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United Spirits
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Pernod Ricard Completes Sale of Domecq Brandies and Wines
Apr 5, 2017Pernod Ricard has completed the sale of Domecq brandies and wines to Bodega Las Copas, a joint venture between Emperador Group and González Byass, for €81m. The sale includes Pernod Ricard’s portfolio of brandies ...
Tags: Pernod Ricard, Wines
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Diageo Plans to Challenge USL Chairman Vijay Mallya's Joint Venture Claim
Feb 5, 2016UK-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
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UB Group Seeks Buyer for United Spirits Stake Worth $331m
Nov 11, 2015India-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
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Diageo's Indian Unit United Spirits to Scale Down 150 Brands to Streamline Business
Nov 2, 2015Diageo’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 ...
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Oriental Containers Is Acquired by Oricon Enterprises
Apr 1, 2015Marine logistics company Oricon Enterprises (OEL), a flagship company of Parijat Enterprises, will be acquiring 70% stake in India-based Oriental Containers for $16.77m (INR105cr). OEL will buy the company from its Mauritius-based joint ...
Tags: OEL, water closures, Packaging
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Pernod Ricard Intends to Borrow up to $240.4m in The Indian Spirits Market
Mar 24, 2015Pernod Ricard intends to borrow up to $240.4m in a bid to break the dominance of Diageo-controlled United Spirits's share in the Indian spirits market. United Spirits holds one third of the share in the Indian market. Without ...
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United Spirits Has Secured Minority Shareholders' Approval to Produce
Jan 13, 2015Diageo-owned Indian alcoholic beverages subsidiary United Spirits has secured minority shareholders' approval to produce and sell Johnnie Walker whisky, Smirnoff vodka and other brands. The Press Trust of India reported that United ...
Tags: whisky, alcoholic beverages, Agriculture
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ED Completes The Previously Announced Acquisition of Diageo's W&M for 430m Pounds
Nov 12, 2014Emperador Distillers, the Philippines-based hard liquor unit of Alliance Global Group, has completed the previously announced acquisition of Diageo’s Whyte & Mackay whiskey business for £430m. Scope of the transaction also ...
Tags: Whyte&Mackay products, whisky drinking culture, Agriculture
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United Spirits Is Planning to Divest Two Distilleries in The States of Andhra Pradesh
Oct 23, 2014Diageo-owned Indian alcoholic beverages company United Spirits is planning to divest two distilleries in the states of Andhra Pradesh and Kerala. The move is in line with the company's strategy to boost its resources by cutting down ...
Tags: United Spirits, Distilleries, Food
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Diageo Has Confirmed It Is Considering Selling Most of W&M Whisky Distilleries
Nov 26, 2013Global drinks giant Diageo has confirmed it is considering selling most of the Whyte & Mackay (W&M) whisky distilleries it gained by taking over India’s United Spirits. Diageo is offering a deal to offset competition concerns about ...
Tags: Diageo, mull, sale, Whyte&Mackay distillery
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Diageo Delivered 3.1% Organic Net Sales Growth with Volume up 0.6%
Oct 21, 2013In the three months ended 30 September 2013 Diageo delivered 3.1% organic net sales growth with volume up 0.6%. Reported net sales were flat for the quarter mainly reflecting the termination of the distribution agreement for Jose Cuervo. ...
Tags: Management Statement, Food
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Diageo Is Set to Sign an Agreement with India-Based Named United Spirits
Sep 17, 2013UK-based spirits maker Diageo is set to sign an agreement with India-based United Spirits, in which its owns 25.02% stake. Under the terms of the agreement, United Spirits will sell Diageo brands in India, effective October 2013. ...
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Diageo Agreed to Buy 27.4% Controlling Stake in Usl in Three-Step Transaction
May 28, 2013Drink giant Diageo has moved closer to gain control over India-based United Spirits Limited (USL) after having purchased 10% of the proposed 53.4% stake in USL for £300m through its wholly-owned subsidiary Relay BV. Following the ...
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Food and Drink Deals Dominated Large-Scale Merger and Acquisition Activity in The UK
Jan 8, 2013Food and drink deals, particularly the acquisition of Weetabix by China's Bright Food Group, dominated large-scale merger and acquisition activity in the UK in 2012, a new report by Experian shows. Food and drink was the most active ...
Tags: food, drink, acquisition, Bright Food Group
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M&A in Food Manufacturing Sector Helped to Set a Three-Year Record for UK Economy
Jan 8, 2013Mergers and acquisitions (M&A) in the UK food and drink manufacturing sector last year helped to set a three-year record for the UK economy, according to information services company Experian. A key contributor to last year’s ...
Tags: UK, food, drink manufacturing, UK economy