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Princes Acquires Historic Liverpool Building as New UK Headquarters
Yesterday, leading UK food and drink company Princes announced its purchase of the historic, Grade-I listed Royal Liver Building (RLB) in Liverpool, England for £60 million (USD $70.33 million).
According to the company, the acquisition is part of Princes’ broader £83 million (USD $97.29 million) real estate plan, which includes the purchase of Symington’s Cross Green facility in Leeds, England, for £23 million (USD $26.96 million). Also, acquiring the Cross Green site will further embed Symington’s business, which Princes already manages and operates, into...
Diageo Agrees to Sale of Italian Facility to NewPrinces
Formerly known as Newlat Food, an Italian food and drink company now called NewPrinces bought 100% of the share capital for Diageo Operations Italy, according to a Diageo press release which specified the inclusion of the Santa Vittoria production facility.
The site produces a range of alcoholic beverages, ready-to-drink products, and low and no alcohol products, according to a Diageo spokesperson.
The NewPrinces Group is already a leading player in the soft drinks market in the UK, with revenues of approximately €350 million in this category alone...
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