News Briefs for February 10, 2014
February 10, 2014•India’s Supreme Court has reportedly delayed its examination of the disputed portion of Diageo’s stake in United Spirits Ltd. (USL) until April. Reuters reported today that the court has directed the “status quo” to be maintained in the matter until then, when it will examine the case at length. Diageo now holds a 28.8% controlling stake in USL, India’s dominant spirits producer. A portion of that stake—about 6.9%—is being challenged by creditors to debt-laden Kingfisher Airlines, part of former USL parent UBHL.
•In March, Independent Distillers USA’s Woodstock Bourbon will debut two new flavors—a premium chocolate Bourbon called After Dark and a vanilla Bourbon called Vanzilla. Said to be the first chocolate and vanilla Bourbons on the market, these latest expressions follow Woodstock’s 2012 launch of a cinnamon-flavored Bourbon called Hot Licks and honey-flavored expression Killer Bee. All of the above are 70 proof and feature 100% Woodstock Bourbon produced in Kentucky, retailing for $16.99 a 750-ml. bottle. Independent Distillers USA’s portfolio also includes the Twisted Shotz line of readymade shots.
•Chile’s Concha y Toro has appointed Russian Standard as its exclusive distributor for the Russian market. The Concha y Toro portfolio of Casillero del Diablo, Frontera, Sunrise, Trio, Marques de Casa Concha, Terrunyo, Amelia, Carmin de Puemo and Don Melchor wines are included in the agreement, which will be managed by Roust Inc., Russian Standard’s distribution arm in Russia. Russia has been one of the world’s fastest-rising imported wine markets in recent years.
Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.Tagged : Amelia, Carmin de Puemo, Casillero del Diablo, Concha y Toro, Don Melchor, Frontera, Independent Distillers USA, Kingfisher Airlines, Marques de Casa Concha, Russian Standard, Sunrise, Terrunyo, Trio, Twisted Shotz, UBHL, United Spirits Ltd., Woodstock Bourbon
