New York, NY – (April 21, 2005) – LAWFUEL – The Law News Network – Debevoise & Plimpton LLP is acting as counsel to Pernod Ricard S.A. in connection with Pernod Ricard’s acquisition of Allied Domecq plc for $14 billion, creating the second largest wine and spirits group worldwide. In connection with the transaction, which was announced today, Pernod Ricard has agreed to sell certain Allied Domecq brands and related assets to Fortune Brands Inc. for approximately $5.4 billion.
Pernod Ricard, based in France, is one of the world’s three leading players in the spirits and wine market, with brands including Chivas Regal, Seagram’s Gin and Jameson. Fortune Brands is a U.S.-based leading consumer brands company with major spirits and wine brands including Jim Beam Brands Worldwide, Inc. Allied Domecq plc is a UK-based marketing-led brands company, operating globally in spirits, premium wines and quick service restaurants, including spirit brands Ballantine’s, Beefeater, Kahlúa and Maker’s Mark and quick service restaurants Dunkin’ Donuts and Baskin-Robbins. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, London, Paris, Frankfurt, Washington, Moscow, Hong Kong and Shanghai.
The Debevoise team advising Pernod Ricard is led out of New York by M&A partner Paul S. Bird and antitrust partner Gary W. Kubek and includes partners William B. Beekman, David H. Bernstein and Seth L. Rosen in New York and Marc Castagnède and Pierre Clermontel in Paris and associates Timothy Bass, Cécile Beurrier, Kyra K. Bromley, Christian P. Mendoza, Margaret M. O’Neill and Michael Schaper in New York.