24 October 2024
24 October 2024
The 7Up maker will initially purchase a 60% shareholding in the brand for roughly $990m.
The probe focuses on the beverage company's bottling and distribution contracts that may restrict cross-border trade and distort competition in the region.
The deal "underscores" Allied Blenders and Distillers efforts to sell "premium and luxury products to Indian consumers", the company said.
The dairy giant’s volume-mix growth has accelerated for a fifth quarter.
The initiative is scheduled to be enforced on 1 January 2025.
Ren fits in the “luxury” vodka category as opposed to “super-premium” for Topikos’ Mailroom brand.
The Spain-based group already markets non-alcoholic cava.
The US whiskey and Tequila maker’s cuts to its sales and earnings forecasts have prompted questions about the company’s near-term prospects.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.
