Ranveer Singh Partners with ABDL to Launch Premium Spirits Venture
by EVENTFAQS Bureau Industry Watch | September 10, 2024 | News
Ranveer Singh Alok Gupta Allied Blenders and Distillers Limited
Ranveer Singh, Bollywood Superstar and Pop Culture Icon, will be an equity partner with the market leading Allied Blenders and Distillers Limited (ABDL), in a new business venture to offer a portfolio of premium brands. ABDL announced their Board approving the formation on 4 September 2024.
The creation of this would mark a strategic move for ABDL, allowing the new venture to focus on the exciting world of luxury spirits, while retaining the existing core brands in ABDL itself. This business venture with Ranveer Singh in partnership will ensure quicker decision-making, nimble adaptation to market trends, and specialized marketing expertise for the luxury segments. In doing so, ABDL separates its mass-market products from its luxury offerings, elevating the value of each.
Ranveer Singh, Business and Creative Partner said,"I am delighted to partner with Allied Blenders and Distillers Limited’s unique initiative. This venture is not just about creating and offering premium and luxury spirits, but equally about realizing the aspirations of the Indian consumer. We're blending world-class products, sourcing and craftsmanship with the rich, vibrant flavours of India, creating experiences that speak to people”
Apart from being a powerhouse of talent in the Entertainment realm, Ranveer is set to reshape the brand’s identity and unlock a new dimension of growth as he steps into this groundbreaking partnership with ABDL, expanding his portfolio.
Alok Gupta, Managing Director, Allied Blenders and Distillers said,"At ABDL, we have believed in the power of innovation. This new venture, with a major impact personality like Ranveer Singh, represents our commitment to bring together simply the best. With him as our business partner and a creative mentor, we are confident that our luxury products will resonate with consumers."
The entity will also launch its own brands, partner with promising Indian start-ups, work with major international brands, and use the strong ABDL sales and manufacturing networks with clear go-to-market strategies.
Ranveer is set to reshape the brand’s identity and unlock a new dimension of growth as he steps into this groundbreaking partnership with ABDL, expanding his portfolio.