Suntory could build UK ‘bridgehead’ with GSK brands Ribena and Lucozade

 Breaking News
  • Guinness Remains Ireland’s Most Valuable Brand at €2.1 Billion Guinness remains Ireland’s most valuable brand after growing by 5% over the last year to a brand value of €2.1 billion on the back of new product innovations and steady sales of the world-famous draught, according to the latest report by Brand Finance, the world’s leading independent brand valuation and strategy consultancy. Guinness’s brand value has [...]...
  • New Décor Salt Convinces With a Crunchy Bite and High Stability When it comes to pretzels or salt sticks, the visual contrast between a dark crust and a rich salt décor is a mark of quality for most consumers. New Slow Milling® Pretzel Salt Light SG from GoodMills Innovation enables salt reduction in pretzel décor without the consumer noticing any visible difference. At the same time, [...]...
  • DuPont’s Microbiome Venture Announces Second Strategic Partnership Three months after its formation, the DuPont Nutrition & Health Microbiome Venture has announced its second strategic research and development partnership. The newly forged relationship with the Center of Food and Fermentation Technologies (TFTAK) in Tallinn, Estonia, will focus on developing cultivation and bioprocess capabilities for ‘next-generation’ probiotics. Last November, DuPont Nutrition & Health (DuPont) announced [...]...
  • JBT Announces Comprehensive Relaunch of Online Presence JBT Corporation, one of the world’s leading solutions providers for the food and beverage processing industries, has announced the comprehensive relaunch of its online presence, with the introduction of a redesigned flagship website. To better accommodate a range of solutions that includes not just core JBT products, but also innovations from its global businesses and [...]...
  • Building the Unilever of the Future Unilever has announced the next steps in its transformation into a simpler, more agile and more focused business. The changes are designed to further drive long-term performance and shareholder value, and build upon the company’s Connected 4 Growth programme. Unilever will simplify its corporate structure. This entails moving from two legal entities – Unilever NV and [...]...

Suntory could build UK ‘bridgehead’ with GSK brands Ribena and Lucozade

June 30
14:14 2013

GlaxoSmithKline’s (GSK’s) brands Lucozade and Ribena are tempting targets for Far Eastern trade players such as Suntory Holdings that wish to establish a bridgehead in the UK, says an M&A expert.

Sky News reported this morning that private equity firms Lion Capital and Blackstone had appointed bankers Rothschild to advise on a potential £1bn+ ($1.52bn) bid for the two GSK brands.

A Lion Capital spokeswoman told this BeverageDaily.com: “We are aware of the story. Lion Capital has a policy of not commenting on market or media-led speculation.”

Julian Wild, corporate finance partner at law firm Rollits, told BeverageDaily.com today that the rumors did not surprise him, given the firms’ experience in the food and beverage sphere.

‘£1bn looks like a very big figure’

In 2005 Lion and Blackstone teamed-up to buy Cadbury-Schweppes’ European beverages division, then sold it to Suntory in 2009 for circa. £1.5bn.

On whether £1bn+ represented fair value, Wild said: “I see that being rumoured, but my view is that those sort of numbers are always aspirational, and it looks like a very big figure to me. But they’re two very valuable brands, and I’m sure that there is going to be plenty of interest.”

In April BeverageDaily.com reported comments from another M&A specialist, Shaun Browne from McQueen, who said he thought the GSK businesses were more likely find a private equity buyer, as top multinational trade buyers would be turned off by brands with a predominantly UK footprint.


About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • March 18, 2018ProWein
  • March 21, 2018World Olive Oil Exhibition
  • March 28, 2018FOOD INDUSTRY
  • April 4, 2018The leading event for the snack and food-on-the-go market
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here