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Distillers and Vintners

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  • China and Australia to sign free trade deal Sunday, 16 Nov 2014 | 4:56 PM ET

    BRISBANE, Australia, Nov 17- China and Australia will sign a free trade deal on Monday that will open up markets worth billions of dollars to Australian exporters. The deal, which Chinese President Xi Jinping is due to sign in Canberra during a state visit to Australia, is more wide-ranging than many industries had anticipated, thanks to a last- minute breakthrough...

  • Supermarket sweep: What could lift Kroger shares Monday, 3 Nov 2014 | 12:37 PM ET
    A shopper outside a Kroger supermarket in Peoria, Illinois.

    Kroger has delivered 43 straight quarters of rising sales at stores open at least a year.

  • Take Benoit Perrot and brothers Matthieu and Antoine Mondesert, all in their early thirties, who last November founded Demain les Vins. Their business model combines selling with crowdfunding, an approach which this year will benefit Antoine Sunier, a 34- year-old who took up winemaking in the Beaujolais region after turning his back on telecoms.

  • Food prices hit 4-year low, Russia ban hurts Thursday, 11 Sep 2014 | 8:20 AM ET

    The UN food price index has dipped to a four-year low as good weather has resulted in an oversupply of cereals and dairy imports have slowed.

  • Sept 3- The leading vodka brands in the United States are losing their buzz as craft distillers and other alcoholic drinks infringe on their turf. Both Diageo Plc, which markets Smirnoff, and Pernod Ricard SA, known for its Absolut brand, say newcomers to the vodka market are cutting into their sales.

  • *U.S.- Russia ties soured by Ukraine crisis. MOSCOW, Russia, Aug 21- Russia said on Thursday it was investigating dozens of McDonald's restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.

  • *KKR& Co and TPG Capital in rival $3.1 bln takeover bids. SYDNEY, Aug 21- Australia's Treasury Wine Estates Ltd, the world's No. 2 winemaker, swung to its first annual net loss and missed analysts' forecasts as the takeover target grappled with massive oversupply in its U.S. arm and sales fell globally.

  • SYDNEY/ HONG KONG, Aug 11- Private equity giant TPG Capital Management LP made a $3.1 billion approach for Australia's Treasury Wine Estates Ltd, a source said, setting the scene for a possible bid war for the world's No.2 winemaker with rival KKR& Co..

  • SYDNEY, Aug 11- Australia's Treasury Wine Estates Ltd said on Monday it received a second, unsolicited $3.13 billion takeover approach, from a suitor it didn't identify, setting the scene for a potential bidding war for the world's No.2 winemaker. The offer matches last week's bid from private equity giant Kohlberg Kravis Roberts& Co LP and Rhone Capital LLC.

  • SYDNEY, Aug 11- Australia's Treasury Wine Estates Ltd said on Monday it had received a new takeover approach to rival the $3.15 billion bid from private equity giant Kohlberg Kravis Roberts& Co LP and Rhone Capital LLC, sparking the prospect of a bidding war for the world's No.2 winemaker.

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Monday, 4 Aug 2014 | 8:56 AM ET

    LONDON- Europe's largest bank HSBC warns that regulators' zeal to punish wrongdoing is putting its staff off taking reasonable business risks, as it reports a 12 percent drop in first-half profit. Portugal in $6.6 bln rescue of Banco Espirito Santo.

  • *Offer now valued at A $5.20 a share vs A $4.70 rejected in May. SYDNEY, Aug 4- Australia's Treasury Wine Estates is opening its books to Kohlberg Kravis Roberts& Co LP after the private equity giant hiked its takeover offer to $3.15 billion, raising the prospect of a bidding war for the world's No.2 winemaker.

  • MOSCOW, Aug 4- Russia's consumer protection watchdog is preparing to suspend imports of "Kentucky Gentleman" bourbon, adding to a growing list of products Russia has banned since the West imposed new sanctions over Moscow's support of rebels in Ukraine.

  • *Offer now valued at A $5.20 a share vs A $4.70 rejected in May. SYDNEY, Aug 4- Australia's Treasury Wine Estates is opening its books to Kohlberg Kravis Roberts& Co LP after the private equity giant hiked its takeover offer to $3.15 billion, raising the prospect of a bidding war for the world's No.2 winemaker.

  • SYDNEY, Aug 4- Kohlberg Kravis Roberts& Co LP has raised its bid for Australia's Treasury Wine Estates to $3.15 billion, the world's No.2 winemaker said on Monday, adding it would grant the private equity giant access for due diligence. Treasury said KKR and Rhone Capital LLC had raised their bid by 10.6 percent to A $5.20 per share from the A $4.70 offered in April.

  • *Liquor-makers rise on hopes for Hong Kong- Shanghai linkage. HONG KONG, July 18- China shares rose on Friday morning, reversing early losses as property counters surged after soft home price data triggered expectations of more mini-stimulus by local governments. Some of Hong Kong's losses were erased after China markets regained momentum.

  • HONG KONG, July 14- China shares posted their best daily gain in a month on Monday as carmakers extended recent gains after the government announced a fresh boost for the sector. The Shanghai Composite Index ended up 1 percent at 2,066.65 points, a four-week high, while the CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.1 percent.

  • HOBART, Tasmania, July 14- Young Australian vintner Nick Glaetzer's winemaking-steeped family thought he was crazy when he abandoned the Barossa Valley- the hot, dry region that is home to the country's world-famous big, brassy shiraz.

  • OK-KMC-China shares rise, led by liquor makers Tuesday, 24 Jun 2014 | 3:08 AM ET

    HONG KONG, June 24- China shares ended higher on Tuesday, with strong gains in makers of the country's fiery liquor baijiu led by Kweichow Moutai after media reports that some local governments have introduced policies to support the sector. The CSI300 of the leading Shanghai and Shenzhen A-share listings also advanced 0.5 percent.

  • US world's biggest wine market as France cut down Wednesday, 14 May 2014 | 1:22 AM ET
    Bottles of wine sit on a shelf at Ludwigs Fine Wine and Spirits on October 30, 2013 in San Anselmo, Calif.

    The U.S. became the world's biggest market for wine last year, beating France into second place for the first time.