|
Grand Metropolitan PLC
Grand Metropolitan plc was a leisure, manufacturing and property conglomerate headquartered in England. The company was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it merged with Guinness plc to form Diageo in 1997. History 1934 to 1970s The business began in 1934 as a hotel business called ''MRMA Ltd'' (abbreviated from Mount Royal Metropolitan Association). Grand Hotels (Mayfair) Ltd, a business founded after World War II by Maxwell Joseph, merged with MRMA in 1957 and the combined business expanded rapidly under Joseph's leadership. It was first listed on the London Stock Exchange in 1961 and changed its name to Grand Metropolitan Hotels Ltd in 1962. It diversified into catering acquiring Bateman Catering in 1967 and then Midland Catering in 1968. It then bought Express Dairies in 1969, the Berni Inn chain, and the Mecca bingo halls in 1970. Next came its move into brewing, when in 1972 it bought Truman, Hanbury, Buxton & Co. an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guinness Brewery
St. James's Gate Brewery is a brewery founded in 1759 in Dublin, Ireland, by Arthur Guinness. The company is now a part of Diageo, a company formed from the merger of Guinness and Grand Metropolitan in 1997. The main product of the brewery is Draught Guinness. Originally leased in 1759 to Arthur Guinness at £45 per year for 9,000 years, the St. James's Gate area has been the home of Guinness ever since. It became the largest brewery in Ireland in 1838, and the largest in the world by 1886, with an annual output of 1.2 million barrels. Although no longer the largest brewery in the world, it remains as the largest brewer of stout. The company has since bought out the originally leased property, and during the 19th and early 20th centuries, the brewery owned most of the buildings in the surrounding area, including many streets of housing for brewery employees, and offices associated with the brewery. The brewery had its own power plant. There is an attached exhibition o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smirnoff Vodka
Smirnoff (; ) is a brand of vodka owned and produced by the British company Diageo. The Smirnoff brand began with a vodka distillery founded in Moscow by Pyotr Arsenievich Smirnov (1831–1898), but its modern incarnation traces back to the 1930s, by American liquor distributor Heublein. Distributed in 130 countries, it is manufactured in different countries depending on market, but is not currently produced in Russia or anywhere in Eastern Europe. Smirnoff products include vodka, flavoured vodka, and malt beverages. In 2014, Smirnoff was the best selling vodka around the world. The vodka is unaged, made using a traditional filtration method developed by P. A. Smirnov. Recipe No. 21 was created by Smirnov's son Vladimir after escaping Russia during the October Revolution. History Pyotr Arsenyevitch Smirnov (9 January 1831 – 29 November 1898) founded his vodka distillery in Moscow under the trade name PA Smirnov in 1864, pioneered charcoal filtration in the 1870s, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pillsbury Company
Pillsbury is an American brand of baking and dough products, marketed by General Mills and Brynwood Partners. Pillsbury products include refrigerated and frozen dough products, including the Toaster Strudel, marketed by General Mills; and shelf-stable flours and baking products marketed by Brynwood Partners. The brand originated in Minneapolis in 1869 with the founding of C. A. Pillsbury and Company, a flour mill on the banks of the Mississippi River. The company, later known as the Pillsbury Company, expanded into the restaurant and frozen foods businesses in the mid-20th century, and introduced the Pillsbury Doughboy mascot in 1965. Pillsbury was acquired by British conglomerate Grand Metropolitan in 1989, which divested the restaurant businesses and sold the company to General Mills in 2001. United States antitrust law, Antitrust concerns prevented General Mills from acquiring Pillsbury's flour and cake mix product lines, which were Corporate spin-off, spun off, bought by T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Hill (bookmaker)
William Hill is a British gambling company founded in 1934. Its product offering includes sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in London, with a satellite office in Malta. The company was previously listed on the London Stock Exchange until it was acquired by Caesars Entertainment (2020), Caesars Entertainment in April 2021. In July 2022, William Hill was subsequently bought by Evoke plc, 888 Holdings for £2.2 billion. History The company was founded by William Hill (businessman), William Hill in 1934. It changed hands many times, being acquired by Sears plc, Sears Holdings in 1971, then by Grand Metropolitan in 1988, then by Brent Walker in 1989. In September 1996, Brent Walker recouped £117m of the £685m it had paid for William Hill when Grand Metropolitan was found to have exaggerated the company's profits at the time of the sale. Japanese investment banking, investment bank Nomura Group, Nomura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heron International
Heron International is a British property development company. Founded in 1957 by the Ronson family, it came to prominence in the 1980s as the UK's second largest private company. After over extending itself in the 1990s, it was revived by Gerald Ronson, and has developed a building now known as 110 Bishopsgate, which was initially known as Heron Tower. Foundations Named after current Chief Executive Gerald Ronson's father Henry Ronson, Heron was a furniture manufacture and sales business. In 1954, aged 15, Henry's son Gerald joined the family firm, and at the age of 17 was put in charge of developing a new factory. When a mail-order firm put in an offer for the factory as it was approaching completion, Heron entered the property market. Heron Homes became one of the biggest house builders in the South of England. Developing into commercial property and office development, since the 1960s, Heron has developed 160 buildings in nine countries. During the 1970s and 1980s, Heron Intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brent Walker
