Happy hour in Asia as global booze makers eye M&A deals in Asia
Source: Reuters The biggest global alcohol companies are sizing up buyout and tie-up opportunities in China, India, South Korea and Vietnam, keen to profit from a $258 billion Asian market that is growing twice as fast as the rest of the world. Banking and industry...
Happy hour in Asia as global booze makers eye M&A deals in Asia
Source: Reuters The biggest global alcohol companies are sizing up buyout and tie-up opportunities in China, India, South Korea and Vietnam, keen to profit from a $258 billion Asian market that is growing twice as fast as the rest of the world. Banking and industry...
Diageo 1H earnings on tap this week- Walsh will face questions after failed Cuervo talks
Source: scotsman.com Question time for Diageo chief after failed tequila talks DIAGEO chief executive Paul Walsh will this week face a fresh grilling over his decision to abort talks to buy tequila brand Cuervo. Walsh will hope that strong trading in the US and...
Baijiu still 99% of spirits market in China – Cognac close to half of the remaining one percent – sign of middle class success
Source: wine-searcher.com China, which has been the top importer by value of Cognac for the past two years, offers enormous potential to growers and Cognac houses whose sales are taking off around the world, industry representatives said this week. “For more than two...
Assessment of Beam as investment opportunity with or without Diageo takeover materializing
Source: Wall Street Journal Jim Beam's BEAM +0.96% in high spirits. And not just on bid talk. Shares in Beam, which owns the famous Kentucky bourbon, are up just over 40% since its creation via the breakup of Fortune Brands in October 2011. Bulls are looking to push...
New Jersey’s Fedway back up and running after Sandy – great recovery story
Source: Beverage Media After suffering catastrophic damage from Hurricane Sandy, the New Jersey wine & spirits wholesaler rebounds with an equal demonstration of force. On Monday night, October 29th, Hurricane Sandy hit the U.S.’s northeast coast breaking records...
Distributors and teamsters oppose the Costco Liquor Loophole Bill (HB 1161) in Washington
Source: Gallatin Public Affairs The House Government and Oversight Committee will hear HB 1161 - The Costco Liquor Loophole Bill - today. "We find it amazing that Costco and other proponents of I-1183 are attempting to change the wording of their own initiative only...
Beam to close former White Rock facility in Lewiston, lay off 160 employees and try to sell facility – will move Pinnacle production to Beam plant in Kentucky
Source: Bangor Daily News LEWISTON, Maine — Beam Inc., maker of Jim Beam bourbon, announced on Thursday that it will shut down production at its Lewiston facility and shift production of Pinnacle Vodka and Calico Jack Rum to a facility in Kentucky. The 160 employees...
Bordeaux to bounce back in 2013
As prices stabilize and Robert Parker prepares to re-evaluate 2010, Jon Barr, director of EF Wines, has declared “Bordeaux appears to be back”. Speaking to the drinks business, Barr said that Lafite sales were strong again in Hong Kong, although he added that, “this...