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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).Competition Commission Report 1983 Grand Hotels (Mayfair) Ltd, a business founded after by , merged with MRMA in 1 ... [...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). It is distributed in 130 countries. 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, and by 1886 had captured two-thirds of the market in Moscow by virtue of the first use of newspaper advertising while suppressing clerical calls for temperance by generously contributing to the clergy. Russian royalty reportedly re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wimpy (restaurant)
Wimpy is a fast-food chain that was founded in the United States. It found its success internationally, mainly in the United Kingdom and South Africa. It has changed between being a table-service establishment and counter-service establishment throughout its history. The chain was founded in Bloomington, Indiana, by Edward Gold in 1934 as Wimpy Grills, with the chain in the United States hitting its peak with 26 locations in 1947. In 1954, Gold signed a license with J. Lyons and Co. for them to operate Wimpy Bar across the United Kingdom, with further international agreements a few years later through its subsidiary company, Wimpy International. By 1977, there were only seven Wimpy locations in the United States, which all folded following Gold's passing in that year. Despite the brand's demise domestically, the chain would peak at 1,500 international locations the following year. The company was sold to United Biscuits in 1977, and then to Grand Metropolitan in 1989. Grand M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burger King
Burger King (BK) is an American-based multinational chain store, chain of hamburger fast food restaurants. Headquartered in Miami-Dade County, Florida, the company was founded in 1953 as Insta-Burger King, a Jacksonville, Florida–based restaurant chain. After Insta-Burger King ran into financial difficulties in 1954, its two Miami-based franchisees David Edgerton (1927–2018) and James McLamore (1926–1996) purchased the company and renamed it "Burger King". Over the next half-century, the company changed hands four times and its third set of owners, a partnership of TPG Capital, Bain Capital, and Goldman Sachs Capital Partners took it public in 2002. In late 2010, 3G Capital of Brazil acquired a majority stake in the company, in a deal valued at US$3.26 billion. The new owners promptly initiated a restructuring of the company to reverse its fortunes. 3G, along with partner Berkshire Hathaway, eventually merged the company with the Canadian-based doughnut chain Tim Hortons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pillsbury Company
The Pillsbury Company is a Minneapolis, Minnesota-based company that was one of the world's largest producers of cereal, grain and other foodstuffs until it was bought by General Mills in 2001. General Mills brands consist of Annie's, Betty Crocker, Nature Valley, Yoplait, Haagen-Dazs, and Blue Buffalo. It also has ownership in various cereal products including Cheerios, Chex, Lucky Charms, Trix, and Cocoa Puffs. Antitrust law required General Mills to sell off some of the products, so the company kept the rights to refrigerated and frozen Pillsbury branded products, while dry baking products and frosting were sold to the Orrville, Ohio–based The J.M. Smucker Company, Smucker company under license. Brynwood Partners agreed to purchase Pillsbury from Smuckers for 375 million in July 2018. In September 2018, the sale was completed along with other brands including Martha White and Hungry Jack. Advertising company Leo Burnett Worldwide created Pillsbury's Pillsbury Doughboy, Dough ... [...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. The business is split into two divisions, UK and International. UK operations are conducted from its headquarters in London, alongside satellite offices in Leeds and Gibraltar, while its International business operates from its hub in Malta. The company was previously listed on the London Stock Exchange until it was acquired by Caesars Entertainment in April 2021. In July 2022, William Hill was subsequently acquired by 888 Holdings for £2.2 billion. History The company was founded by William Hill in 1934. It changed hands many times, being acquired by 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 were found to have exaggerated the company's profits at the time of the ... [...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 Interna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brent Walker
Brent Walker was a British company involved in property, gambling, distilled beverages and pubs. 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 Walker entered into a joint venture with Hammerson Estates to dev ... [...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 the world 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. It 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 and which subsequently 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 was first listed on th ... [...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 buyout 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] |
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. 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's Foot Guard. Rain forced the event's cancellation. When a restaurant employee whom the brothers had instructed to dispose of the canceled cocktails several days later determined them to have withstood shelf storage safely, they began selling the pre-mixed cocktails from the restaurant. So popular were the ready-made cocktails that Heublein built a distillery just to satisfy the demand. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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