Word: domecq
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Foster's Group of Australia bought Napa-based Beringer Blass Wine Estates in 2000 for $1.5 billion, and for the first time last year, the quintessential global beer company sold more wine ($1.04 billion) than beer ($931.9 million). Allied Domecq of Britain, which already owned Clos du Bois in Napa as well as wineries in Argentina and New Zealand, last September paid $275 million for Spain's largest wine producer, Bodegas y Bebidas...
Europeans tend to think of doughnuts as being leaden and greasy, and easily bypassed in favor of a flaky croissant or a properly made scone slathered in fresh cream and strawberry jam. Consider Dunkin' Donuts, owned by the British beverage company Allied Domecq. It doesn't release separate figures for its European shops, but they're not considered a success. "I'd be amazed if Dunkin' Donuts makes any money at all in Europe," says Andrew Holland, an ABN AMRO analyst in London. Indeed, Dunkin' Donuts closed its last U.K. outlet earlier this year. But the quality of Krispy Kreme...
...bidding adieu to its wine and liquor empire, which features brands like Captain Morgan rum and Chivas Regal Scotch and could fetch anywhere from $5 billion to $10 billion. Bottled spirits are much too ancien regime--and besides, you can't download rum. The likely buyer: Britain's Allied Domecq...
...Tequila Fancy. International customers were soon savoring formerly inaccessible brands like Centinela, Lapiz and Gran Centenario. A string of new multinational players in the market also helped. Over the past five years, giants like Brown-Forman and Seagram (Tequila Don Julio) and powerhouses Diageo (Cuervo's distributor) and Allied Domecq (Sauza's) have bought tequila distilleries in Mexico or gone into partnerships there in order to create new products. Tequila's cachet has also attracted such smaller spiritmakers as Pernod Ricard, which bought Mexico's boutique Tequila Viuda de Romero in January...
With self-important earnestness, Domecq ticks off a whole catalogue of such deluded poseurs. There is F.J.C. Loomis, whose dislike of metaphors leads him to compose-laboriously-one-word poems (Domecq explains that his "Beret" had a poor reception, "perhaps attributable to the demands it makes on the reader of having to learn French"). There is Santiago Ginsberg, a poet who assigns private meanings to public words ("mailbox," to him, translates as "accidental, fortuitous, incompatible with a cosmos"). Adalberto Vilaseco devotes his career to publishing the same poem under different titles. Forbidden by his religion from drawing likenesses...