DIAGEO AND BACARDI POSSIBLE PARTNERS FOR TROUBLED UNITED SPIRITS
January 1st, 2012
BY RAGHAVENDRA VERMA, IN NEW DELHI
DRINKS industry specialists in India think that troubled giant United Spirits Ltd (USL) could be forced to seek international partnerships to help navigate its present financial difficulties. United Spirits has lost half its share price value from USD20 to USD10 in the last six months. With USD1.5 billion of accumulated debt, and deep financial trouble at sister company Kingfisher Airlines, the options for USL management are shrinking, said Anish Trivedi, an alcohol industry expert and former investment banker based in Mumbai. ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.