Vivian Imerman eyes Whyte & Mackay acquisition as Diageo agrees to sell over competition concerns
Friday 29 November 2013
Vivian Imerman, the man from Del Monte, has said he would be keen to buy Scotch whisky brand Whyte & Mackay from Diageo, after the drinks giant said it would sell the company to satisfy an Office for Fair Trading investigation.
Diageo, which produces Bells, had been accused of controlling too much of the blended Scotch whisky market after it recently bought a 25 per cent stake in United Distillers, which bought Whyte & Mackay from Imerman back in 2007.
The company offered to sell the brand and today Imerman said he would take it off Diageo’s hands.
His private-equity firm, Vasari, said in a statement: “Whyte & Mackay would make an important addition to the portfolio of spirits and beer businesses in Africa and Asia where Mr Imerman has been concentrating his efforts.”
He sold the company to United Distillers in 2007 for £595 million, making a £400 million return on his initial investment.
A five-year restraint clause was put into the sale, meaning he could not offer to buy the business back over that time. It expired last year.
Imerman is best known for his time as chief executive of Del Monte and hit the news earlier this year following his £15 million divorce battle with Lisa Tchenguiz, sister of business tycoons Robert and Vincent.
Children's bookseller wins The Independent's new author search
Board creates magnetic field to achieve lift
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Banksy arrest hoax: Internet duped by fake online report claiming artist's identity has been revealed
- 3 Former East 17 frontman Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Paralysed man Darek Fidyka walks again after treatment by British doctors on brink of 'cure'
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Oscar de la Renta dead: Legendary US fashion designer dies after long cancer battle aged 82
Oscar Pistorius: The brutal prison life that awaits disgraced athlete
Banksy arrest hoax: Internet duped by fake online report claiming artist's identity has been revealed
Super-sized ships arrive in Britain: How big can they get?
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Jose Manuel Barroso warns David Cameron against making 'historic mistake' over immigration reforms
Worst Airports of 2014: Poll names Islamabad airport in Pakistan worst in the world
iJobs Money & Business
£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...
£27000 per annum + pension, 22 days holiday: Ashdown Group: An established ind...
£23000 - £26000 Per Annum: Clearwater People Solutions Ltd: Our client is curr...
£25 - 30k: Guru Careers: A Corporate Actions Administrator / Operations Admini...