Drinks

Asahi Bid for SAB Assets Said About $834 Million Above Runner-Up

Asahi Group Holdings Ltd. is paying a hefty premium for the business that owns Czech lager Pilsner Urquell, extending a pricey dealmaking spree by Japanese...

Moody’s: Diageo Set To Reduce Financial Leverage Faster Than Pernod Ricard

Moody’s Investors Service has offered an appraisal of drinks firms Diageo and Pernod Ricard, saying that the former is in a better position to reduce...

M&S Offers Private-Label Prosecco Magnum

UK retailer Marks & Spencer is capitalising on the surging demand for magnums of prosecco by offering M&S Conte Priuli Oro, ...

Campari Sells Italian Wineries For €62 Million

Gruppo Campari has signed an agreement for the sale of the ‘Sella & Mosca’ and ‘Teruzzi & Puthod’ wineries to Terra...

Lexis To Manage Pernod’s Chivas Brothers Account

UK advertising agency Lexis has landed Pernod Ricard’s Chivas Brothers brand portfolio account, and will be tasked with global corporate communicatio...

Remy Cointreau Sees Trump Tax Cuts Boosting US Luxury Sales

Luxury spending is set to benefit if U.S. President-elect Donald Trump succeeds in lowering U.S. taxes, spurring rich consumers to buy more, according to t...

Jose Cuervo Said To Delay Share Sale After Talking To Investors

Jose Cuervo, the world’s largest tequila maker, postponed plans for an initial public offering after reaching out to investors to get a sense of dema...

Pernod Ricard Champagnes Awarded For Sustainability

The French ministry for agriculture has awarded the Pernod champagne brands G. H. Mumm and Perrier-Jouët Haute Valeur Environnementale classification,...