21
Saturday
October 2017
6:32 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
US-based Sazerac Company buys stake in John Distilleries
 
(Bengaluru, Oct 20, 2017): John Distilleries Private Limited (JDPL), a leading liquor maker in India, today announced that Sazerac Company, a family-owned spirits company in the United States has acquired an equity stake in it.

Sazerac, owners of brands including Fireball, Southern Comfort, Buffalo Trace Bourbon, Pappy Van Winkle Bourbon and E H Taylor Bourbon, had acquired an equity stake in JDPL from Gaja Capital, who would continue to remain partially invested in the company, a release said.

This strategic partnership marks Sazerac's entry into the Indian market, one of the largest and fastest growing markets for spirits in the world, it added.

"Sazerac's technological expertise coupled with a global portfolio of brands spread across all spirit categories will be an added advantage for JDPL both in domestic and in global markets. We look forward to this partnership with Sazerac and in continuing to make our brands even stronger," JDPL's chairman and managing director Paul John said.

JDPL claims to be a leading spirits company in India with gross revenues of over Rs 28 billion in FY17.

With sales of more than 13 million cases, JDPL's portfolio includes Original Choice Whisky, Bangalore Malt, Paul John Single Malt (PJSM) and Big Banyan wines.

"We are extraordinarily excited to be able to establish this partnership in India, and look forward to working with Paul John and his team in supporting JDPL's iconic brands," said Sazerac Company's pPresident and chief executive officer Mark Brown.

Jefferies India acted as the exclusive financial advisor to Gaja Capital and Sazerac was advised by Rabobank. (PTI)


Now, Air India looks for Rs 1,500 crore short term loans
Gold sparkles on Diwali demand, tops Rs 31,000
Federal Bank, DCB profit up on loan growth
Bharti Airtel, Millicom close deal to combine Ghana ops
Leslie Thng takes over as Vistara CEO
India has high growth potential for next two decades: Jaitley
IMF favors three structural reforms in India
Royal Enfield drives into Vietnam, to sell 3 models
Petrol pump dealers call off Friday's strike
Inequality increased in China, India and US: IMF
India seeks UK's expertise for defence manufacturing
EU expands N Korea sanctions
Ford EcoSport Facelift To Get New 1.5-litre Petrol Engine
Idea Cellular tops Trai's 4G upload speed rankings
GST to facilitate ease of doing business: EU
RBI should help govt revive stalled projects, says Goyal
Demonetisation the biggest disaster, GST a great stunt: Mamata
India to renegotiate LNG rate with US, Russia
RBI ups inflation projection to 4.2-4.6% during second half
Sebi bars Skymarg Agro Industries India, 5 directors from mkt
KERALA NEWS
Saritha's complaint handed over to Crime Branch
 (Thiruvananthapuram, Oct 20, 2017, DG): Police DGP Loknath Behra has handed over the complain  
No pressure on us in Dileep's matter: AV George
Case registered against PC George
Trains to be regulated in Palakkad division till Nov1
INTERNATIONAL NEWS
Angela Merkel calls for cut to Turkey EU funding
 (Brussels, Oct 20, 2017): German Chancellor Angela Merkel has led calls for a cut to EU fundi
Barack Obama returns to the political arena
Lahore High Court orders release of Hafiz Saeed
Former Bangladesh PM Khaleda Zia gets bail in graft cases
NATIONAL NEWS
Modi offers prayers at Kedarnath, renews resolve to serve
 (Kedarnath (Uttarakhand), Oct 20, 2017): Prime Minister Narendra Modi on Friday offered praye
Ranjit Kumar resigns as solicitor general
DMK chief Karunanidhi makes public appearance
Chidambaram slams EC for not announcing Guj poll schedule
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.