News Briefs for August 19, 2013August 19, 2013
•Paul Walsh, who recently retired as CEO of Diageo, has been appointed to the board of directors of Indian spirits giant USL, in which Diageo now has a 25% stake. Walsh stepped down as Diageo’s chief executive on June 30, but in recent days was retained by the company “in a role with the Scotch whisky industry” for up to five years. He’s also joining Compass catering group as chairman next year. When Diageo acquired a further 14.98% of USL last month to raise its ownership stake to 25.02%, it effectively gained control of the company, which has long dominated India’s vast spirits market. USL has also appointed Vikram Singh Mehta, an oil industry executive with extensive experience in India and around the globe, as an independent director of the company.
•Irish Distillers has unveiled the 2013 vintage of its Midleton Very Rare blended whiskey. Made from a blend of several hand-selected whiskies, Midleton Very Rare is triple distilled and aged in lightly charred, ex-Bourbon barrels for up to 20 years, with each bottle featuring the master distiller’s signature. The 2013 edition marks the final vintage signed by Midleton’s former master distiller Barry Crockett, who was awarded Whisky Advocate’s Lifetime Achievement Award earlier this year. In addition to the Midleton Very Rare, Midleton’s specialty portfolio also includes its Midleton Barry Crockett Legacy label.
•BevMo is opening two new northern California stores this month. The retailer launched its 139th location, a 7,200-square-foot store in San Leandro, on August 16th and will open its 9,931-square-foot Petaluma store (the 140th location across California, Arizona and Washington) on August 23rd.