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A leveraged buyout (LBO) is a merger where an acquiring company borrows funds to buy another company, taking on significant debt, which is secured against the target company's assets. LBOs are an attractive option for acquiring firms as it requires a smaller upfront investment, offering a high return on investment. Tata Tea's buyout of the UK's Tetley in 2000 was India's first successful LBO, transforming Tata's global presence. However, LBOs are risky and need careful debt and cash flow management to ensure long-term success.

Emperador Inc., the world's largest brandy company that owns the world's number one brandy, further emphasized the flexibility of its spirits portfolio by bringing together the best Filipino mixologists from Singapore's cosmopolitan F&B scene in its first-ever cocktail competition in the island state.

Scotch producer Wolfcraig has ventured into the gin category with a bottling made by Richard Paterson OBE and Ian MacMillan.

A great bottle of single malt Scotch is the perfect Father's Day gift. Here are some iconic bottles that you'll actually be able to find.

Jon Evans at System1 talks about the use of humor in ads as part of System1’s research into the real ads that were most enjoyed by real people in May.