INDIA: Radico Khaitan to acquire UB Group brands
The talks are reported to be in a preliminary stage though Vijay Mallya, the chairman of the UB Group, has already announced his intention to downsize the group's 145-brand portfolio down to 40-45. The restructuring will also involve management changes, some of which have already taken place, and the integration of the recently-acquired Shaw Wallace's operations into the UB Group.
Radico has recently completed the acquisition of the Brihan brands for INR350m (US$7.8m) and plans to invest a further INR850m into more acquisitions. Lalit Khaitan, the head of Radico, declined to comment saying that the company was in talks with many groups for acquisitions.
The second part of a report on the Indian soft drinks market from analysts Euromonitor examines the progress of non-carbonated sectors, looking at the growth of the bottled water category and the pote...
The recent acquisition of Shaw Wallace by the Indian UB Group, owned by Vijay Mallya, created the world's second largest spirits producer by volume and significantly enhances UB's already powerful pos...
India's largest brewer, United Breweries, is to spend INR4bn (US$90.7m) on boosting its brewing capacity as it aims to keep pace with the country's booming beer market....
India's UB Group has reported strong third-quarter results for its brewing and distilling operations....
UB Group plans to sell off its stake in South Africa-based United National Breweries (UNB) to a management led buyout headed by UNB CEO, Rajan Ranganathan....
UB Group, the Indian drinks giant owned by Vijay Mallya, is planning to develop a significant presence in the wine market....
The UB Group has reported a 30.38% growth in sales for the first half of the financial year 2006 to INR3.77bn (US$466m)....
The UB Group has unveiled its organisational structure for its new spirits division....
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