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Started By
Message
re: Sazerac in New Orleans pays $550 million to buy 19 Diageo liquor brands
Posted on 11/13/18 at 6:56 pm to Box Geauxrilla
Posted on 11/13/18 at 6:56 pm to Box Geauxrilla
Diageo owns liquor like gallo owns wine.
0
Posted on 11/13/18 at 6:56 pm to Box Geauxrilla
quote:
These frickers own half the bar.
And the other half is owned by Sazerac.
Posted on 11/13/18 at 7:08 pm to tgrbaitn08
[quote]quote: The wealthiest family in Louisiana by far is the Goldring family And it’s not even close [
Ever since that shipping family collapsed
Ever since that shipping family collapsed
Posted on 11/13/18 at 7:09 pm to choupiquesushi
quote:
Ever since that shipping family collapsed
Which one? Kearney? If that’s who you’re thinking of not even close
Posted on 11/13/18 at 7:10 pm to MrLSU
They are going to make variations of the absinthe Sazerac drink and overprice the shite out of it
Posted on 11/13/18 at 7:11 pm to fallguy_1978
quote:
Drinking a few cold beers and driving was pretty acceptable in South LA in the 80s
It isn’t now?
Posted on 11/13/18 at 7:13 pm to Box Geauxrilla
quote:
Diageo liquor brands
These frickers own half the bar. Take a look through, their portfolio, you may be surprised to see some of your favorites.
One of my favorite long term stock holdings. Pays dividends like an atm machine if you hold it long enough.
Posted on 11/13/18 at 7:13 pm to MrLSU
Secondary marking is going to be booming with the 2019 Seagrams Antique Collection.
Posted on 11/13/18 at 7:14 pm to Box Geauxrilla
quote:
Crown Royal
Johnnie Walker
Bulleit Bourbon
Ketel One
Smirnoff
Don Julio
Captain Morgan
But they aren’t buying those brands.
The brands they are buying are well brands.
However, $550mm doesn’t seem like a whole lot of money even for those 19 well liquors
Posted on 11/13/18 at 7:25 pm to tgrbaitn08
quote:
Sazerac in New Orleans pays $550 million to buy 19 Diageo liquor brands quote: Ever since that shipping family collapsed Which one? Kearney? If that’s who you’re thinking of not even close
Lykes
Was told several times in 70s 80s they were 1 or 2
Posted on 11/13/18 at 7:34 pm to Sao
I first started driving in the early 70’s. You could have a beer in your hand and wave to a cop and they would just wave back. When we would get pulled over late at night and visibly drunk the cop would either tell you to go straight home or follow you to make sure you made it there.
Posted on 11/13/18 at 7:40 pm to choupiquesushi
quote:
Lykes
Was told several times in 70s 80s they were 1 or 2
The Lykes family was on fire until mismanagement & greed set in among the family members. They were the third largest but solely dependent on government work.
Posted on 11/13/18 at 8:01 pm to MrLSU
The Goldrings are at it again
Posted on 11/13/18 at 8:09 pm to MrLSU
quote:the bayou bubba, Gary chouest, may disagree with this statement
The wealthiest family in Louisiana by far is the Goldring family
Posted on 11/13/18 at 8:15 pm to Cosmo
quote:
Whole lotta meh for half a billion
And yet they could buy andsell you, your wife, your kids and your whole family Many times over.
How’s that for meh?
Posted on 11/13/18 at 8:19 pm to Captain Crackysack
quote:
the bayou bubba, Gary chouest, may disagree with this statement
Chouest doesnt hold a candle to The Goldring empire.....they may be in 2nd place but it's a far 2nd.......not to mention the debt and low cash flow Chouest has, hurts his ranking
Posted on 11/13/18 at 8:25 pm to foj1981
quote:
I first started driving in the early 70’s. You could have a beer in your hand and wave to a cop and they would just wave back. When we would get pulled over late at night and visibly drunk the cop would either tell you to go straight home or follow you to make sure you made it there
And then MADD came along...
Posted on 11/13/18 at 8:26 pm to tgrbaitn08
I wouldnt go that far, even with the downturn in the energy sector it is still probably pretty close. There is only estimates but all the ones I have seen put the low end in the 4-5B range and the high end in the 14-16B. He owns several shipyards across the globe and several ports including Fourchon.
Posted on 11/13/18 at 8:40 pm to GREENHEAD22
Im very aware of what shipyards and ports they own....as well as how many vessels they own and how many vessels they have working and not working/stacked.....as well as the vessels that are for sale....more money going out than coming in......thankfully they will survive because of the very large Government contracts they have....
Yes, they have a lot of assets, including the Wildlife refuges in texas and africa....
Yes, they have a lot of assets, including the Wildlife refuges in texas and africa....
Posted on 11/13/18 at 8:44 pm to GREENHEAD22
Bill Goldring is in the 9 to 11 billion dollar range.
Chouest is in the low 1 billion dollar range.
Still a lot of money but no where in the same ball park.
Frank Stewart I would estimate is behind Goldring with around 2 billion that's how far ahead Goldring is.
I'm talking personal wealth not wealth that is leverage with corporate debt either.
Chouest is in the low 1 billion dollar range.
Still a lot of money but no where in the same ball park.
Frank Stewart I would estimate is behind Goldring with around 2 billion that's how far ahead Goldring is.
I'm talking personal wealth not wealth that is leverage with corporate debt either.
This post was edited on 11/13/18 at 8:46 pm
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