British Firm to Sells Liquor Division: Whitbread...
From Times Staff and Wire Reports
British Firm to Sells Liquor Division: Whitbread & Co., a British brewer, said it is selling its liquor division to Allied-Lyons PLC, a major British liquor company, for the equivalent of $877 million. The deal is expected to be completed in January. Whitbread’s liquor division is made up of two main companies, James Burrough Distillers, which produces brands such as Beefeater Gin and Long John Scotch whiskey, and the Buckingham Wine Co., which imports and distributes wines and liquors in the United States. Whitbread’s 85% holding in the Atlas Peak Vineyards in California, as well as Julius Wile Napa Californian wines, are included in the deal.
