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Angola and Zimbabwe operations sap Distell earnings

Angola and Zimbabwe operations sap Distell earnings

07/08/2019 - 13:07
Beverages company Distell, whose brands include Nederburg wines and Three Ships Whisky, says earnings fell in the year to end-June as it took a hit on operations in Angola and Zimbabwe. read more
Distell’s premium-wine offshoot aims for the top

Distell’s premium-wine offshoot aims for the top

15/03/2019 - 14:37
"I’m in the business of wine; I’m not in the wine business," says Kay Nash emphatically. That may seem like splitting hairs, but it’s a subtle distinction that’s helping the CEO of Libertas Vineyards & Estates, the new premium-wine offshoot of drinks giant Distell, to shake up the company’s high-end wine business. read more
Distell aims to go deeper into Africa

Distell aims to go deeper into Africa

14/03/2019 - 11:10
Distell, the liquor group controlled by investment behemoth Remgro, is looking at more expansion opportunities in Africa after recording high double-digit growth in Kenya, Mozambique and Zambia in the interim period ending December. read more
Nederburg maker Distell lifts earnings, even as sales fall

Nederburg maker Distell lifts earnings, even as sales fall

04/03/2019 - 13:08
Distell Group, which makes Nederburg wines and Klipdrift brandies, reported a double-digit increase in earnings for the six months to December, even as sales volumes fell in SA.  read more
Global brewers have a thirst for African profits

Global brewers have a thirst for African profits

26/02/2019 - 08:26
It’s a somewhat distant memory now, but in the early 2000s the company once known as SA Breweries (SAB) came off second best to global drinks group Diageo in a fight for control of the Kenyan beer market, in what was dubbed the "beer wars". read more
Distell selects WPP as its global partner agency

Distell selects WPP as its global partner agency

25/02/2019 - 15:37
Alcoholic beverages company Distell has selected WPP as its global partner agency.  read more
Distell: Chateau gets a wider roof

Distell: Chateau gets a wider roof

28/01/2019 - 08:41
Distell creates new Libertas Vineyards structure that will focus on its premium wines — including some old favourites. read more
Job cuts loom as Distell shakes up operations

Job cuts loom as Distell shakes up operations

22/01/2019 - 08:56
Distell, owner of brands such as Klipdrift, Savanna, 4th Street and Bain’s, could retrench about 100 employees as part of the restructuring of its supply chain network. read more
Distell to distribute cannabis lager for Poison City Brewing

Distell to distribute cannabis lager for Poison City Brewing

19/11/2018 - 16:34
JSE-listed beverages group Distell has agreed to distribute and market a cannabis-infused beer backed by RCL Foods CEO Miles Dally and Spar CEO Graham O’Connor.  read more
Distell share price sinks on lower sales

Distell share price sinks on lower sales

25/10/2018 - 08:05
The share price of Distell Group, maker of Klipdrift brandies, Three Ships whiskies and Nederburg wines, fell 4.1% to R104.58 after the company said sales had fallen in the September quarter. read more
Times are tough — but not for Distell

Times are tough — but not for Distell

24/08/2018 - 13:38
Distell’s 29% jump in net profit for the year to end-June demonstrated once again that when times get tough, the tough get laagered. read more
Distell and Capevin to complete merger

Distell and Capevin to complete merger

15/05/2018 - 14:17
The long-standing holding company structure between Capevin and liquor brands giant Distell will officially be dismantled at the end of May. read more
Smaller 2018 wine grape harvest delivers promising quality

Smaller 2018 wine grape harvest delivers promising quality

08/05/2018 - 09:24
Niël Groenewald, Distell’s head winemaker said the 2018 wine grape harvest, some two weeks later than in previous years, had delivered healthy, good quality grapes, with the crop about 30% down on last year’s intake, although yields had differed across regions.  read more
Distell’s restructuring set to take even more time

Distell’s restructuring set to take even more time

26/04/2018 - 08:28
A sluggish share price performance reflects frustration over stymied growth strategy. read more
Distell looks to Africa to double its revenue and profit

