Heard it on the grapevine
If you thought, the brewing industry was abuzz with rumours about sales and takeovers, you don’t know the drinks industry. Last month the London papers reported that a US private equity house has shown more than just an interest in Allied Domecq, nicknamed the perpetual bridemaid of the spirits sector. City sources belief that the possible bidder is investment company Texas Pacific, which bought the Burger King business from Diageo in a protracted bid.
Although the news is only speculation at this stage, it makes sense. After all, Texas Pacific might need to diversify some of the operational risk associated with the Burger King fast food business by adding Allied’s fast food operations Baskin Robbins and Dunkin’ Donuts to its stables. First baby steps? Indeed..
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