Hints and tips:
...Jose Cuervo, which had an initial public offering in February, dominates the mass market; it is a 250-year-old company with a $6bn valuation, which makes four-year-old Casamigos impertinently priced....
...Prospective investors in José Cuervo will not be so lucky: the world’s largest tequila distillery has pulled its planned $1bn initial public offering on the Mexican stock exchange, blaming market uncertainty...
...“We are tequila. We are Mexico,” says a promotional video shown to visitors on arrival at its La Rojeña distillery, the oldest working one in Latin America....
...Jose Cuervo, the world’s largest tequila distillery has filed for an initial public offering on the Mexican stock exchange on Tuesday, in what is one of this year’s most eagerly awaited deals from the country...
...Tequila brand Jose Cuervo, whose brands account for a fifth of global tequila volume sales, according to drinks industry research firm IWSR, noted in September that it also supplies much of its own agave...
...The deal follows the breakdown of talks two years ago with the Beckmann family to acquire Jose Cuervo, the world’s top-selling tequila....
...Trevor Stirling, analyst at Bernstein Research, said: “This starts to address the hole left by the departure of Cuervo in tequila....
...Pernod Ricard, the French spirits group, said it was “open” to discussion over a potential acquisition of Jose Cuervo, after talks between the family owners of the tequila brand and the UK’s Diageo broke...
...Cuervo is the top selling tequila in the market thanks to its growing popularity in the US....
...Diageo, the world’s biggest distiller, is to launch its own tequila brand after failing to clinch a deal with the family owners of top-selling Jose Cuervo....
...Diageo, the world’s biggest distiller by sales, this week pulled the plug on its protracted and complex talks to buy Jose Cuervo, the family-owned tequila maker....
...Jose Cuervo, the world’s top-selling tequila, is to stay with its family owners, the Beckmanns. And as of June, the world’s biggest distiller will have a tequila-sized hole in its drinks cabinet....
...* Diageo ends talks with Cuervo tequila maker * Xi stokes economic reform hopes in China * South Korean IPOs: on hold * Mexico stocks hit record high * Rothschild secures capital in Bumi battle * Rousseff...
...The drinks group aspires to buy José Cuervo partly because the Mexican company’s tequila is an established brand in the US and could be promoted more heavily elsewhere....
...Diageo, the world’s largest spirits company by sales, is stepping up the pressure on the family owners of tequila maker Jose Cuervo, demanding a resolution to year-long talks over an acquisition within the...
...Tequila-thirsty Diageo is in talks to acquire Cuervo for about $2bn, the Financial Times reported last week, according to people familiar with the matter....
...Diageo, the world’s largest spirits company by revenues, is in talks to acquire Jose Cuervo, the family-owned tequila maker, according to people familiar with the matter....
...But Jose Cuervo may need some bolstering in the US. Here, the brand’s dominant market position is under attack from up-and-coming Patron tequila....
...The broker also argued that Jose Cuervo, the family-owned tequila brand, may be a target. A broad-based, light volume rally pushed the FTSE 100 higher by 1.4 per cent, or 66.91 points, to 4,756.58....
...Pernod already owns two Mexican tequila brands in Olmeca and Viuda de Romero....
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