NZ: Lion Nathan not interested in Independent
Independent Distillers is not on Lion Nathan's shopping list, just-drinks understands.
Independent Distillers is considering its options following the death of its founder, Michael Erceg, in a helicopter crash last November. The New Zealand spirits group has appointed UBS to look at sale options.
Lion Nathan, meanwhile, confirmed yesterday (18 May) that it would enter the Australian RTD market in the second half of this year. At a media briefing yesterday (18 May), Lion Nathan's chief executive, Rob Murray, said: "Like any company of mass scale in this market, you'd expect us to evaluate the opportunities when they come along. But for now, as I've think we've shown in our approach to capital management, our focus is on managing our business and we'll review those opportunities as they come along."
Just-drinks understands that Lion Nathan is keener on joining the Australian RTD market from a smaller base, allowing it to build the brand better.
Independent Distillers focuses on the discount beer and RTD segments in New Zealand and has expanded its operations to Australia and the UK.
Earlier this year, investment bank Goldman Sachs suggested that Lion Nathan would be interested in the company. "In our view, Lion Nathan's thirst for an RTD business and its Trans-Tasman asset footprint makes it the leading contender in any potential sale," Goldman said in February. The bank added that the company could command a price tag of around A$1bn (US$743m).
Australian beer and wine group Lion Nathan is expected to announce a move into ready-to-drink spirits next week. David Robertson assesses the options available to Lion as it seeks to emulate the succe...
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A fresh name has entered the race for Independent Liquor with Singapore-based Asia Pacific Breweries applying to study the books of the New Zealand spirits group....
Australia's competition watchdog has reportedly given Lion Nathan the green light to proceed with a full bid for New Zealand's Independent Liquor....
Bacardi has promoted its UK marketing director to the role of global brand director for Bombay Sapphire gin....
Diageo has formally registered its interest in New Zealand's Independent Liquor....
Australian consumers will spend over A$23m (US$17.4m) on alcohol this year, with Shiraz and Sauvignon Blanc gaining in popularity, according to local industry analysts....
Diageo will next week register its interest in Independent Liquor with Australia's competition watchdog, just-drinks understands....
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