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Non Diving Posts: Discuss Is Bren responsible for this ? in the Non-Diving Related Forums forums: Glenmorangie snapped up for £300m The deal will allow Glenmorangie to boost sales in Europe Glenmorangie, one of Scotland's last ...

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Old 22-10-04, 11:54 AM
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Talking Is Bren responsible for this ?

Glenmorangie snapped up for £300m


The deal will allow Glenmorangie to boost sales in Europe

Glenmorangie, one of Scotland's last independent whisky distillers, is to be bought by French drinks firm Moet Hennessy for about £300m (433m euros).

Glenmorangie was put up for sale in August when the Macdonald family, which helped form the company in 1893, decided to sell its 52% stake.

The company produces the UK's best selling single malt whisky and a number of other popular brands.

The firm said the deal was "very good" for shareholders and staff.

Champagne brands

Moet Hennessy owns some of the world's most prestigious champagne brands such as Moet & Chandon, Veuve Clicquot and Dom Perignon.

It is jointly owned by French luxury goods firm LVMH and British drinks firm Diageo.

This is a very good deal for our shareholders and employees


Keith Edelman, Glenmorangie



The Macdonald family has agreed to sell its controlling stake to the French company as has another leading shareholder, US drinks firm Brown-Forman.

The £300m deal has also been recommended by directors of the West Lothian firm headed by chairman Keith Edelman.

Mr Edelman said the deal would allow the company to "realise the full potential" of its brands, particularly in the export market.

"This is a very good deal for our shareholders and employees," he said.

"Glenmorangie is a fine whisky, a growing brand and a strong company," said Christopher Navarre, chief executive officer of Moet Hennessy.

Glenmorangie's main brands
Glenmorangie
Glen Moray
Ardbeg
Bailie Nicol Jarvie



"It will be a fitting companion for Moet & Chandon, Hennessy and our other prestigious brands."

Moet Hennessy said it would protect the employment and pension rights of the firm's 350 staff.

The proposed takeover was announced after the close of trade on the London stock market.

However, shares in the company dipped 6% to 14.25p in the hour before trading concluded.

Glenmorangie's sale is believed to have attracted interest from all the world's leading drinks companies. According to newspaper reports last month, six companies including Moet Hennessy made it onto a final shortlist of potential bidders. Production of Glenmorangie malt whisky is said to be entrusted to the care of just sixteen people known as the Sixteen Men of Tain.
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Old 22-10-04, 12:05 PM
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awww Fiona, you just can't keep anything a surprise anymore. I was hoping to give it to Bren for chrismas but now he has seen this I will have to think of something else. Do you think I can change it for a pair of socks?
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Old 22-10-04, 12:25 PM
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Wink

Quote:
Originally Posted by Julia C
awww Fiona, you just can't keep anything a surprise anymore. I was hoping to give it to Bren for chrismas but now he has seen this I will have to think of something else. Do you think I can change it for a pair of socks?
Oh, Sorry Jules he isn't here shall I get Jay to delete it before he arrives. I think the socks would be a good substitute, better for him anyway, nice little argyle ones
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Old 22-10-04, 12:48 PM
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Smile

Let's just pretend I've not seen it OK!

As you were.
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Old 22-10-04, 12:51 PM
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Originally Posted by Bren Tierney
Let's just pretend I've not seen it OK!

As you were.
Jules, it's OK Bren has closed this eyes your surprise will still be OK. Blimey I wonder what Steve is getting
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Old 22-10-04, 01:25 PM
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Steve is getting a whole ocean full of sharks and several rainbows in the sky.


Still thinking what to get H. Any ideas?
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Old 22-10-04, 01:28 PM
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Quote:
Originally Posted by Julia C
Still thinking what to get H. Any ideas?
A new pair of trousers and an elastoplast
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Old 22-10-04, 01:38 PM
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Quote:
Originally Posted by Julia C
Steve is getting a whole ocean full of sharks and several rainbows in the sky.
Don't forget to include an Oceanic White tip, he will be very upset if he doesn't get that one there was a lovely rainbow in Mull on Monday

Quote:
Originally Posted by Julia C
Still thinking what to get H. Any ideas?
A butler to get the twinset out of the car
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Old 22-10-04, 04:37 PM
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Originally Posted by Julia C
...............................
Still thinking what to get H. Any ideas?
Awwww........................ made my day,knowing that you're thinking of buying me a prezzy, anything will do as long as it's got a billion calories.
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Old 22-10-04, 04:46 PM
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Awwww........................ made my day,knowing that you're thinking of buying me a prezzy, anything will do as long as it's got a billion calories.
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