United Spirits sells Four Seasons wines business to Grover Zampa Vineyards

INDIA – United Spirits Limited (USL), the Indian subsidiary of the global liquor company, Diageo has entered into a share purchase agreement for the sale of its entire equity share capital in its wholly owned subsidiary Four Seasons Wines (FSWL) to Grover Zampa Vineyards and Quintela Assets. The sale also includes all associated brands and…

Diageo to build US$130m whiskey distillery in Kentucky, US

USA – The world’s spirits major, Diageo plans to build distilled spirits manufacturing facility in Kentucky,the United States to increase production of whiskey categories in the market. The facility includes a distillery and warehousing on an approximately 144-acre site at Lebanon in Marion County with a goal to start production in 2021. According to the…

Kenya Breweries seeks to increase local sorghum supply for Kisumu brewery

KENYA – Kenya Breweries Limited (KBL), a subsidiary of the British alcoholic beverages company Diageo is turning to sorghum farmers in Kakamega County to increase supply of the commodity for its soon to be opened brewery in Kisumu. The brewer has started a pilot program for local sorghum sourcing in Lugari Constituency. Success of the…

Diageo sells portfolio of nine brands to Sazerac for US$550m

USA – The British multinational alcoholic beverages company has agreed the sale of nineteen brands to a privately held American alcoholic beverage company, Sazerac for a consideration of US$550 million. Diageo has also entered into long-term supply contracts with Sazerac on completion for five of the brands each for a period of ten years. Supply…

Diageo India sells office space in Bengaluru to DivyaSree Group

INDIA - World’s spirit major and beer maker Diageo plans to sell its 30,000 sq. ft. of UB Tower prime office space in Bengaluru to DivyaSree Group for US$380.41 per sq. ft. The deal, reported to be the highest ever fetched in the city’s office market will see Diageo sell and lease back the space…

Diageo adds new black raspberry Ciroc to vodka portfolio

UK – Diageo, a British multinational alcoholic beverages company, has revealed an extension of its “ultra-premium” Cîroc vodka portfolio with the limited-edition black raspberry variant. According to FoodBev, Cîroc black raspberry infuses five times distilled vodka with “the delicate natural flavours of fresh, crushed black raspberry essence to create a distinct smooth finish”. “We’re incredibly…

Diageo Ethiopia launches code system to spot counterfeit whisky

ETHIOPIA - Diageo Ethiopia, the owner of Meta Abo Brewery has launched a QR code system, an application that allows consumers to identify counterfeit whisky as well as authorized importers and distributors of the products, Addis Fortune has reported. Introduced by Diageo International, the parent company three years ago, the system enables consumers to scan…

Diageo invests in a new Guinness brewery in Maryland, USA

USA – Diageo, a British multinational alcoholic beverages company, has invested in a new Guinness brewery outside of Baltimore, Maryland which represents the first Guinness brewing operation on U.S. soil in more than 60 years. According to Guinness, the brewery will attract more than 300,000 visitors in its first year of operation. In addition to…

United Spirits’ premium alcohol segment help push profits 29% higher

INDIA - United Spirits, a subsidiary of Diageo and India’s largest spirits manufacturer has reported 29% increase in profits to US$11.80 million helped by strong growth in premium alcohol segment in the first quarter, ET Retail reported. For the three months ended 30 June, net sales rose by 13% attributed to strong performance in the…

Diageo reports strong performance with net sales of US$14.24b in 2018 preliminary results

UK – Diageo, a British multinational alcoholic beverages company, has reported strong performance with net sales US$14.24 billion reflecting consistent and rigorous execution of our strategy. The company reported net sales US$14.24 billion and operating profit US$4.32 billion were up 0.9% and 3.7%, respectively, as organic growth was partially offset by adverse exchange. All regions…