Tag Archives: Diageo

Diageo makes US single malt play with Balcones Distilling buy

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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

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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

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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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