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BUSINESS
October 16, 1997 | From Bloomberg News
The $37.3-billion merger of Grand Metropolitan and Guinness was cleared Wednesday by the European Commission after the companies agreed to give up some Scotch brands in Europe, paving the way for the creation of the world's largest liquor company. The commission, the executive agency of the European Union, cleared the merger on condition the British companies dispose of the distribution of Dewar's and Ainslie's Scotch in Europe.
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NEWS
December 3, 2000 | CAROL J. WILLIAMS, TIMES STAFF WRITER
Sweden's 150-year-old temperance movement has been so successful in wresting this country from the Vodka Belt, people like to say that more Swedes live from alcohol now than die from it. With Europe's highest taxes on tipples, the welfare state's coffers get an annual infusion of $1.3 billion from drink sales--and the resulting high prices have depressed consumption and alcohol-related deaths and illnesses to one of the lowest levels in the developed world.
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NEWS
December 3, 2000 | CAROL J. WILLIAMS, TIMES STAFF WRITER
Sweden's 150-year-old temperance movement has been so successful in wresting this country from the Vodka Belt, people like to say that more Swedes live from alcohol now than die from it. With Europe's highest taxes on tipples, the welfare state's coffers get an annual infusion of $1.3 billion from drink sales--and the resulting high prices have depressed consumption and alcohol-related deaths and illnesses to one of the lowest levels in the developed world.
BUSINESS
October 16, 1997 | From Bloomberg News
The $37.3-billion merger of Grand Metropolitan and Guinness was cleared Wednesday by the European Commission after the companies agreed to give up some Scotch brands in Europe, paving the way for the creation of the world's largest liquor company. The commission, the executive agency of the European Union, cleared the merger on condition the British companies dispose of the distribution of Dewar's and Ainslie's Scotch in Europe.
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