Distell looks to Africa to double its revenue and profit

26/02/2018 - 14:01
Liquor giant Distell, controlled by investment group Remgro, is still pursuing an ambitious target of doubling revenue and profit in five years. read more
Brandy and gin popularity helps Distell serve more drinks

Brandy and gin popularity helps Distell serve more drinks

23/02/2018 - 09:55
The growing popularity of brandy and gin helped Distell increase its overall volume of liquor sold by 3.7% during the six months to end-December. read more
Distell postpones restructuring deadline again after delays

Distell postpones restructuring deadline again after delays

30/01/2018 - 09:56
"What’s another two months when you’ve been waiting almost nine years," was the response of one weary Distell shareholder to news that the closing date for the restructuring had been pushed out to April 6 from January 29. read more
Appeal against restructuring of Distell dismissed

Appeal against restructuring of Distell dismissed

29/01/2018 - 11:00
The Takeover Special Committee has dismissed an appeal by shareholder activist Albie Cilliers of Remgro’s restructuring of liquor group Distell.  read more
Distell restructuring decision expected this week

Distell restructuring decision expected this week

16/01/2018 - 12:51
The Takeover Special Committee is expected to announce its decision on whether or not to give the Distell restructuring the go-ahead later this week.  read more
Distell sells Bisquit cognac brand to Campari

Distell sells Bisquit cognac brand to Campari

21/12/2017 - 10:09
Distell, the liquor brands conglomerate controlled by Remgro, called time on its international cognac market strategy by selling its French subsidiary Bisquit for à52.5m.  read more
Trade report delay of Distell shares hints at high premium

Trade report delay of Distell shares hints at high premium

20/11/2017 - 10:45
It is still not clear why the parties involved in the R10bn trade in Distell shares waited six months to report the trade to the JSE as required by the exchange’s rules. read more
DistelI's new head winemaker to add strong marketing expertise

DistelI's new head winemaker to add strong marketing expertise

31/10/2017 - 13:54
Distell has appointed a seasoned, award-winning winemaker who is also a marketing specialist, as the company's new head winemaker.  read more
Distell positioned for acquisitions

Distell positioned for acquisitions

26/09/2017 - 08:42
The pending collapse of the Distell control structure should help the drinks company to enjoy the sort of rating analysts and shareholders say has eluded it in recent years. read more
Distell sells venerable wine farms and brands

Distell sells venerable wine farms and brands

01/09/2017 - 11:57
Remgro-controlled liquor conglomerate Distell, which aims to double revenue and profits by 2021, is selling long-held wine farms and wine brands as executives look to markedly improve a modest return on assets. read more
Stronger rand takes a swig of Distell’s profit

Stronger rand takes a swig of Distell’s profit

31/08/2017 - 11:28
Wine and spirits group Distell posted a 15% fall in after-tax profit on revenue up 3.7% in the year to end-June, hit by the stronger rand and impairments. read more
Booze for Africa is the plan as Distell sets out to lift elbows, profits

Booze for Africa is the plan as Distell sets out to lift elbows, profits

15/08/2017 - 10:43
Reward over risk is what Distell - the maker of wine brands such as Nederburg and Two Oceans, whisky Scottish Leader and Three Ships and cider Hunter's and Savanna - wants from its ventures into Africa. read more
Distell flat on multibillion-rand acquisition news

Distell flat on multibillion-rand acquisition news

01/08/2017 - 15:36
News of a multibillion-rand acquisition staggered over two years did little to move Distell’s share price. The announcement about the first phase of a potential R8.6bn acquisition was released at the close of trade on Friday. By Monday, the share had edged up to close at R144.47, far off its 12-month high of R172.61. read more
Shelf-serving liquor displays oust the little guys

Shelf-serving liquor displays oust the little guys

17/07/2017 - 10:09
On the shop floor the battle of the shelf wars has intensified, as big beverage companies move to entrench their position by squeezing out smaller competitors from prime display space. read more
Remgro and Distell to gain from dismantling Capevin

Remgro and Distell to gain from dismantling Capevin

23/06/2017 - 09:21
Liquor giant Distell, which owns best-selling brands such as Savanna, Hunters, Nederburg and Klipdrift, has uncorked a proposal that fortifies the position of its biggest shareholder, investment giant Remgro. read more
Distell adds top premium brand, Cruz Vodka to its portfolio

