Jose Cuervo IPO can drink to weak peso 7 Feb 2017 The U.S. election outcome put the Mexican tequila maker's stock float on ice. It's now back at a mooted valuation of over $5 bln with a Singaporean investor ready to take a shot. New tariffs in Jose Cuervo's biggest market are a threat, but a cheap currency may be just the tonic.
Heineken’s Dutch courage on Brazil looks merited 20 Jan 2017 The brewer may buy Kirin's Brazil unit for a mooted $872 million. The deal would give the company a 20 percent share of a difficult market, still well behind dominant AB InBev. The target is loss-making, but Heineken has reason to believe it can do a better job.
Heineken’s UK pub binge not as retro as it looks 14 Dec 2016 The Dutch group has offered 390 mln pounds for Punch Taverns in a bid to triple its holdings of British drinking houses. Though most brewers got out of the business long ago, pubs are a petri dish to try out new products. A rival bidder may force Heineken to pay more, though.
Heineken’s challenge is to keep glass half full 1 Aug 2016 The Dutch brewer's operating profit was strong, thanks to stellar Asian growth. But first-half revenue fell short of expectations. Headaches in Africa show that its reliance on emerging markets comes with a snakebite of currency, macroeconomic and geopolitical hazards.
LVMH results showcase benefits of mixed luxury bag 26 Jul 2016 A pop in demand for champagne and cognac boosted sales of the fancy French conglomerate in the first half and offset declines at its core fashion division. As travel fears and lower demand for designer goods bite, LVMH's diversity allows it to hold its own better than rivals.