IRELAND/ITALY: Irishman Brands silent over Illva Saronno deal rumours
The company is reportedly eyeing expansion
Irish whiskey producer The Irishman Brands has declined to comment on reports that it is in talks to sell a minority stake to Italian drinks firm Illva Saronno to help fund its expansion.
The proposed deal would see the Tia Maria and Disaronno producer become a minority shareholder in the Irish firm, The Sunday Times reported yesterday (8 September). US corporate finance house CW Downer is thought to be advising on the deal, it was reported.
A spokesperson for The Irishman Brands, which sells its namesake whiskey brand to 36 countries globally, declined to comment on the report when contacted by just-drinks today. The company last month unveiled new branding and packaging for its portfolio.
In 2006, it signed a “long-term” supply agreement with Irish Distillers for the Pernod Ricard subsidiary to distill and lay down Irishman stock.
Illva Saronno also declined to comment.
It is almost six months until Scotland decides. Will the country vote for independence from the UK on 18 September? Ian Buxton has a few thoughts on the matter, and he's surprised that the Scotch whis...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Over the last 10 years of rapid acquisitions, Pernod Ricard has built a strong portfolio of premium brands on a global scale. Most of its brands enjoy a leading position in international markets. The ...
As well as ranking third in the global spirits market, Pernod Ricard is the world’s fourth largest wine producer. This profile analyses the company’s efforts to adapt its wine offer to challenging and...
With very limited resources for expansion through acquisition until at least 2015, Pernod Ricard’s key focus has to be through organic growth. The profile looks at how its current portfolio of brands ...
- just The Preview - Diageo's FY preliminaries
- Analysis - SABMiller's Australian issues continue
- Focus - SABMiller's Q1 Performance by Region
- just The Preview - Anheuser-Busch InBev's H1 & Q2
- NPD: Alcohol Beverage “Mash-Ups” Fuel Innovation
- Diageo silent over Shuijingfang writedown report
- Sales, profits fall at Moet Hennessy in H1
- Britvic promotes GB marketing head to global post
- Molson Coors CEO to retire
- Diageo's Captain Morgan Facebook ad banned