The 1988 acquisition of Irish Distillers Ltd (IDL) by Pernod Ricard is the great drinks industry acquisition that almost never happened. As the story goes, the French company – then a fraction of the size of today’s colossus – originally only wanted a small slice of the Irish whiskey pie.
Japan’s Orion Breweries lists in Tokyo after IPO
By the time of the IPO, both Carlyle and Nomura had reduced their stakes to approximately 40% each.
Satarupa Bhowmik September 26 2025








