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Distillers and Vintners

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  • Campari to buy Canadian whisky company for $170 million Wednesday, 12 Mar 2014 | 5:02 AM ET

    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.

  • Ackman's Pershing Square trims holdings of Beam Friday, 31 Jan 2014 | 5:53 PM ET

    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.

  • SEOUL/ HONG KONG, Jan 21- A story Oriental Brewery boss Chang In-soo often tells about his days as a soju salesman is how he and two clients once worked through 29 bottles of the traditional Korean rice liquor at a single sitting. Oriental Brewery has certainly performed well in the five years under KKR& Co and Korea specialist Affinity Equity Partners.

  • HONG KONG, Jan 20- Anheuser-Busch InBev SA, the world's largest brewer, has agreed to buy South Korea's Oriental Brewery Co Ltd from KKR& Co and Affinity Equity Partners for $5.8 billion including debt, regaining ownership of a key Asian asset at a time of strong growth in the industry across the region.

  • TOKYO/ HONG KONG, Jan 16- A joint venture between U.S. investment bank Morgan Stanley and Japan's Mitsubishi UFJ Financial Group, which suffered from a culture clash in its early stages, looks to have found its footing.

  • HONG KONG, Jan 15- China shares again underperformed most of Asia early on Wednesday, limiting gains in Hong Kong, after weaker-than-expected money supply and loan growth data deepened concerns about tightening liquidity in the mainland.

  • Minimum wage windfall? States test the idea Tuesday, 14 Jan 2014 | 3:50 PM ET
    A worker puts together an order of Chicken McNuggets at a McDonald's restaurant in Little Falls, N.J.

    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.

  • LONDON, Jan 8- Diageo PLC and celebrity rapper turned business mogul Sean "Diddy" Combs have jointly bought luxury U.S. tequila brand DeLeon, hoping to repeat the success they have had with the company's fast-growing Ciroc vodka.

  • TOKYO, Dec 31- After years of being overshadowed at home and practically unheard of overseas, Japan's whisky distilleries are expanding capacity as their malts become serious contenders against Scottish and Irish brands.

  • *Eyes expansion in Singapore, Hong Kong, Australia and Nordics. LONDON, Dec 31- With revellers raising a glass of bubbly to the new year, England's tiny sparkling wine industry is set for a lift in 2014 as established brands step up export plans and newcomers join the party.

  • LONDON, Dec 13- India's United Spirits could attract more buyers for its Whyte& Mackay Scotch whisky business and tip the price over the expected 450 million pounds if it included the single malt Dalmore, sources familiar with the matter say.

  • L'Oreal on Nestle deal: 'This is business fiction' Friday, 30 Aug 2013 | 2:01 AM ET
    Jean-Paul Agon, chief executive officer of L'Oreal SA

    L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.

  • Vodka Reigns Supreme as 'Mad Men' Effect Fades Friday, 28 Jun 2013 | 8:12 AM ET

    If you couldn't be Don Draper on "Mad Men," you could at least drink like him, but now vodka is back as America's favorite.

  • Coca-Cola Enters 'Frontier Market' Myanmar Tuesday, 4 Jun 2013 | 4:47 AM ET

    As Coca-Cola unveiled its first processing plant in Myanmar, one analyst warned that the move into frontier markets could mean emerging markets are not as attractive to multi-nationals as they once were.

  • Nothing Easy About Fresh & Easy Wednesday, 17 Apr 2013 | 1:19 PM ET
    A customer carries Tesco-branded shopping bags as she leaves one of the company's stores.

    British grocery giant Tesco came to America nearly six years ago. Sadly for the British company, its invasion ended like the Revolutionary War.

  • Global Growth Creates US Jobs: General Mills CEO Thursday, 11 Apr 2013 | 3:54 PM ET

    The "astonishing" growth of the middle class in emerging markets is benefiting General Mills and creating jobs in the U.S., CEO Ken Powell told CNBC's "Street Signs" on Thursday.

  • Beer and Africa: A Recipe for Profit? Monday, 25 Mar 2013 | 9:56 AM ET

    One sector that is yet to be truly tapped in Africa is the brewing industry, according to research firm Bernstein Research, which believes it is probably the most attractive region for long-term profit growth for global brewers.

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