India: Latest beverage news & analysis
It's not every day that one can accuse the world's biggest spirits producer of being a bit stupid, but my peers in India are making hay today, doing just that. But, before wading in against Diageo and the call by its United Spirits unit in India for chairman Vijay Mallya to stand down, ask yourself this one question: What difference does it make?
Finally, after a near four-month delay United Spirits reported its full-year results today.
Finally, after almost 20 months, Diageo has got what it initially wanted in India. The company today (2 July) confirmed it now holds the majority of shares in United Spirits. This achievement, however, has cost way more than Diageo initially expected; to the tune of around US$1bn.
As expected, Diageo has stepped up its bid to take majority control of India’s United Spirits Ltd (USL). The UK-headquartered company has launched a tender offer for a further 26% stake in the UB Group unit, which, if successful would raise its stake to around 55%.
A survey of consumers in India has revealed that alcoholic beverages may have the most to gain from high levels of optimism in the country.
Bihar is the latest state in India that will ban the consumption of alcohol, fulfilling an election pledge by the state's Chief Minister.
Beverages on sale in India can contain high-intensity sweetener stevia after the country's regulator approved the use of the ingredient.
The UB Group is set to offload its remaining holding in Diageo-controlled United Spirits, a source has told just-drinks.
The Indian Made Foreign Liquor (IMFL) category is headed for a three-way fight between Diageo's United Spirits, Pernod Ricard and Allied Blenders & Distillers (ABD), an executive from one of the companies has said.
Diageo's United Spirits unit has reported a lift in both half-year and second-quarter sales, with the parent company's brands being credited with driving the rises.
Heineken has declined to comment on a report it is looking to take control of India's United Breweries (UB).
International Beverage Holdings has rolled out three of its single malt Scotch whisky brands across India.
Diageo-controlled United Spirits has said it will not dump its mass brands after revealing it is to focus on just 15 “power brands” to fuel premium growth.
The new owner of Goan lager brand King’s Black Label, India's Viiking Group, is set to roll out the brand across the country.
Indian whiskey producer Allied Blenders & Distillers (ABD) has appointed a former Diageo employee as its new MD & CEO, according to local reports.
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