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January 20, 2006
Gallo ensures Cork goes with a bang
The historic Irish city of Cork is to be blown up later this week after it was purchased by the Californian wine merchants E. & J. Gallo.
It's this demand for the grapes of the Napa Valley, matched by the worldwide shortage of cork, which has seen Gallo make a number of surprising business moves in recent months. Popped Over Christmas the group made a hostile bid for Bathrooms R Us, a takeover which was rejected by the family firm when it emerged that Gallo were keen on breaking the company up, using their stock of cork bathmats for their own wine orientated purposes whilst selling the rest of the company to the highest bidder.
Cork is due to be blown up at 9pm BST on Sunday. Posted by damian at January 20, 2006 04:20 PM |
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