The UB Group

Beverage industry company news

Subscribe via RSSWhat is RSS?

Latest News

UK: Diageo bids for OFT green light over Whyte & Mackay

10 Jul 2013

Diageo will seek "formal clearance" from the UK's Office of Fair Trading (OFT) after its United Spirits deal gave it control of Scotch producer Whyte & Mackay.

Analysis - The End of Diageo's Hunt for United Spirits

4 Jul 2013

It was always going to take a while, but it looks like, finally, Diageo's plans to take control of United Spirits (USL) in India have drawn to an end. For now.

INDIA/UK: Diageo takes control of United Spirits with further stake buy

4 Jul 2013

Diageo has completed the latest round of its United Spirits purchase, and is now the major shareholder in the Indian firm.

INDIA: United Breweries FY profits rise despite Q4 blip

31 May 2013

United Breweries has posted strong full-year results despite a drop in final-quarter profits.

INDIA: United Spirits FY profits slip, sales up

16 May 2013

United Spirits has reported a slight fall in full-year net profits, but grew sales by double-digits.

INDIA: Diageo details United Spirits MTO uptake

15 May 2013

Diageo has confirmed the completion of its mandatory tender offer to up its stake in United Spirits, with only 0.4% of the Indian spirits firm's shares being tendered.

Industry Engagement on Alcohol Harm & Responsible Consumption - Part I: A Critical Year for Industry Engagement

18 Apr 2013

In this month's management briefing, Ben Cooper looks at the alcoholic drinks industry's attempts to reduce alcohol harm and promote responsible consumption. Part one of this four-part briefing considers what many believe to be a tipping point in the ongoing debate.

just Five Years Ago: Beam keeps powder dry after losing race for Absolut

17 Apr 2013

It was five years ago this week that Beam Global Spirits & Wine – as Beam Inc was then known – started to come to terms with Pernod Ricard's last-minute grab of takeover target Vin & Sprit and the Absolut vodka brand at the end of March, 2008.

INDIA: UB Group stands firm on brewery construction despite protest - report

9 Apr 2013

UB Group has said a protest against the building of a brewery in India will not halt the INR2bn (US$36.6m) project, according to a local report.

just the Round-Up - The week in drinks

5 Apr 2013

The top ten stories published on just-drinks last week:

just For Subscribers - The week in drinks

5 Apr 2013

Here are the eight most viewed, subscriber-only items on just-drinks this week:

In the Spotlight - Diageo's United Spirits Rollercoaster

4 Apr 2013

It took Diageo many years to win the hand of United Spirits (USL), the subsidiary of the Vijay Mallya-owned UB Group. But, this week, the back-slapping that hailed the securing of its successful courtship gave way to pre-wedding jitters

INDIA: Diageo move for United Spirits safe, despite pledged share sale

3 Apr 2013

Diageo's move to take control of The UB Group's United Spirits division remains on course, despite court approval for UB's creditors to sell off pledged shares in the unit, just-drinks understands.

INDIA: Potential spanner in works for Diageo as UB Group hit by US$90m guarantee demand

2 Apr 2013

The head of The UB Group has been told he must provide a personal guarantee of INR5bn (US$91.9m) to obtain a four-week protection period against lenders hoping to sell a portion of pledged shares in the United Spirits (USL) division.

INDIA: Diageo offer to United Spirits shareholders "fair" - directors

2 Apr 2013

United Spirits' independent directors have approved Diageo's open offer to the company's shareholders, branding the price “fair and reasonable”.

UK: Pernod Ricard “in a good position” in India, as Diageo readies United Spirits buy

19 Feb 2013

The head of Pernod Ricard has proclaimed his confidence in the company's position in the spirits market in India, despite Diageo's recently-announced tie-up with United Spirits in the country.

INDIA: United Breweries sees Q3 sales dip, but YTD stays strong

7 Feb 2013

United Breweries has posted a strong rise in profits for its year to date, but flagged that previous-year moves meant the numbers are "not comparable".

just The Preview - Diageo Q2 & H1

28 Jan 2013

Diageo releases its Q2 and H1 results on Thursday (31 January). Below, we take a look at the highs and lows for the company in the three months to the end of December.

UK/SA: Diageo confirms sorghum beer unit JV with UB Group

28 Jan 2013

A bid by Diageo to run the UB Group's sorghum beer business in South Africa as part of a JV has moved a step closer after an agreement was signed.

UK: U’Luvka vodka founder leaves company

10 Jan 2013

The founder of the U'Luvka Polish vodka brand is set to step down from the namesake company.

INDIA: United Spirits to offload United Breweries stake

8 Jan 2013

United Spirits has lined up the disposal of its stake in sister firm United Breweries once the Diageo deal completes.

just the Ten - Top Hot Topics of 2012

21 Dec 2012

With the end of the year looming, just-drinks is running a series of 'Top Tens of the Year' in the run-up to Christmas. Here are the ten most read Hot Topics on just-drinks in 2012.

Review of the Year 2012 - Part V: Spirits

21 Dec 2012

It was back to business for spirits companies in 2012 as the industry's recovery continued apace.

INDIA: Key markets boost United Breweries' H1

14 Nov 2012

Double-digit volume growth in key markets has helped United Breweries report strong rises in first-half profits and sales.

Comment – Wehring's Way – Diageo & United Spirits: More Questions Than Answers

12 Nov 2012

Of course, we all knew it was going to happen. Didn't we? Since almost exactly four years ago, when United Spirits and Diageo confirmed that they were discussing a partnership in India, it was always inevitable. Wasn't it?

just On Call: United Spirits' Mallya - "I have not sold the family silver"

9 Nov 2012

United Spirits' chairman Vijay Mallya has rejected the idea he has “sold the family silver” by agreeing a deal with Diageo and said it is a “dream come true”.

just On Call: Diageo boss 'ambivalent' over possible Whyte & Mackay sell-off

9 Nov 2012

Diageo boss Paul Walsh has said he is “ambivalent” about the possible prospect of losing Whyte & Mackay to ensure the United Spirits deal goes through.

UK/SA: Diageo to take half of UB Group SA sorghum unit

9 Nov 2012

Diageo and the head of UB Group are set to make the latter's sorghum beer business in South Africa a joint venture, off the back of today's spirits deal between the two firms.

US: Diageo keeps mum on latest United Spirits talk

7 Nov 2012

The CFO of Diageo has reiterated the company's intention not to be drawn on speculation suggesting that a tie-up with UB Group's United Spirits division is imminent.

just the Round-Up - The week in drinks

2 Nov 2012

The top ten stories published on just-drinks last week:

1

3

5

...

13



Forgot your password?