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Showing results for A. Hardy/U.S.A., Ltd. v. V&S Vin & Spirit Aktiebolag
...Is it a victory the French spirits group may come to regret? The price looks exuberant....
...Pernod outbid Bacardi, Fortune and a Swedish private equity group to secure V&S and move from fourth to second position in the US, the world’s biggest spirits market, with a 14% share after Diageo, with...
...Most analysts regarded the price as full, given recent estimates for V&S of $6bn to $7bn....
...The Swedish government is selling V&S, which makes Absolut Vodka, as part of a $31bn drive to privatise six state-owned companies....
...The big risk for investors in Pernod Ricard, which reported solid full-year results on Thursday, is that a craving for vodka proves too great to resist. The problem is a hole in its spirits portfolio....
...V&S net profits fell 7 per cent last year to Skr1.47bn. Though sales volumes rose 5 per cent, sales revenues were almost unchanged at Skr10.3bn, partly because of the weak dollar....
...He also argued that the company’s current structure comprising V&S Absolut Spirits, V&S Distiller and V&S Wine, generated considerable synergies that helped keep down costs and operating profit margins at...
...“V&S and Absolut especially would be a terrific fit for Bacardi,” Mr Gembler told the FT....
..."There have been 120, 130 new vodka products launched in the past couple of years, three or more per month in the US market alone," explains Bengt Baron, chief executive of Sweden's Vin & Spirit (V&S), the...
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