UK-based drinks company Diageo has proposed to increase stake in Chinese spirits firm Sichuan Shuijingfang Company (SJF) and take majority control of the company. Diageo approached the board of directors of SJF with a proposal for a ...
Dublin-headquartered cider manufacturer C&C Group reported a 14.4% decline in its net revenue to €307m for the first half of this year, compared to €358.6m for the same period in 2015. The company registered a 12.0% decrease in ...
Constellation Brands said it will submit a proposal to the US Department of Justice to acquire a brewery operation from Grupo Modelo, a subsidiary of Anheuser-Busch InBev SA/NV, for $600m. Located in Obregon, the brewery is expected to ...
Anheseur-Busch InBev (AB InBev) has offered to sell SABMiller’s Eastern European brewing assets to gain regulatory approval for its £71bn merger with the UK drinks company. The Belgium brewer has submitted an updated ...
Tags: AB InBev, EC Approval
Japanese drinks company Asahi Group has agreed to acquire SABMiller’s Peroni, Grolsch, Meantime brands for $2.9bn, clearing another hurdle for the Anheuser-Busch InBev and SABMiller’s $108bn merger. The acquisition is ...
Tags: Asahi Group, Acquisition, SABMiller, Merger
UK-based drinks company Diageo has reportedly said that it would challenge the claim by its Indian subsidiary United Spirits Ltd (USL) chairman Vijay Mallya, who alleged that Diageo failed to enter into a joint venture with him in the ...
Tags: emerging markets, Diageo, drinks
UK-based drinks company Diageo has completed the sale of Jamaican lager Red Stripe to Heineken for $780.5m. The deal, which was announced in October, entails Diageo offloading its brewing companies in Jamaica, Malaysia and Singapore, to ...
Tags: Diageo, Jamaican lager Red Stripe, Food
Terlato Wine Group and South Africa-based drinks company Distell Group Limited will merge two divisions of the respective companies - Terlato’s Artisan Spirits division with Distell’s US spirits division, to form a new joint ...
India-based United Breweries Group is seeking a buyer for its residual 4% stake in United Spirits worth Rs 22bn ($331m) to repay its loans. The development may also see its chairman Vijay Mallya quit his position in United Spirits by ...
Tags: UB Group, United Spirits
Diageo’s Indian unit United Spirits is planning to cut down around 150 of its brands to focus on better performing brands and strengthen its business in a market that is seemingly dominated by local, cheaper brands. The British ...
London-based Diageo and Dutch firm Heineken plan to exchange brewing assets in emerging markets, a move which will help Diageo generate a profit of £440m ($671m). Diageo is divesting its stakes in its joint ventures in Jamaica and ...
Global energy drinks company Red Bull has seen its profits in Australia drop for the third year in a row. Red Bull has battled to keep its top place in the Australian market, with strong competition from energy drink V, which is owned by ...
Tags: energy drinks, Red Bull
Australian drinks company Coca-Cola Amatil Ltd’s underlying profit declined by a quarter (25.3%) to AUD375.5m ($292.8m) in the 12 months ending December due to drop in volumes of soft drinks. The firm's core brands saw dip in sales ...
Soft drinks company Postobon has received approval from Colombia's financial regulator to produce and sell Heineken beer in the country, under a partnership with Heineken's Chilean affiliate Compania Cervecerias Unidas (CCU). This move ...
Tags: Postobon, Heineken Beer
UK-based Bibendum Wine has merged with wine and beer importer PLB Group to form the Bibendum PLB Group. The new group has formed with five trading companies including Bibendum trading arms, and the Wondering Wine Company and Instil ...