India: Latest beverage news & analysis
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.
Five years ago this week talk of Diageo taking a stake in United Spirits first emerged. It set in train a series of events that this year saw the Smirnoff producer secure control of the Indian spirits firm.
United Spirits has continued its sluggish performance with a first-quarter net loss and fall in sales.
India's beer industry has called on the government to end laws that tax the category at the same rate as spirits, according to a report.
Amazon's India unit is to start delivering Coca-Cola Co products as it enters the country's food and beverage market for the first time, according to reports.
Vijay Mallya has been re-elected as chairman of United Spirits at the AGM of the Diageo-controlled firm.
The Coca-Cola Co is to launch Coca-Cola Zero in India, upping the no-calorie brand's presence to 149 countries.
United Spirits, the Diageo-controlled Indian drinks firm, is planning to sell an 11.35% stake in its subsidiary Pioneer Distilleries.
Beam Suntory Inc has launched gift packs in India for two expressions of its Teacher's Scotch whisky brand, Teacher’s Origin and Teacher’s Highland Cream.
The Indian division of SABMiller has released an extension of its Miller beer brand in the country.
The SPI Group has confirmed plans to roll out two flavoured variants of its Stolichnaya vodka brand in India.
Diageo has confirmed that three of United Spirits' independent directors are to leave the company's board.
- Analysis - Remy's Cognac "dead-cat bounce"
- Diageo's future brighter than present suggests
- Diageo's Q1 Results by Region
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Focus - Remy Cointreau's H1 Performance by Brand
- Moët Hennessy unveils first Travel Retail outlet
- Diageo puts Beckham centre stage in Haig Club ad
- United Spirits sees Q1 net loss
- Beam Suntory, Edrington part ways in Travel Retail
- TWE unveils Penfolds range after CEO's "bold move"