UK: Glenmorangie, the malt whisky company, is expected to be sold this week to either Pernod Ricard or luxury goods firm LMVH. The controlling Macdonald family accepted four bids of £285-£300 million late last week, with Pernod emerging as an early favourite due to its financial clout.

But LMVH could yet clinch the deal with a guarantee over the firm’s 250 Scottish jobs, an issue which is set to play a crucial part in discussions on the takeover.

12 October, 2004