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Saturday 25 October 2014

United Spirits

Vijay Mallya re-appointed USL chairman

Vijay Mallya has been re-elected chairman of United Spirits despite being declared a “wilful defaulter” last month.

Wednesday, October 1st, 2014 No Comments »

Mallya suffers as USL take on exports

Diageo-led spirits producer United Spirits has blocked a key revenue stream for the beleaguered UB Holdings by taking control of exports.

Monday, September 15th, 2014 No Comments »

United Spirits’ directors quit board

Three independent directors have quit United Spirits’ board days after Diageo launched an investigation into the company’s finances.

Wednesday, September 10th, 2014 No Comments »

Inquiry launched over £445 million USL loss

United Spirits has revealed a net loss of £445 million, prompting majority owner Diageo to launch an investigation.

Friday, September 5th, 2014 No Comments »

United Spirits’ chairman faces exile

Billionaire chairman of United Spirits, Vijay Mallya, has been declared a “wilful defaulter”, calling his position as chairman of the company into question.

Tuesday, September 2nd, 2014 No Comments »

USL boss faces losing place on board

The boss of Indian producer United Spirits may have to quit the company’s board if he is found to be a “wilful defaulter” over the company’s outstanding debts.

Monday, August 18th, 2014 No Comments »

Diageo and SABMiller merger rumoured

Diageo and SABMiller are enjoying a rise in their stock ratings on the FTSE 100 amid rumours that the companies may merge.

Tuesday, July 1st, 2014 No Comments »

Diageo takes control of United Spirits

Five years after entering initial takeover discussions, Diageo has finally achieved ownership of United Spirits (USL), India’s dominant spirits company.

Monday, June 23rd, 2014 No Comments »

2014: A year of big budget takeovers

The drinks business predicted at the turn of the year that 2014 would see notable takeover activity and deal making in the sector, and so it has proved.

Monday, May 12th, 2014 No Comments »

Emperador buys Whyte & Mackay for £430m

United Spirits has confirmed the sale of its Whyte & Mackay Scotch whisky arm to the Philippines-based drinks manufacturer, Emperador.

Friday, May 9th, 2014 No Comments »

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