UB PLANS TO UNITE OPERATIONS BY AUTUMN
Foster’s isn’t the only alcohol beverage company looking to shrink its operations into one entity. India’s UB Group has confirmed that the merger of its spirits companies – including McDowell & Co., Herbertson and Shaw Wallace Distilleries – should be complete by September.
As the third largest spirits producer by volume behind Diageo and Pernod Ricard, UB reported that 1st quarter earnings at McDowell & Co. more than doubled to $16.6 million with a 20% sales jump.
Going forward, Vijay Mallya said the group will continue focusing on premium liquor brands, like Black Dog and Royal Challenge Whiskey, to drive profitability and higher margins.
As the third largest spirits producer by volume behind Diageo and Pernod Ricard, UB reported that 1st quarter earnings at McDowell & Co. more than doubled to $16.6 million with a 20% sales jump.
Going forward, Vijay Mallya said the group will continue focusing on premium liquor brands, like Black Dog and Royal Challenge Whiskey, to drive profitability and higher margins.
posted at 1:01 PM
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