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ALCO BEV INVESTMENTS
Japan’s Kirin in talks to pull out of Bira 91 maker B9 Beverages amid brewing financial strainJapan's Kirin Holdings is seeking to exit its investment in Bira 91. The company holds a significant stake in the Indian craft beer maker. ...
Expects 6-7% volume growth, GST reforms to spur alcoholic beverage consumption: UBL CEO & MDUnited Breweries Ltd anticipates a 6-7% volume growth this fiscal year, despite rain-related setbacks in key states. Premiumization is expe...
Who leaves over Rs 70 crore to a star they've never met? Sanjay Dutt's fan story that left him heartbrokenIn 2018, Sanjay Dutt was surprised to learn that a fan, Nisha Patil, had left him property worth Rs 72 crore. Dutt had never met Patil. Ove...
USL to acquire majority stake in Nao SpiritsDiageo India's acquisition of a majority stake in Nao Spirits is underway. The enterprise value is estimated at Rs 130 crore. This move fol...
FTAs making India more competitive against markets like USA, China, BrazilIndia's Free Trade Agreements (FTAs) are enhancing its competitiveness against major markets like the USA and China, with exports reaching ...
Scotch, whiskey & more: Why the world is raising a toast to Indian tipplersTop spirit makers, including United Breweries, AB InBev, and Carlsberg, are investing over Rs 3,500 crore in Indian breweries by 2025, driv...
Diageo India ropes in Praveen Someshwar as its new CEO, to replace Hina Nagarajan in AprilUnited Spirits Limited announced the appointment of Praveen Someshwar as CEO-Designate. He will replace Hina Nagarajan as Managing Director...
Piccadily Agro to invest Rs 1,000 cr to expand capacity, open distillery in ScotlandPiccadily Agro, the company behind Indri Single Malt Whisky and Camikara Rum, revealed a significant investment plan of Rs 1,000 crore. Thi...
Piccadily Agro to invest Rs 1000 crore in capacity expansion; new distillery in Scotland also lined upPiccadily Agro is investing Rs 1,000 crore to expand its distillery and malt facilities in Haryana and Chhattisgarh, and establish its firs...
India outpaces China, becomes 2nd-biggest market for Pernod Ricard amid premium push, says CEOIndia has surpassed China to become the second-largest market by sales for French distiller Pernod Ricard, driven by a growing affluent pop...
Paul John single malts to step up exports, says company chairmanJohn Distilleries Ltd expanded its Goa distillery's capacity to 3 million litres annually, investing Rs 100 crore. This expansion aims to m...
This Indian craft beer maker is betting on a $70 million beer factory to take on global brewsB9 Beverages Ltd, supported by Kirin Holdings, aims to surpass global beer brands by building India’s largest beer factory for $70 million....
3 themes Devang Mehta is bullish on for near termThis is good time for FMCG as well as discretionary consumption to sort of come back as the entire market is now rallying and it is on a br...
Jimmy's Cocktails raises Rs 6 crore from Keki Mistry, othersRadiohead Brands, which makes Jimmy's Cocktails mixers, will use the funding from Vinay Agarwal, Keki Mistry and others for product develop...
DSG Consumer Partners makes final close of third fund at $65mThe consumer-focused investment firm, led by Deepak Shahdadpuri, will now have about $200 million worth of assets under management, doublin...
DSG Consumer Partners makes first close of Fund II at $35 millionDeepak Shahdadpuri-led investment firm DSG Consumer Partners (DSGCP) has made the first close of its second fund at $35 million.
DSG Consumer Partners ropes in Belgium's Verlinvest as an anchor investorThe decision to back the consumer-focused DSGCP II fund is a rare one for Verlinvest, which manages assets worth about $1 billion but prefe...
In a first, Sequoia Capital invests in craft beer brand Bira 91The $6 million in series A funding will be used in marketing of the brand as well as starting a production facility in Madhya Pradesh by Ma...
Alco-beverage ventures spring up in India; look to cater to demand for exotic spiritsImports of alco-beverages in India are highly regulated and subject to a high and complex tax structure Strict import regulations is also a...
- Hindusthan National Glass to acquire Germany's Agenda Glas for Rs 320 crore
Hindusthan National Glass Industries said it will acquire Germany-based Agenda Glas, AG, entailing an investment of nearly Rs 320 crore ove...