16 October 2024
16 October 2024
Reporting nine-month sales numbers, the Hennessy owner said demand for Cognac in China had been “weak”.
The deal sees it take charge of a family-run business founded in 1996.
Pastuszka, who joined Anora from Carlsberg last October, has informed the company’s board of directors he wants to retire.
Through the investment, spanning from 2023 to 2027, the company is aiming to double its sales volume in the region.
The unit of China Resources Holdings aims to begin trading in Hong Kong on 23 October.
The non-binding offer from Arla Foods has put a price tag of $183m for Domty.
The brand also named celebrity chef Nick DiGiovanni as a brand ambassador.
The deal sees the combination of the Acqua Sant’Anna and Eau Neuve brands.
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