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The price tag raised eyebrows but Danone’s move for Huel is seen as a well-reasoned piece of M&A.
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Until now, the brand has been sold in specialist stores and in the on-trade.
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United Spirits said it will sell the RCSPL stake in an all-cash deal valued at Rs166.6bn ($1.78bn).
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So Good So You co-founders Rita Katona and Eric Hall will remain equity holders in the business.
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Distil's forecasted performance for its fourth quarter and that impact on full-year sales "has created an immediate short-term funding need within the business".
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The Dutch brewer said "large-scale brewing" at its Tuas site will be “phased down progressively by the end of 2027”.
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"This investment does not signal a shift in Branca's product strategy, but rather reflects a long-term perspective on how the sector is evolving," a joint statement said.
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The default stems from “serious” financial distress at the group’s Latvian subsidiary, Amber Latvijas Balzams (ALB).
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