MARC HASENFUSS: Just the tonic Capevin needed
A R1bn price tag for its key Gordon’s Gin brand wasn’t such pie in the sky after all, but please could Capevin be a little more transparent?
If whisky makes you frisky does gin make you spin? I ask this on behalf of the hardy bunch of Capevin shareholders who have endured a rather uncomfortable silence since I reported in May that the unlisted liquor group was in the middle of a proposed deal to sell the Southern African distribution rights to Gordon’s Gin to international drink brands giant Diageo.
At the time, reference was made to a liquor sector insider who had speculated that Capevin, which has investment giant Remgro as an anchor shareholder, could bank as much as R1bn in the deal. There were more than a few messages from readers asking whether I was sober when I wrote the article. ..
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