Blog: Diageo and UB - a two-horse race
Olly Wehring | 18 January 2007
Looks like Diageo a ruffling a few Indian feathers at the moment - something the UK seems to be doing quite a lot of at the moment.
The drinks giant appears to be treading on the toes of Vijay Mallya’s UB Group in the country, with a bid to snatch the sponsorship of the McDowell Indian Derby horse race from UB, according to local reports.
The club which owns the race earlier this month received a INR150m (US$3.4m) bid from Diageo - three times what UB currently pays to sponsor the event. The club thought long and hard… and said no. UB will be allowed to sponsor the event until 2008 as agreed, the committee said. Since then, Diageo has put in another, even bigger offer of INR250m.
Considering the McDowell Derby is named after UB’s whisky brand, this could be quite a colourful fight. And, considering the strained relationship between the UK and India right now, I wouldn’t expect it to be resolved any day soon.
There was a big focus on supermarkets and their Scotch offerings this week when a couple of own-brand malts scooped top awards at the International Wines and Spirits Competition (IWSC)....
You can't seem to move at the moment for news of US craft brewers expanding....
Here's a round-up of the top stories on just-drinks last week, featuring Coca-Cola Life, Australian Vintage, Pernod Ricard and BrewDog....
Beer consumption in Germany - already pretty impressive - will undoubtedly have enjoyed a spike following celebrations over the nation's FIFA World Cup win. ...
- PepsiCo to consider more re-franchising - CEO
- Focus - SABMiller's Q1 Performance by Region
- Analysis - SABMiller's Australian issues continue
- Brazil could have been worse - Coca-Cola Co CEO
- Analysis - Coca-Cola fails confidence test
- Diageo's Captain Morgan Facebook ad banned
- Alcohol retailer group appoints new chairman
- Sales, profits fall at Moet Hennessy in H1
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk