The $40 Billion Disaster: Why Brand Will Eat the Pernod & Brown-Forman Merger Synergies for Breakfast
by Yitzchak Grant Word on the street is that Pernod Ricard and Brown-Forman are discussing a "merger of equals." On paper, the financial and operational synergies are a spreadsheet dream. You combine Pernod’s massive global distribution footprint with Brown-Forman’s heavyweight…