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Diageo may let go of some USL brands SECTIONS Share Synopsis The maker of Johnnie Walker whiskey, Smirnoff vodka and Captain Morgan rum has roped in investment bank Morgan Stanley to help streamline its sprawling empire of brands, many of which it inherited via the acquisition of United Spirits (USL) from Vijay Mallya. Agencies One of the options is franchising brands, said one of the persons cited above. This would involve giving the brands to franchisees in return for a fixed royalty fee. Diageo owns 55.94% of USL. Diageo Plc, the world’s largest distiller, has initiated a formal review of its Indian portfolio, which may lead to the hiving off or sale of several of its low-margin liquor brands, said people familiar with the matter. ....
Champagne Lanson furthers sustainability strategy Champagne Lanson has appointed a new Vineyards and Sustainable Development Manager in line with its long-term sustainability strategy. Mélody Stroh will join the maison, with responsibility for the vineyard and providing technical support for the wine growers to help achieve the French High Environmental Value certification. Champagne Lanson Head of Travel Retail Edouard de Boissieu said: “Champagne Lanson has a long-term strategy for sustainability which, of course, also affects our travel retail business and how we work with our retail partners in this respect. “We are already in discussions with a number of partners regarding how we can put our ideas into practice and promote our sustainability to consumers. We hope to be able to announce one significant travel retail project shortly.” ....
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