Bacardi To Buy Out Patron Tequila In $5.1 Billion Deal

Bacardi has agreed to buy out Patron Spirits International in a deal valuing the top high-end tequila maker at $5.1 billion, highlighting the appetite big drinks groups have for the Mexican spirit.


Drunk Droning Now Illegal In New Jersey

New Jersey Governor Chris Christie signed a law on Monday making it illegal to fly an unmanned drone aircraft after too many drinks, a spokesman said on the Republican's last day in office.


Cubans Get Best Look Yet At World Series – A Day Late

Cubans are getting their best look in years at baseball's World Series, watching the games on state TV broadcasts a mere 24 hours after the actual event, despite each team featuring a star Cuban defec


Heineken Bets On Motor Racing For Asian Payout

Heineken is betting on Formula One to help it reclaim the title of leading global lager from Budweiser, a strategy that depends on broadening the sport's appeal in Asia and persuading fans to pay more


Strong Demand From China, U.s. Boost Remy Cointreau Sales

Remy Cointreau (RCOP.PA) on Tuesday said demand in the United States and China for its luxury cognacs helped to boost second-quarter sales, but the drinks group kept market expectations in check for t


Heineken To Sell Mothballed Plant In Russia’s Kaliningrad

Heineken (HEIO.AS), the world's third-largest brewer, said on Monday it had put its mothballed production site in Kaliningrad, a Russian exclave on the Baltic Sea, up for sale.


Rum, Guns And Tea: Unfazed Floridians Don’t Let Irma Dampen Spirits

As veterans of at least half a dozen hurricanes, Steve and Sarah Griffin knew exactly how to cope when Irma bore down on their Clearwater, Florida, home: host an impromptu party for friends who had ev


Guinness Nigeria Targets Volume Market To Revive Profits

Brewer Guinness Nigeriais shifting its focus from premium brands to the"lower end" volume market in order to boost sales and reviveprofits, it said in its rights issue share offer prospectus.


Israeli Taxman Seeks $45 Million From Coca Cola Over Royalties: Report

Israel's Tax Authority wants Coca-Cola to pay some 160 million shekels ($45 million) in taxes on royalties that the global beverage giant receives from its local franchise for use of the brand name in


Diageo To Buy George Clooney’s Casamigos Tequila For Up To $1 Billion

Diageo Plc (DGE.L) has agreed to buy George Clooney's high-end tequila brand Casamigos for up to $1 billion, as the world's largest spirits maker seeks to lift its presence in a high-growth market.

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