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Tag Archive: Puerto Rico

Bacardi Leads The Way In Puerto Rico Recovery Effort

With Puerto Rico still reeling from the devastation wrought by Hurricane Maria last month, one of the island’s most prominent businesses—Bacardi—is stepping up to play a major role in the relief efforts. Continue reading →

Posted in News on October 4, 2017

News Briefs for April 23, 2012

•After months of talks, Russian Standard has secured a deal to increase its stake in rival vodka producer Central European Distribution Corp. from 9.9% to 28% for up to $310 million. Continue reading →

Posted in News on April 23, 2012

With DonQ On The Rise, Serrallés USA Eyes Wider Portfolio

Up to now, Puerto Rican rum maker Destilería Serrallés has derived the lion’s share of its business from its contract production of Diageo’s Captain Morgan. But with the Captain’s production being moved entirely to the U.S. Virgin Islands by next year, Serrallés is set to lose around 70% of its volume. Accordingly, the company is now shifting gears and investing to drive sales of its own rum brand, DonQ, in the U.S. market through its Serrallés USA unit. With that effort proceeding, Serrallés is also now eyeing partnerships and new brand introductions to broaden its U.S. portfolio. Continue reading →

Posted in News on August 24, 2011