Monday, December 23

Tag: Food/Beverages

Californian Vineyard Founded by Lebanese Migrants Sells for Up to $1 Billion
31Oct By adminNo Comments
World

Californian Vineyard Founded by Lebanese Migrants Sells for Up to $1 Billion

Updated Oct. 30, 2023 10:43 pm ETSYDNEY—A Californian vineyard set up by two Lebanese migrants who got their first break making wines in a garage in rural San Diego has been acquired by Australia’s Treasury Wine Estates, one of the world’s largest vintners.DAOU Vineyards, owned by Georges and Daniel Daou, has agreed to be bought by Treasury Wine Estates for up to $1 billion in a move the Australian company said provides it with scale to potentially launch a luxury wine division covering the Americas. Treasury is among major producers seeking to generate more revenue from premium wines, which can sell for hundreds of dollars per bottle, as data suggest consumers are buying less bulk wine.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...
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Remy Cointreau Slashes Guidance After Sales Slump
27Oct By adminNo Comments
World

Remy Cointreau Slashes Guidance After Sales Slump

Remy Cointreau cut its sales forecasts for fiscal 2024 after sales plunged in its second quarter as Americans drink less cognac.The Paris-based owner of Remy Martin cognac posted sales of 379.2 million euros ($400.6 million) for the three months to the end of September, down 17% in reported terms and 11% organically. Cognac sales fell to EUR261 million, down 24.5% on a reported basis and 18% organically.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Brynwood Raises $750 Million to Back Consumer Brands
26Oct By adminNo Comments
World

Brynwood Raises $750 Million to Back Consumer Brands

Oct. 26, 2023 6:30 am ET|WSJ ProBrynwood Partners, a buyout shop that targets consumer products, has raised its largest investment pool since the firm’s founding nearly 40 years ago. Greenwich, Conn.-based Brynwood said it wrapped up its Brynwood Partners IX fund with more than $750 million, or around 16% more than it collected for a predecessor vehicle that closed on $649 million in 2018.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8The go-to source for all things private equity.News, data and analysis to help you find opportunities, and to follow the broad trends in dealmaking, investing and regulation.
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Heineken Backs 2023 Views Despite Seeing Weakening Consumer Demand
25Oct By adminNo Comments
World

Heineken Backs 2023 Views Despite Seeing Weakening Consumer Demand

Updated Oct. 25, 2023 2:41 am ETHeineken backed its full-year guidance after third-quarter revenue slightly missed market expectations, as the group focus on improving business performance amid a slowing consumer demand.The Dutch brewer said adjusted net revenue before exceptional items and amortization—one of its preferred metrics—rose to 8.015 billion euros ($8.49 billion) in the quarter from EUR7.79 billion last year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Synlait Milk Taps Paul McGilvary as Interim Chair After Robertson Exit
24Oct By adminNo Comments
World

Synlait Milk Taps Paul McGilvary as Interim Chair After Robertson Exit

Synlait Milk said Simon Robertson has resigned as chair of the board after three years in the role.The New Zealand-based dairy supplier on Monday said independent director Paul McGilvary will act as interim chair while it looks for a permanent replacement.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Australia, China Take Steps to Resolve Wine Dispute as Trade Row Cools
22Oct By adminNo Comments
World

Australia, China Take Steps to Resolve Wine Dispute as Trade Row Cools

ADELAIDE, Australia—Australia will suspend a dispute with China before the World Trade Organization over antidumping duties on Australian wine after Beijing agreed to an expedited review of the measures, another sign of improving ties between the two countries.Beijing’s review of its duties on Australian wine imports is expected to take five months and Canberra will resume its dispute at the WTO if the duties aren’t removed at the end of the review, Australia’s Prime Minister Anthony Albanese said Sunday. Albanese also said he plans to meet with President Xi Jinping in China next month, the first visit to China by an Australian prime minister since 2016.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sobriety Is In, and Nonalcoholic Beer Sales Are Soaring
14Oct By adminNo Comments
Money

Sobriety Is In, and Nonalcoholic Beer Sales Are Soaring

Sales of non-alcoholic beer are soaring in the U.S., thanks to improved quality and taste, as well as generational shifts in drinking culture. For brewers, it is a welcome source of new growth and a focus area for investment. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sobriety Is in, and Non-Alcoholic Beer Sales Are Soaring
13Oct By adminNo Comments
World

Sobriety Is in, and Non-Alcoholic Beer Sales Are Soaring

Sales of non-alcoholic beer are soaring in the U.S., thanks to improved quality and taste, as well as generational shifts in drinking culture. For brewers, it is a welcome source of new growth and a focus area for investment. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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