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Pernod Ricard and Brown-Forman End Deal Talks - WSJ
Overview
Pernod Ricard and Brown-Forman have ended talks about a potential combination that the companies announced they were exploring in March. The discussions would have paired Pernod Ricard’s global spirits portfolio with Brown-Forman, maker of Jack Daniel’s. The collapse of the talks highlights how strategic, valuation and regulatory issues can derail large consumer deals. It also comes amid a wave of high-profile merger conversations across food, beverage and beauty sectors, some of which have progressed while others have stalled.
Entities
ORGThe Wall Street JournalORGPernod RicardORGBrown-FormanORGJack Daniel'sDow Jones & Company, Inc.
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