LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods company, reported its fastest fashion and leather-goods revenue growth in two years, cushioning an unexpected decline in quarterly alcohol sales.
Some companies use in-home shopping parties to get customers to spend on items like jewelry and Tupperware in the company of friends -- and a lot of alcohol. Diageo Plc is going straight to the fun by shipping liquor and bartenders to clients’ living rooms.
Suntory Holdings Ltd., the closely held Japanese whiskey and beer maker, agreed to buy Beam Inc. for $16 billion including debt to gain brands such as Maker’s Mark whiskey and create the world’s third-largest premium spirits company.
Kirin Holdings Co. is interested in buying the rest of San Miguel Brewery Inc. if approached, a person with knowledge of the matter said, after the Philippine beermaker revealed several bidders are vying for the shares.