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Activist investor seeks higher margins and better governance at French spirits group
Acquisitions matter but a history of pricey purchases shows the value of taking a sober view
Rarity factor justifies high share price but cognac group is vulnerable to fashion
French company to launch joint venture in ‘very promising and dynamic market’
French drinks group doubles down on premium spirits as first-half sales rise 5.1%
Premium strategy has worked well but has its limits
Connoisseurs drive growth at the expense of the headache-inducing low end
Difficulties in Chinese market offsets strong sales in US
Markets struggle to assess full impact of referendum on multinationals
Combining the American and Japanesecorporate cultures of the two drinks groups after $16bn merger Beam and Suntory has proved a headache
For one, spirits are high, for the other good cheer is in short supply
Drinks companies try to confront a sharp fall in number of those aged 16-24 taking alcohol
Sales to region expected to fall in mid to high single-digits over full business year to June 30
French group’s efforts to boost US sales are paying off
Visit is part of diplomatic push by the communist-run nation to boost ties with commercial partners
International Edition