Hints and tips:
...Stock Spirits, the embattled vodka distiller, faces a stormy shareholder meeting after a third investor advisory group backed an activist’s campaign to vote on to the board two non-executive directors against...
...It has also invested in Diageo, the distiller, and JJB Sports, the retailer....
...The world’s biggest distiller has been shipping more bottles of Scotch and other spirits to the country’s drinkers. Any one-off charges, such as the write-down of monetary assets, would hurt too....
...It is sweet, but some analysts think the younger audience to whom these confectionery drinks appeal could bring distillers under increased regulation....
...The all-cash acquisition of Ypióca launches the UK distiller into the premium market for the spirit used in caipirinha cocktails ahead of the World Cup in 2014 and Olympics in 2016, both in Brazil....
...Fogo de Chão’s acquisition comes only a day after Diageo, the UK distiller, announced it was buying cachaca rum producer Ypióca, another of Brazil’s most famous brands, for $450m....
...Diageo, the distiller and brewer of Guinness, has invested more than £1bn in the past five years....
...The distiller said stock levels in the US, its biggest market, had fallen since June and were weak compared with a year earlier....
...The privately-held company initially attracted interest from Diageo but the distiller decided the brand was not suitable for its beer portfolio....
...Grey Goose, the upmarket vodka brand formed by an American businessman and acquired for $2bn by Bermuda distiller Bacardi in 2004, is losing share in the US spirits market for the first time as consumers...
...EQT Partners, the private equity firm part-owned by Sweden’s powerful Wallenberg family, is considering bidding for Vin & Sprit, the distiller of Absolut vodka put up for sale by the Swedish government....
...Former Highland Distillers’ boss and well-known City figure Sir Brian Ivory is adding his weight to the board of new pension buy-out company Synesis Life as a non-executive director....
...Pernod Ricard, the French distiller and wine maker, on Thursday announced it had spent about €100m ($122m) to secure distribution rights to Stolichnaya vodka in the US and several other countries....
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