Diageo’s recent announcement of a record $1bn deal to takeover Casamigos, the fastest growing super-premium tequila brand in the US (and co-founded by George Clooney), is just the latest indicator of intensified M&A activity in the liquor segment.
Suntory’s $16bn takeover of Beam Inc. shocked many industry insiders but the likes of Diageo, Pernod Ricard and Bacardi likely sighed with relief, according to Rabobank.
'Suntory is willing to pay a significant premium to acquire growth overseas': Analyst
Suntory’s $16bn splurge to acquire Beam Inc. is significantly more than what rivals Diageo and Pernod Ricard would have paid for the bourbon giant, one analyst believes, but a seat at the US spirits table is at stake…
X20 HISTORIC EBITDA PRICE 'LOOKS VERY PUNCHY': ANALYST
Suntory Holdings and Beam Inc. say they have agreed a $16bn deal that will see the Japan giant take full control of its US rival and maker of Jim Beam and Maker’s Mark.
Beam Inc. insists to BeverageDaily.com that Teacher’s remains the bestselling Scotch Whiskey brand in India, despite press reports suggesting it has lost that position to Pernod Ricard’s 100 Pipers in the wake of Beam’s ongoing probe into potential local...
Diageo remains tight-lipped on reports it may make a $10bn+ swoop for Beam Inc. but one analyst tells BeverageDaily.com he believes no imminent deal is likely, given the firm’s preoccupation with United Spirits and Jose Cuervo.
Constellation Brands has seemingly walked out on Canadian wine firm
Vincor after its takeover offer expired, but the fall-out is
unlikely to hamper drinks industry consolidation trends.
Constellation is planning to launch newly acquired Robert Mondavi
wines across Europe after it helps sales soar in the US, and Pernod
Ricard finally has Allied Domecq in its sights, reports Chris
Mercer.
Constellation Brands has confirmed it approached Allied Domecq on
Wednesday as part of a larger consortium to discuss the terms of a
possible counter bid to Pernod Ricard, reports Chris Mercer.
Allied Domecq, the world's second biggest spirits company, has
confirmed that it is in talks with Pernod Ricard and Fortune Brands
over its possible sale, a move that emphasizes the current rate of
global consolidation in the...
As expected, Constellation Brands, the diversified US drinks group,
has acquired Australia's leading winery BRL Hardy in a deal valued
at around €1.32bn.
