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Tag "spirits"

Anti-counterfeiting solution from Guala Closures

Guala Closures partners with Authentic Vision for new anti-counterfeiting closure solution with a wealth of end-consumer marketing opportunities for the spirits, wine and olive oil industries.
The innovative solution will work by enabling smartphone users to verify the authenticity and origin of a product before consumption, while simultaneously interacting with the brand owners.
The end-to-end solution comprises […]

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Another Strong Performance From Stock Spirits Group

    Another Strong Performance From Stock Spirits Group

Stock Spirits Group, Central Europe’s leading branded spirits and liqueurs business, has reported a 4.1% increase in EBITDA to a record Eur63.9 million on a like-for-like basis for 2011. On a constant currency basis, EBITDA rose by 6% but revenue at Eur295.1 million was slightly down on a like-for-like basis compared to the Eur301.9 million […]

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Diageo Gains Regulatory Approval For £630 Million Chinese Acquisition

    Diageo Gains Regulatory Approval For £630 Million Chinese Acquisition

Diageo has received Chinese regulatory clearance to acquire the outstanding shares of Sichuan Shuijingfang Co for £630 million. ShuiJingFang is one of the largest super premium Chinese white spirits brand by volume in China. The company is listed on the Shanghai Stock Exchange.
Diageo made its first 43% investment in February 2007 and increased its shareholding […]

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Record Sales For Beam

    Record Sales For Beam

US-based global spirits group Beam (formerly known as Fortune Brands) has reported a 4% rise in operating income to $572.2 million on net sales up 8% to a record $2.3 billion for 2011. On a comparable basis when adjusted for foreign exchange, acquisitions, divestitures, and the ongoing impact of the new Australia spirits distribution agreement […]

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Diageo Completes $225 Million Acquisition of Ethiopian Brewer

    Diageo Completes $225 Million Acquisition of Ethiopian Brewer

Diageo has completed the acquisition of Meta Brewery, a leading beer company in Ethiopia, for a cash consideration of $225 million, subject to customary post completion adjustments. The acquisition concludes a competitive tender process held by the Privatization and Public Enterprises Supervising Authority on behalf of the Government of Ethiopia.
The acquisition represents a key milestone […]

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Revenue Sales Fall by £2.2 billion in UK Beer Market

    Revenue Sales Fall by £2.2 billion in UK Beer Market

Hindered by the decline of pub drinking and a lack of broader consumer appeal beyond men, the UK beer market has seen a huge fall from grace in the past six years. Indeed, while the market was worth £17.7 billion in 2006, it will command revenues of just £15.5 billion in 2011 – a £2.2 […]

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Cooley Distillery Starts Poitin Revival

    Cooley Distillery Starts Poitin Revival

Independent Irish whiskey producer Cooley Distillery has launched a new range of Poitín products to showcase the traditional spirit of Ireland. Poitín is a clear Irish spirit famous for its alcohol strength. In homage to this ancient Irish spirit, Cooley Distillery has released an Origin series of Poitín products.
 
Poitín was traditionally distilled in a small […]

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Interim Profits Surge at Remy Cointreau

    Interim Profits Surge at Remy Cointreau

Reflecting sales growth across all its geographic regions, French spirits group Remy Cointreau has increased current operating profit by 27.3% (up 30.7% organically) to Eur106.2 million for the first six months ended September 30th 2011. Turnover at Eur474.9 million rose by of 10.9% compared with the previous period and by 18.1% organically. The group’s own […]

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Beam Starts Life as a Pure Play Spirits Company

    Beam Starts Life as a Pure Play Spirits Company

Global spirits business Beam has commenced trading as an independent company on the New York Stock Exchange. Formerly known as Fortune Brands, Beam is the remaining company following the separation of Fortune Brands’ businesses, which was completed on October 3rd.
 
Beam is the world’s fourth largest premium spirits company and the largest US-based spirits company. Its […]

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Fortune Brands Spirits Business to be Renamed Beam

    Fortune Brands Spirits Business to be Renamed Beam

Following the expected spin-off of its home and security business on October 3rd, Fortune Brands remaining spirits operation will be renamed Beam. The spin-off company will operate as Fortune Brands Home & Security.
 
Fortune Brands will receive a cash dividend of $500 million from Fortune Brands Home & Security prior to the spin-off.
 
“The separation of Fortune Brands’ […]

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Diageo Completes Acquisition of Mey Icki

    Diageo Completes Acquisition of Mey Icki

Having received the necessary regulatory clearances, Diageo has completed its £1.3 billion acquisition of Mey Icki, the leading spirits company inTurkey. In the financial year ended 31 December 2010 Mey Icki had net sales of £300 million and EBIT of £120 million. It is the clear market leader in Raki, the biggest spirits category in […]

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Brown-Forman to Build on Record 2011 Performance

    Brown-Forman to Build on Record 2011 Performance

Building on record earnings and operating income in its 2011 financial year, Brown-Forman anticipates continued underlying operating income growth for 2012. The US-based international spirits and wine group reported net sales growth of 6% to more than $3.4b in 2011 and increased operating income by 20% to $855m. Excluding the gain on sale from the […]

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Strong Growth By Stocks Spirits Group

    Strong Growth By Stocks Spirits Group

Stock Spirits Group, one of Central Europe’s leading branded spirits and liqueurs businesses, has reported double digit organic revenue and profit growth for the year ended December 31st 2010. Revenue increased by 13.3% to Eur308.6m and EBITDA by 16.6% to Eur68.2m.as the company gained market shares across its key markets. During 2010, Stock built upon […]

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Diageo to Acquire Turkey’s Leading Spirits Company For £1.3 Billion

