Tag Archive: United Spirits
News Briefs for August 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. Continue reading →
Posted in News on August 19, 2013News Briefs for August 12, 2013
•Reports out of Scotland say several Whyte & Mackay (W&M) board members—including United Spirits Ltd. (USL) chairman Vijay Mallya—have stepped down from the United Spirits-owned whisky producer following Diageo’s acquisition of a controlling stake in USL. Continue reading →
Posted in News on August 12, 2013News Briefs for July 12, 2013
•Darden Restaurants has named Salli Setta president of its Red Lobster brand. Continue reading →
Posted in News on July 12, 2013Diageo Officially Ups USL Stake To 25%, Takes Control Of Indian Spirits Giant
Diageo has completed the final phase of its multi-part deal to become the largest shareholder in India’s United Spirits Ltd. (USL), adding 14.98% over the weekend from a share purchase agreement with Vijay Mallya’s UBHL to bring its holding in the company to 25.02%. Continue reading →
Posted in News on July 8, 2013Diageo Acquires Additional 10% Stake In USL
Diageo, which last year agreed to acquire control of India’s United Spirits Ltd. (USL), formally took an additional 10% stake in the Indian spirits giant yesterday. Continue reading →
Posted in News on May 28, 2013Diageo’s Open Offer For More USL Shares Attracts Few Takers
After agreeing to acquire 27.4% of India’s United Spirits Ltd. (USL) last November, Diageo had hoped to add another 26% through an open offer which closed April 26. Continue reading →
Posted in News on May 15, 2013
