| UB Group, which is eyeing the private label business of Whyte & Mackay, is in talks with the group to sign a bulk supply agreement and also for franchising some of the brands from its mainline business, reports Business Standard.
"Apart from submitting a bid for Invergordon, one of the Scotch distilleries of Whyte & Mackay, the Indian group expects at least to secure a distribution and licensing deal with the UK firm," sources close to the development told the pink daily.
Whyte & Mackay Chairman and Chief Executive Vivian Imerman, however, denied the reports that UB has bought the company for 400 million pounds sterling. UB sources were not available for comments.
For the complete story, go to http://www.business-standard.com
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