Word: cavenham
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Dates: during 1972-1972
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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...