Diageo-led spirits producer United Spirits has blocked a key revenue stream for the beleaguered UB Holdings by taking control of exports.
Heineken has rejected a takeover bid from brewer SABMiller, saying that it is “non-actionable”, after months of speculation within the industry.
Drinks giant Diageo is being sued by hundreds of residents who claim their homes have been blighted by a ‘whisky black’ mould.
The managing director of Pernod Ricard UK, Denis O’Flynn, has been elected the next chairman of the UK Wine and Spirit Trade Association.
The Scotch industry has not been quick enough to highlight the negative commercial implications of an independent Scotland, according to one respected whisky industry figure.
Diageo has opened the doors to its new €169 million brewery in Dublin – the world’s largest stout brewery.
Three independent directors have quit United Spirits’ board days after Diageo launched an investigation into the company’s finances.
United Spirits has revealed a net loss of £445 million, prompting majority owner Diageo to launch an investigation.
Several years of heavy investment in China has been blamed by many spirits producers as the root cause of a string of depressed annual results.
Billionaire chairman of United Spirits, Vijay Mallya, has been declared a “wilful defaulter”, calling his position as chairman of the company into question.
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