24 July 2024
24 July 2024
The US drinks behemoth beat Wall Street forecasts on the top and bottom lines.
United Spirits has made “strategic minority investments” in V9 Beverages and Indie Brews and Spirits.
Barclays analysts have described the Metaxa spirit owner's results as "a miss".
The luxury-goods group’s Wines & Spirits unit booked a 9% organic dip in revenues on 2023 to €2.8bn ($3bn).
KDP plans to “ramp” up operations in South Carolina.
Andrew Sinclair, the CEO of González Byass USA, said the deal “strengthens our national footprint”.
The US listed wine company said it faced “negative financial headwinds that severely impacted its liquidity position”.
“We can 100% guarantee this will not happen again,” Tenzing CEO van Bockel said.
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