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GS cautious on US spirits market; cuts Diageo to 'sell'

BUZZ-GS cautious on US spirits market; cuts Diageo to 'sell' ** U.S. spirits market weakness could continue until 2025, Goldman Sachs says; cuts whisky maker Diageo DGE.L to "sell" from "neutral" ** Diageo's shares slip 0.04% by 0857 GMT ** Broker points to its May/June U.S. spirits wholesalers survey, which show sharp deterioration in the pricing outlook, signs of downtrading, and no sign of volume recovery ** It estimates that the U.S.
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Pernod Ricard USA Says Establishing North American Distillers, A New Brand Company In The US

BRIEF-Pernod Ricard USA Says Establishing North American Distillers, A New Brand Company In The US July 11 (Reuters) - Pernod Ricard SA PERP.PA : PERNOD RICARD USA - ESTABLISHING A NEW BRAND COMPANY IN USA, NORTH AMERICAN DISTILLERS PERNOD RICARD USA - NEW SPECIALIZED BUSINESS WILL BE HELMED BY RICHARD BLACK AS CEO OF NORTH AMERICAN DISTILLERIES So
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Europe's top cognac makers to attend China meeting on anti-dumping probe, source says

UPDATE 2-Europe's top cognac makers to attend China meeting on anti-dumping probe, source says Adds details or quotes from source in paragraphs 3-4, 9, 11-14; BNIC comment in 10 By Emma Rumney LONDON, July 5 (Reuters) - Leading European cognac producers will attend a hearing on China's anti-dumping probe of the industry in Beijing on July 18 - their first chance to defend themselves in person since the investigation began earlier this year, an industry source said.
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Europe's top cognac makers will attend China meeting on anti-dumping probe

Europe's top cognac makers will attend China meeting on anti-dumping probe LONDON, July 5 (Reuters) - Europe's top cognac makers will attend a hearing on July 18 on China's anti-dumping probe of the industry for their first chance to defend themselves in person, an industry source said. Main brands Martell, which is owned by Pernod Ricard PERP.PA , Remy which is part of Remy Cointreau RCOP.PA , and Hennessey, owned by LVMH LVMH.PA , received a summons overnight to attend the hearing, the source
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China unveils next steps in EU brandy probe as EV tariffs take effect

UPDATE 5-China steps up pressure with EU brandy probe hearing as EV tariffs begin French cognac houses to attend meeting in Beijing Some European countries oppose tariffs Intense negotiations expected to continue Adds details on European cognac makers in paragraphs four and five, context in paragraphs 18, 19 By Joe Cash BEIJING, July 5 (Reuters) - China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Com
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JPM sees a 'more balanced' H1 for European Staples

BUZZ-JPM sees a 'more balanced' H1 for European Staples ** J.P.Morgan expects a "more balanced" H1 for European staples ** Says risk of challenging demand environment and growth threat from weakening pricing and worse forex market are partially offset by better margin outcome and continued volumes improvement ** Adds H1 may also highlight risks in the U.S.
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Bunzl, Relx, Rolls-Royce

EUROPE RESEARCH ROUNDUP-Bunzl, Relx, Rolls-Royce July 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Bunzl, Relx and Rolls-Royce, on Thursday. HIGHLIGHTS * Biomerieux BIOX.PA : Midcap raises to buy from hold * Bunzl BNZL.L : HSBC raises to buy from hold * Hennes & Mauritz HMB.ST : HSBC raises to buy from hold * Relx REL.L : Citigroup raises target price to 3525p from 3300p * Rolls-Royce RR.L : Barclays raises target price to 495p
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Indian whisky maker Allied Blenders up 13% in debut trade

UPDATE 2-Indian whisky maker Allied Blenders up 13% in debut trade Adds fresh analyst comments; updates shares By Kashish Tandon BENGALURU, July 2 (Reuters) - Shares of Allied Blenders and Distillers ALLE.NS rose nearly 13% in debut trade on Tuesday, in line with analysts' expectations for the Indian whisky manufacturer, which makes the 'Officer's Choice' and 'Sterling Reserve' brands of whiskies.
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Indian whisky maker Allied Blenders's IPO attracts bids worth $3 bln

Indian whisky maker Allied Blenders's IPO attracts bids worth $3 bln By Kashish Tandon BENGALURU, June 27 (Reuters) - Indian whisky maker Allied Blenders and Distillers' ALLE.NS $180-million IPO was oversubscribed on Thursday but fell short of the blowout demand for recent issues amid concerns about its growth prospects in an increasingly competitive liquor market.
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Chinese liquor makers endeavour to give Westerners a taste for baijiu

FOCUS-Chinese liquor makers endeavour to give Westerners a taste for baijiu Baijiu, a fiery white spirit, is little known outside of China China's liquor makers look overseas as growth slows at home Producers tweak spirit's taste, plan marketing push in West By Emma Rumney and Casey Hall LONDON/SHANGHAI, June 26 (Reuters) - Makers of the Chinese liquor baijiu are reformulating the fiery grain liquid to appeal to a wider client base, including cocktail drinkers in New York, Los Angeles and London
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India's Allied Blenders and Distillers files for $180 mln IPO

