Wed, 06 May 2015 | BUSINESS SALE
Diageo is reportedly exploring a business sale of its wine division, which would include Sterling Vineyards and Blossom Hill.
The company, which is also behind big names such as Smirnoff and Guinness, has reportedly been witnessing growing levels of investor concern about its performance.
Sky News reported that a number of unidentified third parties have approached Diageo regarding the possibility of an acquisition.
A statement issued to the news agency read: “Diageo has a great wine business with great brands that are growing.
“We are sure there are many people who would love to own our wine business and we have received expressions of interest over the years. As you would expect we have a duty to consider any such interest carefully.”
The firm's wine brands only make up four per cent of the group's sales and are generally seen as a non-core section of its business.
The business was hit by a surprise fall in sales in the third quarter of 2014, which CEO Ivan Menezes attributed to “tough conditions in the emerging markets and subdued consumer demand in some developed markets”.
Sources have indicated that while a sale of the wine business might be useful for Diageo at this point if financial and other criteria aren't met the company will not feel compelled to go ahead with the sale of the business.
Read more about Diageo's earlier plans to dispose of its whisky businesses or view the latest businesses for sale.
Indoor trampoline park offering a wide variety of activities including, dodgeball, battlebeam, jump tower, interactive wall, bouldering wall, inflatables, Ninja warrior, basketball, toddler area, mini football pitch, dance school, tricking classes, s...
LEASEHOLD
Viewing: Thursday 23 May 2019 between 9am and 12 Noon. (By appointment only). Closes From 12 Noon Tuesday 28 May 2019.
Formal offers for the business as a whole to be received no later than 12 noon on Friday 24 May 2019. An opportunity exists to purchase the business and assets of a Recruitment Agency Start-up Business.
|
17
|
|
May
|
Greater Manchester staffing firm acquires security services company | BUSINESS SALE
A security services business headquartered in Newton-le-Will...
|
16
|
|
May
|
Midlothian IT company enters administration with assets up for sale | ADMINISTRATION
An Edinburgh-based IT firm has collapsed into administration...
|
15
|
|
May
|
Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE
Challenge TRG Group, headquartered in Wigan, has successfull...
Sign up to receive our acquisition alert emails to get your FREE guide
|
14
|
|
Oct
|
Diageo wine business sold | BUSINESS SALE
Diageo has negotiated a successful sale of its wine business...
|
02
|
|
Jul
|
Gleneagles Golf Club sold | BUSINESS SALE
Gleneagles Golf Club and Hotel has been sold to Ennismore, t...
|
26
|
|
Nov
|
Diageo considers putting whisky business up for sale | BUSINESS SALE
The world’s biggest Scotch whisky distiller, Diageo, c...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources