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…
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 – 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…
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…
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…
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…
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…
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…
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…
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…
