Tesco is among the bidders for Majestic Wine, which has been put up for sale by owner Fortress Investment Group, according to Sky News.
Tesco is among the bidders for Majestic Wine, which has been put up for sale by owner Fortress Investment Group, according to Sky News.
A rift between the major shareholders at SABMiller is widening as the deadline for AB InBev’s £70bn takeover approaches. Under UK Takeover Panel rules, if the bid isn’t formalised by 5pm Wednesday 14 October, then it must be withdrawn for at least six months. It is possible for the panel to agree an extension, but only with the approval of SABMiller’s board. SAB’s two largest…
Bottle manufacturer Encirc is expected to be snapped up by Spanish firm Vidrala in a takeover worth up to £400 million. Encirc, which makes bottles for a range of suppliers including Diageo and Britvic, traded as Quinn Glass until owner Sean Quinn lost control of the firm in 2011 when it went into receivership. The consortium of banks and investors that bought it have been…
Treasury Wine Estates has rejected a £1.7 billion takeover bid from private equity group Kohl Kravis Roberts. Treasury, which supplies more than 80 globally renowned brands including Wolf Blass, Lindemans, Beringer and Penfolds, considered the offer but decided it was too low. KKR put in a bid of £2.59 per share – a 15% premium on the close of play on Monday – and despite the…
The man who led Costcutter’s takeover of the Rhythm & Booze off-licence chain is predicting more consolidation in the convenience retailing sector. Nick Ivel, Costcutter chief executive and a director of parent company Bibby Retail Services when it bought R&B from its administrator in March last year, has been hired by accountancy firm KPMG to advise clients on their convenience store strategy. Ivel, who left…
