The rise in demand and consumption of whisky around the world is helping to develop a market for Scotch whisky as an investment vehicle similar to what has occurred with ultra-premium wines.
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Asia could offer major spirits brands the chance to drive up prices and margins as the market opens up to premium established brands through acquistions and mergers, according to Rabobank's latest spirits report.
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Brown-Forman reported that for the fiscal year end on April 30, 2014, net sales increased by 4% and operating income increased by 8%, largely driven by organic growth with the Jack Daniel's brand.
Read more...Robert Nicholson, principal at International Wine Associates exlpains the draw for private equity firms to invest in wine
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Treasury Wine Estates declined an offer which was proposed in April from Kohlberg Kravis Roberts to buy the company for a cash price of AUS$4.70 per share, valuing the offer at AUS$3.05 billion.
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Emperador Inc, part of the Philippines Alliance Global Group, confirmed today it has agreed to purchase Whyte & Mackay from United Spirits for £40 million.
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Diageo is reportedly in advanced talks with Alliance Global Group as a possible purchaser of the Whyte & Mackay spirits business, according to the financial press.
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Gavin Quinney, owner and winemaker of Château Bauduc in Bordeaux, gives his definitive verdict on the 2013 en primeur campaign with his own detailed analysis of all the main Bordeaux chateaux wines, including his recommendations of what to buy now, what to age and what to avoid.
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The UK wine industry is missing out on a potential £200m lost opportunity in the impulse and convenience channel, according to new research from Treasury Wine Estates.
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Erin Smith talks to Liv-ex director Justin Gibbs about the struggling en primeur and the implications this year's campaign has on fine wine investments
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Suntory's acquistion deal worth US$16 billion of Beam Inc officially closed yesterday making the renamed company Beam Suntory the third largest maker of distilled drinks in the world.
Read more...Naked Wines is preparing for the next stage in its rapid growth by joining a London Stock Exchange business support programme.
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Pernod Ricard, which released its Q3 financials today, posted a net sales loss of €127 million for the nine months of the 2013/2014 financial year, which is down 7% compared to last year for the same period, primarily due to heavy declines in Asia and other emerging markets.
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Pernod Ricard is strengthening its US business with the purchase of Kenwood Vineyards in California's Sonoma Valley from F Korbel & Bros.
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Beam Inc, which is in the final stages of being acquired by Suntory Holdings Ltd, has reported its chief financial officer and two other executives have announced their intention to resign.
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Rémy Cointreau has warned that full year profits may plummet by 35 to 40%, thanks to a fall in Chinese sales.
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Diageo's interim results show only 0.3% growth over the last nine months, with organic net sales down 7.4% to Q3.
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Diageo, which already owns 28.8% of India's United Spirits, has made a $1.9 billion bid to acquire an additional 26% share of the company.
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Last week Rémy Cointreau' stocks spiked on speculation that Brown-Forman was a possible interested buyer, however reports have surfaced that Brown-Forman is a possible bidder for the Whyte & Mackay business which is currently up for sale.
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Erin Smith looks at how deflation could have an impact on the wine and spirit world.
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