Tag: Caipirinha

• Monday, May 28th 2012 - 16:52 UTC

  British drinks group buys cachaça distillery in Brazil as it expands to emerging markets

  

  British drinks group Diageo is buying a maker of Brazil's most popular spirit, cachaça for about 470 million dollars, boosting its expansion in fast-growing emerging markets while it fights for a bigger prize in tequila.