VALLE DE CASABLANCA, Chile, Nov 23- Well into their drive to make Chile's wines less about bang-for-your-buck and more about premium vino, vintners in the world's fourth largest wine exporter are watching some of their promising vines wither with climate change. Nestled between the Pacific Ocean to the west and the Andes mountain range on the east, Chile's...» Read More
TOKYO, Oct 26- Japan's Suntory Holdings Ltd will need at least three years to bed down its integration with U.S. bourbon maker Beam and in the meantime it will not consider an initial public offering or any large-scale acquisitions, its president said. He also said there were no assets of "strategic interest" likely to come onto the market as a result of the planned...
SYDNEY, Oct 14- Australia's Treasury Wine Estates, the world's top standalone winemaker, will buy most of Diageo Plc's U.S. and British wine unit for $552 million, making a second tilt at the U.S. market after its disastrous retreat two years ago. Diageo has a portfolio comprising 80 percent "masstige" and luxury labels from its Napa, California base.
SYDNEY, Oct 14- Australia's Treasury Wine Estates, the world's biggest standalone wine maker, said on Wednesday it had agreed to buy the majority of Diageo Plc's U.S. and British wine operations for $552 million. Clarke has instead been eyeing acquisitions of higher quality, more profitable labels in the U.S. like those in the Diageo portfolio.
NEW YORK, Sept 21- Meal-kit company Blue Apron is starting a wine subscription service as the New York- based startup seeks to expand amid a crowded market for takeout alternatives. The move into wine marks the first major step Blue Apron has taken since it said it raised $135 million in funding in June, putting the company at a $2 billion valuation.
*Mindful of craft beer growth, Diageo and Pernod respond. LONDON, Sept 4- Small, independent distillers are popping up and taking market share but liquor giants like Diageo and Pernod Ricard say barriers to entry and the range of spirits already available will limit their impact. "The U.S. spirits market faces a growing threat of substitution," analysts at Credit...
MADRID/ LONDON, June 11- Spanish drinks company J.Garcia Carrion, owner of the Don Simon brand, is interested in finding a financial partner, a senior executive told Reuters on Thursday, as it seeks to boost its business internationally. The company, which claims to be the world's fifth-largest winemaker and Europe's fourth-largest juice producer, would prefer...
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