Tag Archives: Diageo

Diageo makes US single malt play with Balcones Distilling buy

Diageo has bought the American single malt whisky producer Balcones Distilling for an undisclosed sum. The deal – announced today (2 November) and financed through the London-headquartered firm’s existing cash resources – is Diageo’s first full scale acquisition in the American single malt category. Diageo also has a minority investment in Westward Whisky via its Distill Ventures accelerator. Texas-based Balcones Distilling – which

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The big bets placed on China’s budding malt whisky industry

Local players have joined Diageo and Pernod Ricard in investing in the nascent market. Malt whisky production in China remains in its infancy, but the early signs – given the depth of investment from multinationals and local operators alike – are that the industry will swiftly acquire considerable scale. The ventures from Diageo and Pernod Ricard, with planned expenditure so

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Diageo to Sell 32 Indian Brands to Inbrew for $106 Million

Diageo Plc will sell 32 of its liquor brands in India to Inbrew Beverages Pvt. for 8.2 billion rupees ($106 million) as the alcoholic beverage maker seeks sustainable long-term profitable growth by pruning some of its low-margin products. United Spirits Ltd., the Indian arm of Diageo, and Inbrew have agreed on the sale of the entire business undertaking including contracts, permits, intellectual property

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