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Diageo accused of breaking competition law
Turkey’s competition board has announced it is to investigate Diageo’s Mey Icki spirits group. It is claimed that the company, acquired by Diageo in 2011 for US$2.1 billion, has breached competition...
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Diageo now waiting for regulator approval in £1.2bn United Spirits deal
The Competition Commission of India (CCI) has approved Diageo’s £1.2 billion deal to buy a 53.4% stake in United Spirits, but the bid is still subject to approval by the market regulator, the...
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Diageo’s initial United offer is rebuffed
Diageo’s offer to buy a 26% stake in United Spirits (USL), the dominant spirits group in the Indian market, has been rebuffed by shareholders, according to reports from Mumbai. Diageo offered 1,440...
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United Spirits soars on Diageo deal
United Spirits and its brewing wing hit new highs on the Bombay stock exchange yesterday as Diageo closed its acquisition deal of a further 14% of the company. The struggling Indian drinks group saw...
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Mallya quits Whyte & Mackay board
Indian tycoon Vijay Mallya and several prominent directors have quit the board of Whyte & Mackay in a surprise move. According to Herald Scotland, Mallya as well as chief executive John Beard and...
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As companies expand, how can they patrol local markets?
High value products and corruption are common partners. That is why the global spirits producers have to be vigilant about what their employees around the world do in their name, especially in some...
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Suntory to bid for Whyte & Mackay?
An Indian news channel has claimed Suntory has offered to buy United Spirits’ Whyte & Mackay whisky arm. The Japanese company recently became the world’s third largest spirits company with a US$16...
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Emperador buys Whyte & MacKay for £430m
United Spirits Ltd (USL) has confirmed the sale of its Whyte & Mackay Scotch whisky brand to the Philippines-based drinks manufacturer, Emperador. The deal was sealed for £430 million ($726...
View ArticleDiageo and SABMiller merger rumoured
Diageo and SABMiller are enjoying a rise in their stock ratings on the FTSE 100 amid rumours that the companies may merge. Source: The Drinks Business View Original article Author: Neal Baker
View ArticleUSL boss faces losing place on board
The boss of Indian producer United Spirits may have to quit the company’s board if he is found to be a “wilful defaulter” over the company’s outstanding debts. Source: The Drinks Business View Original...
View ArticleInquiry launched over £445 million USL loss
United Spirits has revealed a net loss of £445 million having finally released its end of year results, prompting majority owner Diageo to launch an investigation. Source: The Drinks Business View...
View ArticleVijay Mallya re-appointed chairman of USL
Billionaire Vijay Mallya has been re-elected chairman of United Spirits despite being declared a “willful defaulter” last month. Source: The Drinks Business View Original article Author: Lauren Eads
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