The Europe 30 ProFund Investor Class is benchmarked to the ProFunds Europe 30 Index and seeks to achieve investment results that correspond to the index.
Brown-Forman has entered into an agreement to sell Southern Comfort and Tuaca trademark to Sazerac for $543.5 million. This agreement will close by March 1.
According to the Office for National Statistics, the unemployment rate in the UK dropped to 5.4% in the three months to August 2015 from 5.5% in the prior period.
ABI could leverage ~$50 billion through debt financing. As of June 30, its total debt was ~$51.5 billion, with a total-debt-to-total-assets ratio of ~35.9%.
One of Diageo’s key growth strategies has been to make acquisitions in high-growth markets and product categories. In February, Diageo acquired the remaining 50% stake in Don Julio tequila from Jose Cuervo in exchange for Bushmills Irish Whiskey.
One of Diageo’s notable innovations Crown Royal Regal Apple whisky, launched in November 2014. This flavored whisky was its biggest driver of increased shipments for the US spirits and wine business in 3Q15.
Some analysts believe that 3G Capital might be interested in Diageo’s beer business. 3G Capital has a meaningful stake in beer market leader Anheuser-Busch InBev.
Despite the growing popularity of US whiskeys like bourbon and Tennessee whiskey in the United States as well as abroad, the demand for imported whiskey continues to grow.
Distilled spirits imports increased by 17.8% to $1.5 billion in the first quarter of 2015, based on data provided by the Distilled Spirits Council of the United States.
Whiskey is the largest category of the US spirits market with a 33% share of gross revenues. Vodka, cordials, and rum hold 25%, 11%, and 10%, respectively.
Americans are moving toward craft beer due to better taste, innovation, and brewing techniques. Its market share increased to 11% in 2014 from 7.8% in 2013.
Bud Light is the leader among major beer brands, with 18% share of the beer market based on the 2013 total beer industry shipments of 211.7 million barrels.
In an economic study, the American Beverage Licensees estimated the economic impact of the alcoholic beverage industry in 2014 to be more than $245 billion.
According to the Beverage Marketing Corporation, alcoholic beverages such as beer, wine, and distilled spirits, account for 20% of the US beverage market.
Six Flags’ management plays a vital role in shaping the company and leading it in the desired direction. This article reviews three management positions.