Distell adds top premium brand, Cruz Vodka to its portfolio

25/04/2017 - 09:13
Distell, Africa’s leading producer of wines, spirits, ciders and ready-to-drinks (RTDs) today announced the formation of a partnership that owns the rights to the Cruz Vodka brand and business worldwide. Distell has agreed to acquire a 75% shareholding with Blue Sky Brand Company Proprietary Limited (“BSBC”) holding the remaining 25% shareholding. BSBC will be integrally involved in the Cruz Vodka brand going forward. read more
PIC gets nod to purchase stake in Distell

PIC gets nod to purchase stake in Distell

30/03/2017 - 11:44
The Competition Tribunal approved a transaction in which the Public Investment Corporation (PIC) will purchase a share of Distell, it announced. read more
Distell positions itself as employer of choice both in South Africa and beyond

Distell positions itself as employer of choice both in South Africa and beyond

13/03/2017 - 10:29
Technology remains a key driver across all areas of an organisation, with the attraction, acquisition, and retention of top talent no exception. “The last few years have seen significant changes,” comments Brett Parker, Managing Director, SAP Africa, referencing the move to digital and mobile as case in point.“What was once the exception has become the norm, placing huge pressure on organisations to adapt.”  read more
Why Distell toasts acquisitions

Why Distell toasts acquisitions

24/02/2017 - 11:17
Liquor conglomerate Distell has its eye on game changers in the industry. read more
AB InBev to cut manager jobs in SA

AB InBev to cut manager jobs in SA

23/01/2017 - 12:57
AB InBev stresses the voluntary severance targeting management will not interfere with commitments on post-merger employment read more
Distell free of stifling control but minorities seem jumpy

Distell free of stifling control but minorities seem jumpy

19/01/2017 - 11:55
Judging by the share price movement over the past four weeks, minority shareholders in Distell have still not come to terms with the unexpected news that the Public Investment Corporation (PIC) will be acquiring the 26.4% of the company held by Anheuser-Busch InBev (AB InBev). read more
AB InBev to sell stake in Distell to South African fund PIC

AB InBev to sell stake in Distell to South African fund PIC

19/12/2016 - 09:30
Anheuser-Busch InBev NV agreed to sell SABMiller Plc’s stake in South African drinks maker Distell Group Ltd. to Africa’s largest pension administrator, clearing another regulatory hurdle in the brewing industry’s biggest-ever deal. read more
PIC to buy AB InBev’s stake in Distell

PIC to buy AB InBev’s stake in Distell

15/12/2016 - 10:10
The Public Investment Corporation, which invests state-employee pension funds, will buy global brewer Anheuser-Busch InBev’s stake in Distell. read more
Distell aims for China cider fizz

Distell aims for China cider fizz

01/09/2016 - 09:23
LIQUOR conglomerate Distell believes the market for in China has enormous potential, and could grow to the same size as the South African market within 10 years. read more
Wine industry prop is now a world standard

Wine industry prop is now a world standard

24/08/2016 - 15:14
Wine enthusiasts, especially those whose preference is for small-batch production of handcrafted wines, conveniently forget for most of the 20th century the Cape wine industry would not have survived without the Cape brandy industry. read more
Trade of the Month: Distell vs Capevin

Trade of the Month: Distell vs Capevin

15/08/2016 - 15:02
THE reasons for the continued existence of low-key holding company Capevin are rather murky, but at least the value proposition is easy to divine. read more
Local cider brand Hunter’s gets ready to ‘Bring the Heat’ with refreshing new campaign

Local cider brand Hunter’s gets ready to ‘Bring the Heat’ with refreshing new campaign

01/07/2016 - 10:47
South Africans will see the launch of a refreshing new campaign from Hunter’s today (Friday, July 1), which moves the brand away from the desert to the heat of the urban environment and introduces a new face for the cider.  read more
Brewers’ merger sets Distell free to take them on in local market

