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Diageo

Diageo turnaround plan soothes investors but some doubts remain

Diageo turnaround plan soothes investors but some doubts remain

Wed, Feb 07, 2024

Diageo's attempt to reassure investors about its strategy in Latin America has boosted confidence among some that the world's top spirits maker can revive its performance after a profit warning, but doubts remain for others.

Liquor Companies Seek Price Hike as Inflation Dulls Spirits;, Which Drinks to be Affected?

Liquor Companies Seek Price Hike as Inflation Dulls Spirits;, Which Drinks to be Affected?

Tue, Feb 21, 2023

Liquor companies including Diageo, Pernod Ricard, Radico Khaitan and United Breweries said they are aggressively seeking price increases from the government after inflation in key raw materials squeezed gross margins significantly even as demand breached pre-pandemic levels. Liquor will become costlier by 12% in UP. Know full details from Nupur.

Diageo-backed United Spirits aims to be top consumer product company in India, expands play in premium segment

Diageo-backed United Spirits aims to be top consumer product company in India, expands play in premium segment

Wed, Jun 01, 2022

The company is working on a premiumisation strategy and is also reshaping its portfolio to strengthen its play in prestige and the upper segment with renovations and innovations.

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United Spirits to sell 32 popular mass brands to Singapore-based Inbrew Beverages for Rs 820 crore

United Spirits to sell 32 popular mass brands to Singapore-based Inbrew Beverages for Rs 820 crore

Sun, May 29, 2022

The company has signed a sale and franchise agreement for select popular brands with Inbrew, a joint statement said.

United Spirits extends deadline for strategic review of selected popular brands by 3 months

United Spirits extends deadline for strategic review of selected popular brands by 3 months

Mon, Dec 27, 2021

Diageo-controlled United Spirits Ltd (USL) has extended the timeline for completing the "strategic review" of its select popular brands, by another three months till March 31, 2021.

British beverage giant Diageo wins $135 mn claim against Vijay Mallya in UK court

British beverage giant Diageo wins $135 mn claim against Vijay Mallya in UK court

Fri, May 24, 2019

Over and above the USD 135 million, Mallya is liable to pay interest incurred at a commercial rate as well as 200,000 pounds towards legal costs.

Mallya fails to delay USD 40mn Diageo claim, legal costs mount in UK

Mallya fails to delay USD 40mn Diageo claim, legal costs mount in UK

Fri, Apr 12, 2019

The delay is at best unexplained and arguably of the defendant's [Mallya] own making. In my view, the claimants [Diageo] are entitled to have their claim progressed expeditiously, Justice Moulder said, concluding that Mallya was the author of its own misfortune.

Guilty of contempt on two counts, Supreme Court tells Vijay Mallya

Guilty of contempt on two counts, Supreme Court tells Vijay Mallya

Tue, May 09, 2017

On April 18, Mallya was arrested for just three hours by Scotland Yard in London and was granted bail by Westminster Court.

Vijay Mallya's sweetheart deal: Sebi may order payout for small investors

Vijay Mallya's sweetheart deal: Sebi may order payout for small investors

Thu, Jan 26, 2017

Market regulator Sebi is likely to order additional payout to small investors by way of a fresh open offer in loss to minority shareholders of United Spirits promoted by Vijay Mallya and new owner Diageo.

Vijay Mallya barred: Diageo says Sebi's order on United Spirits 'misconceived'

Vijay Mallya barred: Diageo says Sebi's order on United Spirits 'misconceived'

Thu, Jan 26, 2017

Diageo said, "Diageo is clear that the Watson backstop guarantee arrangements were not part of the price paid or agreed to be paid for any USL shares under the Original USL Transaction and therefore believes the decision in the SEBI notice to be misconceived and wrong in law and has appealed against it before the Securities Appellate Tribunal, Mumbai (SAT) on 29 July 2016."

Respond to banks' plea on $40 million transfer: SC to Vijay Mallya

Respond to banks' plea on $40 million transfer: SC to Vijay Mallya

Wed, Jan 11, 2017

Acting on banks' allegations that liquor baron Vijay Mallya had transferred $40 million (nearly Rs 266.11 crore) to his children in "flagrant violation" of various judicial orders, the Supreme Court (SC) on Wednesday asked him to file his response on the matter in three weeks.

Interpol denies India's request; no red-corner notice against Vijay Mallya

Interpol denies India's request; no red-corner notice against Vijay Mallya

Sat, Jun 04, 2016

Earlier this year, Britain had refused to deport Mallya.

Sebi bans wilful defaulters from markets, holding board positions

Sebi bans wilful defaulters from markets, holding board positions

Thu, May 26, 2016

While putting in place a stringent framework to choke the funding sources for wilful defaulters, Sebi has also restrained such entities from setting up market intermediaries like mutual funds and brokerage firms.

Vijay Mallya case: United Breweries' seeks a month's time to file fiscal results

Vijay Mallya case: United Breweries' seeks a month's time to file fiscal results

Mon, May 23, 2016

The SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 mandates a company to file financial results within 60 days of the end of every financial year.

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