Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Commission receives separate clearance application

15 June 2005

Commission receives separate clearance applications from Pernod Ricard and Fortune Brands

The Commerce Commission has received an application from Pernod Ricard S.A. (Pernod) seeking clearance to acquire the entire share capital of Allied Domecq plc (Allied).

The Commission has also received a separate application from Fortune Brands, Inc. (Fortune) seeking clearance to acquire certain Allied brands and assets from Pernod. This acquisition is conditional on Pernod's acquisition of Allied.

Pernod is a publicly listed French company that produces and distributes wine and spirits. In New Zealand, Pernod's primary wine brands are Jacob's Creek and Wyndham Estate and its spirits brands include Ricard, Pernod, Chivas Regal Scotch whiskey, Jameson's Irish whiskey and Seagrams gin.

Allied is a publicly listed English company that also produces and distributes wine and spirits. In New Zealand, Allied's primary wine brands are Montana and Corbans and its spirits brands include Teachers Scotch whiskey, Beefeater gin and Seagers gin.

Fortune is a publicly listed American company that produces and distribute a range of consumer goods, including wine and spirits. In New Zealand, Fortune's primary brand in the wine and spirit category is Jim Beam whiskey. Fortune does not currently supply any wine in New Zealand.

In considering these applications, the Commission's role is to determine whether any of the proposed acquisitions has the effect of substantially lessening competition in a New Zealand market.

The Commerce Act requires the Commission to make a decision within 10 working days of registering the application unless a longer period is agreed between the Commission and the applicant.

A public version of each of the applications will shortly be available on the Commission's website www.comcom.govt.nz under Public Registers.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news