Allied Domecq
Allied Domecq PLC was an international company, headquartered in Bristol, UK that operated spirits, wine, and quick service restaurant businesses.
1978 Allied Lyons was formed by a merger between Allied Breweries and the food and catering group J. Lyons and Co.
In the mid 1980s, Allied Lyons PLC entered into a purchase agreement with Hiram Walker-Gooderham & Worts Ltd., the Canadian based distillers of Canadian Club and other brands. The agreement was contested by Olympia and York who had bought up the vast majority of Hiram Walker stock. Their highly-publicized legal battle for control ended in 1987 with Olympia and York becoming Allied Lyons' largest shareholder.
1994 Allied Domecq was formed as the result of a merger between Allied Lyons and Pedro Domecq of Domecq Sherry.
1994 Sold DCA Food Industries (an American food ingredients company) and Margetts Foods to Kerry Group[1]. Sold Lyons Seafoods. Sold Lyons Biscuits to Hillsdown Holdings[2]
1995 Management buy-out of Tetley tea business.
In early 2005, a takeover bid for the company was launched by French-based rival Pernod Ricard. Pernod Ricard successfully completed acquisition on 26 July 2005 and sold off the overlapping spirits brands to U.S.-based competitor Fortune Brands and British giant Diageo.
On 12 December 2005, Pernod Ricard announced that it had agreed to sell the restaurant businesses (Dunkin' Brands) to a consortium of three US private equity firms (Thomas H. Lee Partners, the Carlyle Group and Bain Capital LLP) for $2.43 billion. The closing of the sale occurred on March 1, 2006.
See Also
Sources of Information
- [1] Wikipedia