Vivian Imerman, the former chairman and chief executive of Del Monte Royal Foods Corp., may offer to buy spirits maker Whyte & Mackay if Diageo Plc is compelled to sell the asset to satisfy U.K. antitrust concerns.
Diageo Plc, the world’s biggest distiller, offered to sell most of the Whyte & Mackay whisky business it gained from the takeover of India’s United Spirits Ltd. after U.K. regulators expressed competition concerns.
Diageo Plc, the world’s biggest distiller, said it plans to target a growing group of middle- class and wealthy consumers in emerging markets from India to Brazil even as growth in those economies slows.
Diageo Plc’s Kenyan unit plans to expand operations in South Sudan and other nations in East Africa to capitalize on accelerating economic growth in the region, Chief Executive Officer Charles Ireland said.
Diageo Plc, the world’s biggest distiller, said Africa will have faster growth in demand for consumer goods than Asia as rising purchasing power fuels the growth of cities and sales of more expensive drinks.