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Tag: United Spirits Limited

United Spirits’ Board approves sale of all equity shares in Sovereign Distilleries, Q3 profits dip by 64.4%

January 25, 2023January 28, 2023

INDIA – The board of directors of United Spirits Limited (USL), a subsidiary of British multinational alcoholic beverage company, Diageo,…

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Beverages Financials & Economy LATEST NEWS Mergers & Acquisitions WORLD NEWS 

Diageo injects US$48.7m for additional stake in India’s United Spirits Limited

March 2, 2020March 2, 2020

INDIA – Diageo has acquired additional shareholding in India’s leading liquor company United Spirits Limited (USL), in a transaction that…

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Beverages Investments & Funding News Mergers & Acquisitions WORLD NEWS 

Diageo’s United Spirits plans merger with its Indian subsidiary Pioneer Distilleries

December 4, 2019December 4, 2019

INDIA – United Spirits Limited, the Indian unit of the global liquor company Diageo, has proposed a merger with its…

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Beverages Investments & Funding News Mergers & Acquisitions WORLD NEWS 

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

July 28, 2018

INDIA – United Spirits, a subsidiary of Diageo and India’s largest spirits manufacturer has reported 29% increase in profits to…

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Beverages Financials & Economy Investments & Funding News WORLD NEWS 

Foreign whiskey brands eye Nigeria’s $2.84bn alcohol market

August 8, 2014December 21, 2022

NIGERIA – As Nigerian elites develop increasing taste for alcoholic beverages, more foreign alcohol brands are eyeing the market valued at $2.84 billion, according to an International Wine and Spirit Research (IWSR) report.

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  • Fonterra half-year profits jump 50% jump despite poor performance in Asia
  • Coca-Cola pulls Innocent dairy-free products off-shelf
  • Rwanda eyes 600% avocado export growth by 2026
  • Ugandan Government seeks US$72.9m to rescue Atiak Sugar Factory from Equity Bank’s takeover
  • Gledhow Sugar Company enters business rescue as sugarcane farmers and workers face uncertain future

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