INDIA: John Distilleries mulls stake sale - Beam, Wm Grant, Campari, ThaiBev named - report
Beam Inc, Gruppo Campari, William Grant & Sons and ThaiBev have all been linked to Indian spirits producer John Distilleries, according to local reports.
A story in The Times of India today (4 April) claims that John Distilleries, which owns the Original Choice Indian whiskey brand, is considering selling a “large stake” to a non-Indian company. Uncited banking sources named Beam, William Grant and ThaiBev as having signed non-disclosure agreements with the firm in the Times of India piece.
A separate report earlier this year also claimed that Campari is in the running.
When contacted by just-drinks, a spokesperson for Beam would not be drawn on the reports. “As a matter of company policy, we don't comment on rumour or speculation,” the spokesperson said.
No-one was immediately available for comment at William Grant and ThaiBev, while Campari also declined to comment on the reports.
Privately-owned John Distilleries owns 16 production facilities in 12 Indian states. It also has a distribution network covering 14 states, with exports travelling to countries including the UK, Angola and Ghana. Late last year, it launched Paul John Single Cask 161, a high-end whiskey expression, in the UK.
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