The search by major players in the drinks business for a way into the lucrative US wine business suffered a setback this week when Kendall-Jackson took itself off the market. Contenders for the business included Diageo, Allied Domecq, Brown Forman and BRL Hardy. Chief executive Lewis Platt said takeover and merger discussions had now ended. He said: "We believe these proposals indicate Kendall-Jackson is very well thought of as a company, but we also believe that remaining an independent family owned winery is the best choice." There is now speculation that Constellation Brands, which owns Matthew Clark in the UK, will become the new target. {{NEWS }}

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