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Monday, Dec 211:32 AMShake-up in the vodka market
Monday, Dec 211:32 AM| Comment!
- Vodka sales could be strong in emerging markets as female consumers help shift the mix toward premium brands, forecasts Bernstein Research.
- Pernod Ricard (PDRDY) and Diageo (DEO -1%) are two companies that could benefit from the trend, although as of late Diageo's Smirnoff brand has gained market share at a faster clip than Pernod's Absolut.
- Beam (BEAM -0.5%) is also in the vodka mix with its U.S-focused Pinnacle brand growing at a double-digit rate.
Monday, Oct 242011, 6:49 AMJim Beam (BEAM) attracts some interest as an enticing acquisition for large spirits companies such as Pernod Ricard (PDRDY.PK) and Diageo (DEO), according to analysts covering the industry. Recently spun off from Fortune Brands (FO), the company could fetch as much as $59 a share from a buyer due to its strong position in the profitable U.S. bourbon market. |Monday, Oct 242011, 6:49 AM| Comment!
Tuesday, May 242011, 1:41 PMDiageo (DEO) may spend $2B to buy Jose Cuervo (the world's biggest tequila brand) from its family ownership, but while they're talking exclusively, other businesses like Pernod Ricard (PDRDY.PK) are interested as well. Industry shakeups may be ahead as Fortune Brands (FO) plans a split that could sell Jim Beam and Sauza tequila. |Tuesday, May 242011, 1:41 PM| Comment!
Thursday, Oct 212010, 2:55 PM