LONDON (Reuters) – Suntory Holdings Ltd SUNTH.UL has agreed a $16 billion deal to buy Beam Inc (BEAM.N: Quote, Profile, Research, Stock Buzz), making the Japanese company the world’s third-largest maker of distilled drinks with a global footprint.
The company is paying $13.6 billion in cash for Beam shares as well as assuming its net debt, bringing together Beam’s Jim Beam and Maker’s Mark bourbons, Courvoisier cognac and Sauza tequila with Suntory’s Yamazaki, Hakushu, Hibiki and Kakubin Japanese whiskies, Bowmore Scotch whisky and Midori liqueur.
LONDON (Reuters) – Diageo PLC (DGE.L: Quote, Profile, Research, Stock Buzz) and celebrity rapper turned business mogul Sean “Diddy” Combs have jointly bought luxury U.S. tequila brand DeLeon, hoping to repeat the success they have had with the company’s fast-growing Ciroc vodka.
The American record producer, actor and entrepreneur became the face of Ciroc in 2007 under a joint marketing and profit-sharing deal which has brought a near 40-fold rise in annual sales volumes for the brand’s products.
LONDON, Jan 6 (Reuters) – Dairy cooperative Arla Foods
has nearly doubled the number of British farmers that
are owners in its business as the company works to raise sales
in international markets like Africa and China, where demand for
dairy products is growing.
European farmers are particularly keen to access those
markets, since the European dairy industry will see an end to
production quotas in 2015. The change is expected to flood the
market with new milk that could push down prices.
LONDON (Reuters) – With revellers raising a glass of bubbly to the new year, England’s tiny sparkling wine industry is set for a lift in 2014 as established brands step up export plans and newcomers join the party.
Internationally, England may be known for its ale, cider and gin, but it is also home to 432 vineyards and 124 wineries, mostly along the southeast coast, which has similar geology and climate to France’s Champagne region across the Channel.
LONDON, Dec 18 (Reuters) – Graham Mackay, the chairman of
brewer SABMiller and one of the best-known figures in
the global consumer goods industry, died on Wednesday from
cancer. He was 64.
Mackay spent 35 years at SABMiller, steering its
transformation from a South African industrial conglomerate to
the world’s second-largest beer maker with annual sales of $34.5
billion and 200 brands including Miller Lite, Peroni and Pilsner
LONDON, Dec 13 (Reuters) – India’s United Spirits
could attract more buyers for its Whyte & Mackay Scotch whisky
business and tip the price over the expected 450 million pounds
($735 million) if it included the single malt Dalmore, sources
familiar with the matter say.
A sale of most of Whyte & Mackay was offered last month by
Diageo to appease UK regulators concerned its purchase
of a controlling stake in Whyte & Mackay’s owner, United
Spirits, would hurt competition in the world’s No. 3 Scotch
market behind France and the United States.
LONDON (Reuters) – Consumer products giant Unilever Plc (ULVR.L: Quote, Profile, Research, Stock Buzz) (UNc.AS: Quote, Profile, Research, Stock Buzz) aims to cut the number of individual products it sells by 30 percent by the end of 2014 to become more efficient and navigate a global economic slowdown it admits it was slow to confront.
The Anglo-Dutch maker of Ben & Jerry’s ice cream, Lipton tea and Dove soap also said on Thursday it is cutting about 2,000 jobs and will continue to adjust its portfolio.
MOSCOW/LONDON, Dec 4 (Reuters) – Philip Morris International
Inc and Japan Tobacco Inc are buying 20 percent
stakes in their Russian distributor Megapolis for $750 million
each, strengthening their grip on the world’s No.2 cigarette
market by volume after China.
Russia, where 40 percent of the adult population smoke, is a
key battleground for foreign tobacco companies grappling with
dwindling sales in many developed markets where government
regulation is becoming stricter and smokers fewer.
LONDON, Nov 28 (Reuters) – Britain signalled it would force
tobacco companies to scrap branded cigarette packaging on
Thursday in an attempt to reduce the number of children who may
be drawn to smoking by striking and brightly coloured packs.
In a surprise decision that was welcomed by cancer research
charities but scorned by some tobacco companies, the government
said it was appointing a paediatrician to examine whether plain
packaging would reduce the human and financial cost of smoking.
LONDON/BERLIN (Reuters) – For consumers, one of the great things about shopping online is bypassing the queue to check out. For producers of the candy, magazines and drinks often sold there, it’s a problem.
In Britain, the country where e-commerce is most popular, about 13 percent of people do all or most of their grocery shopping online. Yet this only accounts for 5 percent of overall spending, suggesting consumers spend more when they visit a store.