Brewers’ merger sets Distell free to take them on in local market

01/07/2016 - 08:58
AS THE £74bn Anheuser-Busch InBev (AB InBev) merger with SABMiller moves closer to completion, analysts are looking to Distell — which will soon be free of SAB shareholding — to become a more aggressive player in the drinks industry. read more
Heineken seeks brewers’ pledge on fridge space and ‘dirty tricks’

Heineken seeks brewers’ pledge on fridge space and ‘dirty tricks’

23/06/2016 - 08:28
MAJOR rival Heineken on Wednesday hit SABMiller and Anheuser-Busch InBev (AB InBev) with a slew of conditions it wants the Competition Tribunal to impose on the $108bn merger. read more
Vasari has big ambitions for KWV

Vasari has big ambitions for KWV

20/06/2016 - 12:04
The new controlling shareholder of liquor group KWV Holdings will have its work cut out to fortify profits in the brandy sector. read more
Union and brewers locked in BEE row

Union and brewers locked in BEE row

08/06/2016 - 11:41
A dispute is still raging between the Food and Allied Workers Union (Fawu) and the merging parties in the process of creating the world’s largest brewer in a $108bn deal. read more
Distell assembles dream team for new centre of excellence

Distell assembles dream team for new centre of excellence

04/05/2016 - 21:51
3 May 2016 - Rather than rest on its laurels, Distell, the reigning worldwide distiller of the year that took the title at the International Wine & Spirit Competition (IWSC) in London, is intent on advancing its already formidable reputation for quality.  read more
Moves to revive SA’s wobbly brandy industry

Moves to revive SA’s wobbly brandy industry

14/03/2016 - 09:16
Brandy makers are working to revive interest in their product amid declining local consumption.  read more
Distell plans to curb Angolan expansion

Distell plans to curb Angolan expansion

19/02/2016 - 11:10
Liquor brands conglomerate Distell reported strong growth in Southern African markets, but the economic hangover from a lower oil price has drastically curtailed expansion plans in Angola. read more
Distell: Zimbabwe unit’s turnover drops - Zimbabwe

Distell: Zimbabwe unit’s turnover drops - Zimbabwe

15/02/2016 - 09:48
Harare - Distell’s unit in Zimbabwe declared an interim dividend of 0.15 US cents (2.36 SA cents) yesterday, despite an 8 percent decline in turnover that was partly offset by a 2 percent rise in wine and cider beer volumes as Zimbabweans switch to cheaper alternatives. read more
Treasury proposes lower excise duty for brandy

Treasury proposes lower excise duty for brandy

18/12/2015 - 12:19
SA’s Treasury proposed a 10% cut in excise duties on brandy on Thursday, saying the alcoholic spirit was at a cost disadvantage to competitors due to stringent regulations on how it should be produced. read more
Distell crowned best distiller at world competition

Distell crowned best distiller at world competition

30/11/2015 - 12:34
Distell has been crowned best distiller of the year for 2015 at the International Wine and Spirit Competition in London. read more
Remgro eyes SABMiller cleanout

Remgro eyes SABMiller cleanout

21/10/2015 - 09:15
Remgro may buy SABMiller’s 27% stake in liquor group Distell if it comes into play following the Anheuser-Busch InBev (AB Inbev) buyout of the brewer. read more
Distell, Nampak prop up Zimbabwean units - Zimbabwe

Distell, Nampak prop up Zimbabwean units - Zimbabwe

17/02/2015 - 13:19
Nampak and Distell are shoring up their units in Zimbabwe, buoyed by growing demand from a local market that has been hit by a productivity slump and operational constraints.  read more
Prudent SAB mulls spirits business

Prudent SAB mulls spirits business

18/11/2014 - 09:49
Though synergies between beer and spirits businesses are often difficult to find, SABMiller could grow its spirits portfolio in Africa with a "measured" approach, CEO Alan Clark said last week. read more
Capevin rise sparks Distell rumours

Capevin rise sparks Distell rumours

09/10/2014 - 12:09
Cape Town — Changes may be afoot in the control structure of liquor giant Distell after shares in its holding company, Capevin, touched a record high on Tuesday. read more
Expectations of Remgro mount as share price discount narrows

