FRANKFORT, Ky.— Kentucky bourbon makers are churning out larger volumes of whiskey being stored for aging. The Kentucky Distillers' Association said Tuesday the state's bourbon inventory has topped 5 million barrels for the first time since 1977.. It says Kentucky bourbon distilleries filled 1.2 million barrels last year, the most since 1970..» Read More
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.
PARIS, June 18- Japan's Ajinomoto Co may not have found a partner in French ingredients company Diana Group, but unlike the famous Paul Anka love song- a favourite of CEO Masatoshi Ito- the food company is moving on, and looking for other deals.
SYDNEY, May 23- Australia's Treasury Wine Estates Ltd, the world's No. 2 wine company, denied it was talks to be acquired by China's Bright Food Group Co Ltd, the latest potential suitor named in a string of media reports that have sent its share price surging.
SYDNEY, May 20- Australia's Treasury Wine Estates is betting its Penfolds brand and a cost-cutting new CEO will boost earnings and justify its decision to reject a $2.90 billion takeover offer from private equity giant Kohlberg Kravis Roberts& Co LP.
SYDNEY, May 20- Australia's Treasury Wine Estates, the world's second biggest winemaker by sales, said it rejected a A $3.1 billion takeover offer from private equity giant Kohlberg Kravis Roberts& Co LP on the grounds that it was too low.
The U.S. became the world's biggest market for wine last year, beating France into second place for the first time.
PARIS, May 13- The United States became the world's biggest market for wine last year, beating France into second place for the first time as consumption slides in the country long seen as its natural home and Americans develop a greater taste for it.
PARIS, May 13- The United States became the world's biggest wine market last year, beating France into second place for the first time as consumption slides in the country widely seen as the drink's natural home and Americans develop a greater taste for it.
PARIS, May 13- The United States became the world's biggest wine market last year, beating France into second place for the first time as consumption falls in the country widely seen as the drink's natural home.
SYDNEY, May 2- Treasury Wine Estates Ltd shares jumped more than 14 percent on Friday after French liquor giant Pernod Ricard SA reportedly said it was interested in buying the Australian company's troubled U.S. assets.
*Diageo says biomass an' integral part' of strategy. SPEYSIDE, Scotland, April 4- Scotch whisky distillers are burning their unwanted grain byproducts, wood chips and other types of biomass for a source of energy in remote areas of the Highlands, where gas links are scarce and fuel oil is pricey.
*Morgan Stanley tops global rankings. LONDON, March 28- A string of large transactions drove the value of global mergers and acquisitions activity up by 54 percent in the first quarter compared to the same period last year, reflecting greater deal-making confidence among chief executives.
WASHINGTON, March 18- If anyone should find it odd that a Japanese distillery was planning to merge with a U.S. bourbon brand steeped in the history of the American South, the answer could be found on a cocktail menu. Prices for bourbon, a type of whiskey distilled from at least 51 percent corn, have risen faster than inflation in the United States for years.
SPI Group, owner of Stolichnaya vodka, Italy's Campari and private equity firms Lion Capital and TPG Capital Management are among the interested parties likely to have bid, said the sources, who declined to be identified since the process is private.
MILAN, March 12- Drinks group Campari has agreed to buy Canada's Forty Creek Distillery for 185.6 million Canadian dollars, the Italian company said on Wednesday.
AMATITAN, Mexico, Feb 11- An expected surge in Chinese demand should boost Mexico's tequila exports by 20 percent within a decade, according to the regulator of the country's signature cactus-based liquor, and producers are gearing up for a boom.
Italian varieties are the top imported wine in the United States, which is the world's largest consumer market, according the Italian Wine and Food Institute. Sales of Moscato imported from Italy were up 26.3 percent by volume for the 52 weeks ending Jan. 4, according to the Nielsen ratings company.
TOKYO, Feb 3- Japan's biggest banks, flush with cash from a year-long stock market rally, are poised to benefit this year from a spurt in loan growth at home fuelled by the economic stimulus measures of Prime Minister Shinzo Abe.
BOSTON, Jan 31- Hedge fund manager William Ackman sold 7.3 million shares in Beam Inc this week, according to a regulatory filing on Friday, trimming his holdings three weeks after the share price spiked on news of a planned takeover by Japanese whiskey maker Suntory Beverage& Food Ltd.
Companies and industries that rely on low-income spenders could see a boost to the bottom line thanks to rising wages in many American states.