The Smith Report: The draw of private equity firm investing in wine

Robert Nicholson, principal at International Wine Associates exlpains the draw for private equity firms to invest in wine

Treasury Wine Estates declines AUS$3 billion acquisition deal

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.

Diageo to sell Whyte and Mackay to Alliance Global Group for £430m

Emperador Inc, part of the Philippines Alliance Global Group, confirmed today it has agreed to purchase Whyte & Mackay from United Spirits for £40 million.

Diageo in talks to sell Whyte & Mackay to Alliance Global Group

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.

En Primeur 2013 final verdict is "better than expected"

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.

Treasury Wine Estates: UK wine industry missing a £200m opportunity in the convenience channel

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.

The Smith Report: Is fine wine investment dead?

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

Beam Suntory US$16billion acquisition deal closes

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.

Naked Wines turns to London Stock Exchange to help its next phase of growth

Naked Wines is preparing for the next stage in its rapid growth by joining a London Stock Exchange business support programme.

Pernod Ricard posts €127m net sales loss in Q3

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.

Pernod Ricard to buy California's Kenwood Vineyards

Pernod Ricard is strengthening its US business with the purchase of Kenwood Vineyards in California's Sonoma Valley from F Korbel & Bros.

Suntory to lose three key Beam executives

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.

Rémy Cointreau warns profits may slump by 40%

Rémy Cointreau has warned that full year profits may plummet by 35 to 40%, thanks to a fall in Chinese sales.

Diageo blames political instability as growth stalls

Diageo's interim results show only 0.3% growth over the last nine months, with organic net sales down 7.4%  to Q3.

Diageo increases bid to close United Spirits deal

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.

Brown-Forman may acquire Whyte & Mackay, not Rémy Cointreau

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.

?The Smith Report: Could deflation let the air out of wine purchases?

Erin Smith looks at how deflation could have an impact on the wine and spirit world.

Naked Wines' bond-funded fine wine is ready

Diageo shakes up global management team

Diageo's chief executive Ivan Menezes has made changes to the company's global management team with a major focus on emerging markets.

Pernod Ricard reports disappointing Chinese New Year sales

Pernod Ricard reports that there has been no improvements in sales following the Lunar New Year celebrations in China, which is traditionally the busiest sales period of the year for drinks companies, warning that China could remain sluggish until 2015 at the earliest.