Brent Walker was a British company involved in property, gambling, distilled beverages and pubs. In the 1970s, the company branched out into film production. It was founded by George Walker, the brother of the boxer Billy Walker. In 1991, following the accumulation of debts which had been used to finance acquisitions, George Walker was ousted from the company and its board sold its remaining investments under the supervision of its bankers. George Walker Born in London, George Walker career began as a porter at Billingsgate Fish Market. Like his brother, Walker became a boxer of the 1950s. Following his retirement from the ring he undertook a number of business ventures including Dolly's nightclub in London. Foundations of the company In 1974, Walker arranged a reverse takeover of Hackney and Hendon Greyhound Company, a stock market listed company, sold his own business interests to it and changed its name to Brent Walker. Using land from the Hendon Greyhound Stadium, Brent Wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Compass Group
Compass Group plc is a British multinational contract foodservice company headquartered in Chertsey, England. It is the largest contract foodservice company in Europe, ahead of Sodexo, employing over 500,000 people. It serves meals in locations including offices and factories, schools, universities, hospitals, major sports and cultural venues, mining camps, correctional facilities and offshore oil platforms. Compass Group is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index and is also a Fortune Global 500 company. History Origin Compass Group has its origins in a company which was founded by Jack Bateman in 1941 as Factory Canteens Limited; subsequently, the company became known as Bateman Catering. Bateman Catering and Midland Catering were acquired by conglomerate Grand Metropolitan in 1967 and 1968 respectively and a management buy-out from Grand Metropolitan followed in 1987 when the Compass Group was formed. Public listing Compass Group w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RJR Nabisco
R. J. Reynolds Nabisco, Inc., doing business as RJR Nabisco, was an American conglomerate, selling tobacco and food products, headquartered in the Calyon Building in Midtown Manhattan, New York City. R. J. Reynolds Nabisco stopped operating as a single entity in 1999. Both RJR (as R. J. Reynolds Tobacco Company) and Nabisco (now part of Mondelēz International) still exist. History RJR Nabisco was formed in 1985 by the merger of Nabisco Brands and R. J. Reynolds Tobacco Company. In 1988 RJR Nabisco was purchased by Kohlberg Kravis Roberts & Co. in what was at the time the largest leveraged buyout in history. In 1999, due to concerns about tobacco lawsuit liabilities, the tobacco business was spun off into a separate company and RJR Nabisco was renamed Nabisco Holdings Corporation. Nabisco is currently owned by Mondelēz International Inc. RJR Nabisco Holdings Corp. (NYSE: NGH) was the parent company of RJR Nabisco, Inc. After the food and tob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heublein
Heublein Inc. (also known as Heublein Spirits) was an American producer and distributor of alcoholic beverages and food throughout the 20th century. During the 1960s and 1970s its stock was regarded as one of the most stable financial investments, earning it inclusion in the Nifty Fifty. It was acquired in 1982 by the R. J. Reynolds Tobacco Company. Its successor, RJR Nabisco, began selling off many of Heublein's assets in the years that followed, with the Heublein division purchased by Grand Metropolitan in 1987. After more sell-offs of Heublein brands, Grand Metropolitan ceased using the name, incorporating the business into International Distillers & Vintners. History Heublein began as a restaurant founded in 1862 in Hartford, Connecticut, by Andrew Heublein, a German American entrepreneur. His two sons, Gilbert F. and Louis, soon joined the business. In 1875 they accepted a large order for pre-mixed martini and Manhattan cocktails for the annual picnic of the Governor' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bennett S
Bennett may refer to: People *Bennett (name), including a list of people with the surname and given name Places Canada * Bennett, Alberta *Bennett, British Columbia *Bennett Lake, in the British Columbia and Yukon Territory ** Bennett Range ** Bennett Lake Volcanic Complex United States *Bennett, Colorado *Bennett, Iowa * Bennett, Missouri * Bennett, North Carolina * Bennett, West Virginia * Bennett, Wisconsin, a town ** Bennett (community), Wisconsin, an unincorporated community *Bennett County, South Dakota *Bennett Mountain, in the Sonoma Mountains, California **Bennett Valley *Bennett Township (other) Elsewhere *Bennett Island, in the East Siberian Sea * Bennett Islands, Antarctica Education *Bennett College, in Greensboro, North Carolina,U.S. *Bennett College (New York), U.S. *Bennett High School (other) *Bennett Middle School, Salisbury, Maryland, U.S. *Bennett Memorial Diocesan School, Tunbridge Wells, Kent, England *Bennett University, Greater Noida, Ut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intercontinental Hotels
InterContinental Hotels & Resorts by IHG is a British-American luxury hotel brand created in 1946 by Pan Am founder Juan Trippe. It has been part of UK-based InterContinental Hotels Group since 1998. As of January 2023, there were 208 InterContinental hotels worldwide, with 70,287 rooms. History Early years In 1945, U.S. President Franklin D. Roosevelt and Juan Trippe, President of Pan Am, discussed their concern for Latin America's need for development funds at a White House breakfast. The two men thought that one way to attract businessmen and tourists would be to offer luxury hotels in key cities. Trippe contacted Statler Hotels' chief executive H.B. Callis, and his company undertook a feasibility study, but the company decided the program would be too expensive. Trippe contacted multiple other US hotel chains, but none showed interest. Roosevelt requested that Pan Am take the lead in developing 5000 hotel rooms in Latin America, with a projected cost of $50,000,000. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
