PAUL WALSH TALKS CONSOLIDATION
As reported in The Scotsman, Diageo chief Paul Walsh confirmed that Diageo will continue to acquire new brands as a leader in the “march on consolidation.”
"Consolidation is going to continue, and we will be participating. The consolidation game is not over."
Paul also told the Scotsman that Diageo is very much interested in acquiring Absolut, and they have hired advisers to investigate a sale or flotation. The main thing that stands in their way is regulatory challenges.
“Acquiring a company that brings a collection of brands with it is going to be more of a [regulatory] challenge.”
In other news, there is a report in the Financial Times that Diageo might soon fully acquire Stirrings, a high-end mixer company. Diageo purchased a 20% investment in the company last April.
"Consolidation is going to continue, and we will be participating. The consolidation game is not over."
Paul also told the Scotsman that Diageo is very much interested in acquiring Absolut, and they have hired advisers to investigate a sale or flotation. The main thing that stands in their way is regulatory challenges.
“Acquiring a company that brings a collection of brands with it is going to be more of a [regulatory] challenge.”
In other news, there is a report in the Financial Times that Diageo might soon fully acquire Stirrings, a high-end mixer company. Diageo purchased a 20% investment in the company last April.
posted at 11:28 AM
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