22
Wednesday
November 2017
1:00 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)


Sensex moves in line with Asia, up 154 pts
Paytm mall to offer accidental damage cover to smartphones
Click pics of illegally parked cars; get rewarded: Gadkari
Rupee slips 5 paise against dollar to 65.06
Moody's rating upgrade: Officials hope others will follow suit
Sensex zooms 414 points after Moody's ups India rating
US dollar ends cheaper against rupee
Indian companies create 113K jobs in US: Report
Cochin Shipyard Q2 net dips 8 pc to Rs 100 crore
Rupee tanks 35 paise to hit 1-wk low; crude plays spoilsport
Sensex hits new record of 33,853.63; Nifty rises 34 pts
Apple to recruit employees from an Indian engineering college this year
Offline version for GSTR-4 launched on GST portal
Jerome Powell-led Federal Reserve could be US dollar-positive in long term
Rly committee suggests new categories for grading stations
Gadkari plans Rs 5-tln bond sale to fund large infra projects
158 crorepatis, 61 with criminal cases in HP polls: ADR
US dollar ends lower against rupee
PIA forgets two coffins in New York: media
India jumps 30 notches to 100th place in 'ease of doing biz'
KERALA NEWS
Dileep can visit Dubai
 (Kochi, Nov 21, 2017, DG): The Kerala High Court on Tuesday relaxed the bail conditions of ac  
Navy aircraft crashes during take off at Kochi
Police against relaxing bail conditions of Dileep
Munnar harthal turns violent
INTERNATIONAL NEWS
Trump declares North Korea state sponsor of terrorism
 (Washington, Nov 21, 2017): US President Donald Trump today declared North Korea a state spon
Pak Interior Minister wants more time to end Islamabad's siege
Pak, China discuss new US policy in Af, South Asia
Lanka PM appears before bond probe panel
NATIONAL NEWS
No differences with CPI(M) in Kerala: CPI general secretary
 (Hyderabad, Nov 21, 2017): CPI general secretary S Sudhakar Reddy today downplayed the allege
Winter session in December, UPA too did it: Par Minister
Demonetisation turned people into beggars, says Sena
Guj polls battle of casteism, dynasty against development:Shah
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.