BUSINESSWEEK ONLINE : JULY 31, 2000 ISSUE
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INTERNATIONAL -- EUROPEAN BUSINESS Walsh's Recipe for Growth FORGET FOODS Rising competition in the food industry leads to a $10.5 billion merger between Pillsbury and General Mills and the proposed flotation of 20% of Burger King. FOCUS ON BOOZE By merging Diageo's UDV wine and spirits operations with its Guinness brewing subsidiary, Walsh hopes to increase share and cut costs. ACQUISITIONS With more cash on hand, Walsh plans to buy premium labels to add to its high-margin beverage portfolio. Likely targets: Seagram's Captain Morgan rum and Martell cognac. DATA: BUSINESS WEEK, COMPANY REPORTS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Diageo Hits the Bottle (int'l edition) TABLE: Walsh's Recipe for Growth INTERACT E-Mail to Business Week Online

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