Expectations of Remgro mount as share price discount narrows

23/09/2014 - 10:57
Remgro, the R118bn investment behemoth owned by the Rupert family, is facing great market expectations, with its latest results showing the share price discount on its underlying investments has been whittled down to just a sliver. read more
Liquor firms look north as African market grows - Zimbabwe

Liquor firms look north as African market grows - Zimbabwe

18/09/2014 - 12:12
Harare - The African alcohol market is beckoning for South African beverage firms after a new report predicted on Friday that the East African spirits and brandy market could grow by as much as 30 percent in the next 10 years. read more
Distell growth slows on consumer woes

Distell growth slows on consumer woes

27/08/2014 - 11:01
Johannesburg - Distell’s second-half sales growth halved to about 2 percent by volume, compared with the first six months of the fiscal year, Richard Rushton, the managing director of South Africa’s biggest wine and spirits producer, said by phone.  read more
Rules for premium brandy tightened

Rules for premium brandy tightened

13/08/2014 - 14:36
Brandy drinkers who consider themselves connoisseurs will have something to cheer about, as new rules may mean an improvement in the quality of premium brandy. read more
Distell pays out to BEE shareholders

Distell pays out to BEE shareholders

12/03/2014 - 08:02
Stellenbosch - Distell has paid out in excess of R600m after tax to about 4 000 employees as part of the company’s employee share ownership plan (Esop), the company said on Monday. read more
Distell taps into China's cognac market

Distell taps into China's cognac market

09/10/2013 - 10:23
Johannesburg - South African liquor company Distell Group Limited [JSE:DST] has acquired a 60% share in fast-growing liquor distribution company CJ Wines & Spirits‚ expanding its presence in the East. read more
Distell defies tough market to post revenue rise of 12%

Distell defies tough market to post revenue rise of 12%

22/08/2013 - 11:16
The Distell Group succeeded in raising revenue 11,9% to R15,9bn on a sales volume increase of 7,2% for the year to June 2013. This was despite exceptionally tough trading conditions, marked by a global slowdown in economic growth, contracted disposable income and reduced consumer spending in many of the regions where it markets its range of spirits, wines and ciders and RTDs. read more
Growth in SA and Africa buoy Distell in tough times

Growth in SA and Africa buoy Distell in tough times

27/02/2013 - 08:08
Continued growth in sub-Saharan Africa, including South Africa, and the benefits derived from a weak rand resulted in the Distell Group raising revenue year-on-year by 9,3% to R8,7 billion for the six months to December 2012.  read more
Sub-Saharan Africa helps lift Distell revenue by 15%

Sub-Saharan Africa helps lift Distell revenue by 15%

27/08/2012 - 11:27
Wine and spirits conglomerate Distell achieved strong results in the year to June, with 15 percent growth in revenue from the South African and export markets. It lifted revenue to R14.2 billion, helped by a favourable exchange rate.  read more
Distell sees 5% rise in grape yield

Distell sees 5% rise in grape yield

12/04/2012 - 09:34
Detailed information about optimal ripening helps the company plan harvest of individual vineyards, good sales growth lifts profits read more
Distell forecasts higher profit

Distell forecasts higher profit

24/01/2012 - 08:02
Liquor group Distell (DST) advised on Monday that earnings per share and headline earnings per share for the six months ended 31 December 2011 are likely to be between 20% and 25% higher than the corresponding reporting period of the previous year. read more
Amarula's secret recipe revealed

Amarula's secret recipe revealed

09/06/2011 - 09:48
Cape Town - Distell’s secret regarding the composition of its Amarula Cream liqueur is out and there is speculation that the liqueur’s image could suffer in the eyes of consumers. read more
Distell’s amazing legal battle to save tax on Amarula

Distell’s amazing legal battle to save tax on Amarula

05/05/2011 - 17:11
LIQUOR giant Distell waged — and lost — a four-year legal battle to avoid paying higher excise duty on its flagship liqueur Amarula after it was classified as a spirit-based drink, rather than a wine-based one, court documents show. read more
Distell Undeterred By Current Market

Distell Undeterred By Current Market

26/08/2010 - 00:00
Distell has posted year-on-year revenue growth of 8,7% to R11,8 billion on a sales volume increase of 7,3% for the 12 months to June 30, 2010. read more