the New Zealand government.
Wins in 2000 will protect Aegis from ad slow-down
08 Dec 2000
Aegis Group, which owns the Carat media buying network, claims the 1.85bn in new advertising contracts won in the first 10 months of 2000 will protect it from the slowdown in advertising spending, which is forecast for next year.
M&S hires Wal-Mart director to run food business
07 Dec 2000
Marks & Spencer has poached a senior Wal-Mart executive Justin King to run its UK food business.
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