Word: cavenham
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Dates: during 1970-1979
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James Michael ("Jimmy") Goldsmith, 43, is the flamboyant, ardently Tory chairman of Britain's huge Cavenham food empire, third largest in Europe. Last month quite a few British eyebrows were raised when London's right-wing Daily Express reported that Harold Wilson had recommended Goldsmith for a peerage in the resignation honors list customarily submitted by Prime Ministers leaving office. Peerages, as well as lesser awards, are usually given to individuals who have rendered outstanding service either to the P.M. personally or to the country as a whole. But what possible public service...
Goldsmith rendered to anyone other than the shareholders of Cavenham, Ltd.? Speculation intensified following press reports that the Political Honors Scrutiny Committee, which must approve political nominations, objected to three of Wilson's candidates...
...entrepreneurs, Goldsmith is by far the best known, both for his aggressive business style and his uninhibited private life. Raised in France and educated in Eton, where he was a successful afterhours bookmaker, Goldsmith since 1965 has expanded Cavenham from a modest confectionery maker to a multinational with sales in 1975 of $3.1 billion. For years, Goldsmith has maintained a highly visible double life; he has a wife and two children in Paris, plus a mistress (Lady Annabel Birley, after whom London's upper-crusty discotheque and dining club "Annabel's" is named) and two more children...
James Goldsmith, 39, is a true multinational man. Born in Paris of a British father and a French mother, he speaks both languages fluently, divides his time between homes in England and France, and holds passports of both nations. Goldsmith's $1.4 billion-a-year Cavenham Foods empire-Europe's third largest food processor after Unilever and Nestlé-also straddles the English Channel...
...started cooking up his empire of edibles in 1965, when he catered to both the sweet tooth and the weight-consciousness of Britons by forming Cavenham Foods as a diversified maker of candy and diet products. Following the recipes of Jim Slater and other British takeover specialists, Goldsmith began buying troubled foodmakers and selling off their undervalued surplus assets. He surprised British financiers by buying Bovril, maker of Britain's best-known beef extract, for $50 million in June 1971. Since then the price of Cavenham shares has tripled...