M&A
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NewsPernod Ricard mulls sale of Mumm champagne
The Paris-headquartered group is shifting away from wine toward spirits
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NewsKeystone continues acquisition spree with deal for North Brewing
Keystone has now acquired three beer brands in the space of a week
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NewsPooch & Mutt acquires pet gut health firm Biome9
Natural petcare brand Pooch & Mutt has expanded its offering with the acquisition of gut health testing tech firm Biome9, which is backed by Warburtons boss Jonathan Warburton and former Pets at Home CEO Peter Pritchard
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NewsKeystone Brewing Group swoops for ailing craft beer brands Fourpure and Magic Rock
Owner In Good Company had ‘fallen into financial difficulties’ said Keystone
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NewsDiageo sells Cacique rum to La Martiniquaise
It’s the second brand sold by Diageo in six months
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NewsCMA launches investigation into sale of The Famous Grouse
The blended whisky is the fourth-biggest spirits brand in the UK off-trade
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NewsDiageo sells Guinness Ghana shareholding in ‘efficiency and profitability’ drive
Diageo is pursuing an ‘asset-light’ production model for Guinness in Africa
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NewsIsla Délice picks up German-halal brand Gurkan
Isla Délice also own Takul, one of the UK’s fastest-growing halal brands
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Comment & OpinionWas ruling out an £8bn Guinness sale genius or insanity?
There are compelling reasons for a Guinness offload, but such a move would have been a huge gamble for Diageo
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NewsCity snapshot: WH Smith confirms high street sell-off talks, while Diageo rules out Guinness sale
WH Smith is exploring a potential sale of its high street stores in a bid to become a pure-play travel business, and Diageo rules out a sale of Guinness
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NewsWH Smith explores sale of high street division
WH Smith is in talks to sell off its high street retail operation to focus exclusively on the growing travel division of stores in airports and railway stations
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NewsDiageo rules out Guinness sale following offload rumours
Diageo said it had ‘no intention’ to offload Irish stout brand Guinness or its stake in Moët Hennessy
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NewsDiageo said to be ‘considering Guinness sale or spin-off’
Guinness has been a bright spot in a challenging period for Diageo
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NewsInnovatus and Babco merge to create spirits ‘powerhouse’
The combined company offers a broader range in its premium portfolio, bringing together Horse Guards Gin, Barentsz Gin, Pedrino Spritz and Wing Walker Rum (Innovatus) and Neptune Rum and Tofka toffee vodka (Babco)
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NewsSurya and Veetee hire advisors to explore strategic options
The Grocer has learned Surya engaged Grant Thornton and Veetee hired Goldman Sachs last year
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NewsBramble Foods acquires Whitakers to expand chocolate offering
The strategic move strengthened the Bramble Foods offering, uniting two family-owned brands with ‘a shared commitment to quality and heritage’, the group said
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NewsFood & drink deals boosted by budget tax worries in 2024
M&A activity in food & drink picked up significantly in 2024, with volumes driven higher in October as businesses raced to push through deals ahead of anticipated budget tax hikes by Rachel Reeves
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Comment & OpinionDoug Gurr running the CMA: what could possibly go wrong?
There is clearly still grrr in the Gurr, with the 60-year-old today announced as the new interim chairman of the Competition & Markets Authority
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NewsCompetition watchdog chair replaced by ex-Amazon boss
The competition watchdog failed to convince ministers it was sufficiently focused on growth
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NewsAlphaPet Ventures adds JR Pet Products to growing roster
The acquisition is AlphaPet’s fourth since 2020 as it looks to become a leading provider of premium petfood