India's Allied Blenders and Distillers files for $180 mln IPO BENGALURU, June 19 (Reuters) - Indian liquor company Allied Blenders and Distillers (ABD) on Wednesday filed for an initial public offering (IPO) to raise up to $180 million, amid intensifying competition in a market dominated by the likes of Diageo DGE.L and Pernod Ricard PERP.PA . ABD, which sells whisky brands such as Officer's Choice and Sterling Reserve in India's estimated $33 billion spirits market, said it would issue new shar
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Remy, Pernod Ricard slip on China tariff worries

BUZZ-Remy, Pernod Ricard slip on China tariff worries ** Shares in French spirits makers Remy Cointreau RCOP.PA and Pernod Ricard PERP.PA slip, with two analysts pointing to a report that Beijing could introduce tariffs on EU-imported brandy as early as August ** Online wine portal Vino-Joy points to an article by Yuyuan Tantian- a social media acc
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Bacardi wins appeal reviving US Trademark Office fight over 'Havana Club' rum

UPDATE 1-Bacardi wins appeal reviving US Trademark Office fight over 'Havana Club' rum Updates June 13 story with comment from Cubaexport in paragraph 5, attorney information in case caption By Blake Brittain June 13 (Reuters) - Bacardi [RIC:RIC:BACLTD.UL] convinced a U.S. appeals court on Thursday to revive the liquor giant's lawsuit against the U.S.
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Bacardi wins appeal reviving US Trademark Office fight over 'Havana Club' rum

Bacardi wins appeal reviving US Trademark Office fight over 'Havana Club' rum By Blake Brittain June 13 (Reuters) - Bacardi [RIC:RIC:BACLTD.UL] convinced a U.S. appeals court on Thursday to revive the liquor giant's lawsuit against the U.S. Patent and Trademark Office in its long-running dispute with the Cuban government over "Havana Club" rum. The 4th U.S.
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French spirits exports tumble ahead of worsening trade conflict

French spirits exports tumble ahead of worsening trade conflict PARIS, June 13 (Reuters) - French spirits sales and exports have dropped sharply this year as consumers continued to cut back spending , the industry lobby said on Thursday, warning that looming trade barriers could further hurt the sector. Cognac makers said on Wednesday they were "deeply" worried about an anti-dumping probe launched by Beijing in January, after the European Commission imposed tariffs on imports of Chinese electric
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French cognac makers 'deeply concerned' after EU slaps tariffs on Chinese EVs

UPDATE 1-French cognac makers 'deeply concerned' after EU slaps tariffs on Chinese EVs Adds more details PARIS, June 12 (Reuters) - French cognac producers are "deeply" worried about the results of a Chinese probe into European cognac imports, a trade body said on Wednesday, after the European Commission imposed tariffs on imports of Chinese electric vehicles.
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French cognac body 'deeply concerned' after EU imposes tariffs on Chinese EVs

French cognac body 'deeply concerned' after EU imposes tariffs on Chinese EVs PARIS, June 12 (Reuters) - French cognac producers are "deeply" worried about the results of a Chinese probe into European cognac imports, a trade body said on Wednesday, after the European Commission imposed tariffs on imports of Chinese electric vehicles. "We take note of the European decision and once again reiterate our deepest concern regarding the consequences for the anti-dumping investigation launched by China
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Possible Trump tariffs spell trouble for spirits makers

LIVE MARKETS-Possible Trump tariffs spell trouble for spirits makers STOXX 600 down 0.6% Travel, miners biggest fallers Oil stocks rise S&P futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com POSSIBLE TRUMP TARIFFS SPELL TROUBLE FOR SPIRITS MAKERS Should Donald Trump get re-elected as U.S.
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Pernod Ricard, Ecospirits Sign Five-Year Global Licensing Agreement

BRIEF-Pernod Ricard, Ecospirits Sign Five-Year Global Licensing Agreement May 28 (Reuters) - Pernod Ricard SA PERP.PA : PERNOD RICARD AND ECOSPIRITS ANNOUNCE ENTERING NEW STAGE IN THEIR RELATIONSHIP WITH FIVE-YEAR GLOBAL LICENSING AGREEMENT PERNOD RICARD PARTNERS WITH ECOSPIRITS FOR GLOBAL EXPANSION OF CIRCULAR SPIRITS DISTRIBUTION Source text for
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With lamb and cheese, Macron tried to charm China's Xi in the Pyrenees

UPDATE 4-With lamb and cheese, Macron tried to charm China's Xi in the Pyrenees Macron aimed to convince Xi to reduce the trade imbalance Xi said he would welcome more high-level talks on trade but denies Chinese 'overcapacity problem' European diplomat says Xi was the 'winner' of the visit Xi travels on to Serbia, Hungary Adds Xi leaving France, edits throughout By Elizabeth Pineau, Bart Biesemans and Ingrid Melander TARBES, France, May 7 (Reuters) - Chinese President Xi Jinping left France on
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