    Diageo to Acquire Turkey’s Leading Spirits Company For £1.3 Billion

Diageo has reached agreement to acquire Mey Icki, the leading spirits company in Turkey, for an enterprise value of £1.3b from investment firm TPG Capital and Actera. The transaction is expected to complete in the second half of calendar 2011, subject to regulatory clearances.
Paul Walsh, chief executive of Diageo.
Mey Icki is the leading spirits producer […]

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Continued Recovery at Pernod Ricard as Full Year Targets Raised

    Continued Recovery at Pernod Ricard as Full Year Targets Raised

Benefiting from an improvement in the global economic environment and favourable currency factors, Pernod Ricard has achieved strong sales and profit growth in the first half ended December 31st last. Net sales increased by 13% to Eur4.28b – up 7% organically – and group share of net profit from recurring operations rose by12% to Eur726m.
Pernod […]

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1000th Quality Food Name Registered With EU

The Piacentinu Ennese, a sheep’s cheese from Italy, has became the one thousandth name to be registered under the European Commission’s agricultural product and foodstuff quality labels. Since their creation in 1992, the EU schemes have registered quality agricultural products and foodstuffs from across the EU and beyond. In recent years there has been a […]

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Diageo Looks to Strengthen Rum Portfolio

    Diageo Looks to Strengthen Rum Portfolio

Diageo, the world’s largest spirits group, is holding talks with Industrias Licoreras de Guatemala with a view to acquiring a 50% stake in super premium rum brand Zacapa Centenario. Diageo has been marketing the Guatemalan rum since 2008 under a three year contract with brand owner Industrias Licoreras de Guatemala.
Sales of Zacapa, which is produced […]

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Belvedere Disposes of US Spirits Production Business

Belvedere, the French spirits group, has sold its US production business, Florida Distillers, for $48m. However, Belvedere will retain is US distribution business, which includes the 4 Orange and Sobieski vodka brands. Belvedere acquired Florida Distillers for $56m in 2007.

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Bacardi Completes First Phase of $250 Million Investment in Scotch Whisky Production

    Bacardi Completes First Phase of $250 Million Investment in Scotch Whisky Production

Bacardi, the largest privately held spirits company in the world, has completed the initial phase of its $250m investment in Scotch whisky production. The investment is to meet growing demand for the group’s portfolio of Dewar’s Scotch whiskies.
Bacardi acquired the Dewar’s brand in 1998. Bacardi, through its John Dewar & Sons subsidiary, employs 300 people […]

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William Grant Establishes Global Marketing Office in Dublin

    William Grant Establishes Global Marketing Office in Dublin

Premium spirits business and independent Scottish family distiller, William Grant & Sons, has established its new global marketing office in Dublin. Employing 17 people, this office will manage the entire global marketing operations for William Grant & Sons’ non-Scotch brands including Sailor Jerry, Hendrick’s Gin and the newly acquired Tullamore Dew Irish whiskey, and will […]

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Dogged Full Year Performance By Pernod Ricard

    Dogged Full Year Performance By Pernod Ricard

Pernod Ricard, the world’s second largest spirits and wine group, has reported a 1% increase in net profit to Eur951m on net sales down 2% to Eur7.08b for the 2009/10 financial year ended June 30th 2010. Organic sales growth was 2%, including a significant 9% upturn in the second half, but the results reflect negative […]

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Synergy Widens International Reach

    Synergy Widens International Reach

Synergy, one of the leading distilled spirits producers in Russia, has signed distribution agreements for exports of Beluga vodka to Iraq, Vietnam and India, the growing vodka markets in Middle East and Asia and strengthen brand visibility in the European Duty Free by signing a distribution agreement with one of the world’s leading duty free […]

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Recession Boosts Domestic/local Spirits at Expense of International Brands

  Recession Boosts Domestic/local Spirits at Expense of International Brands

2009 was not a good year for multinational spirits companies. Euromonitor International’s ‘2010 Millionaires’ ranking saw total volumes of international brands on the list fall by 5% while domestic/local brands saw growth of 6%, selling over 400 million 9-litre cases. The Millionaires supplement is a ranking of spirits with sales of over one million 9-litre […]

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Spirited First Half Performance by Campari

Benefiting from good consumption momentum across key brand and markets, the consolidation of its Wild Turkey acquisition and an easy comparison base versus last year’s first half, which was hit by the credit crunch and destocking activities, Italian drinks group Campari has increased net profit by 15.2% to Eur69.3m on sales up by 16.7% to […]

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Pernod Ricard Reorganises Premium Wine and International Vodka Businesses

  Pernod Ricard Reorganises Premium Wine and International Vodka Businesses

Global wines and spirits group Pernod Ricard has reorganised its premium wines and vodka businesses. A new brand company called Premium Wine Brands has been created which is responsible for the development and global strategy of the group’s strategic wine brands. The portfolio includes: Australian wines (Jacob’s Creek), New Zealand wines (Montana and Brancott), as […]

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La Martiniquaise Set For Liqueur Acquisition

French spirits group La Martiniquaise is reported to be the only bidder left for Belvedere’s Marie Brizard liqueur brand following the withdrawal of ThaiBev from the auction. The acquisition of the Marie Brizard would broaden La Martiniquaise’s portfolio, which currently includes William Peel whisky and Berger pastis.

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Pernod Ricard Disposes of Spanish Wine Interest

Global spirits and wine group Pernod Ricard has agreed to sell its shares in Spanish drinks company Ambrosio Velasco to Diego Zamora for a cash consideration of Eur33.1m. The closing of the transaction is subject to clearance by the Spanish competition authorities.
Diego Zamora is a family owned Spanish company, best known as the producer of […]

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