- Wealth PMS (50L+)
When a great business meets bad management - its true value gets locked. No better example to illustrate this scenario than United Spirits & Vijay Mallya. He built an entire empire around United Spirits using its cash flows & blew almost all of them, except USL. It grew, sustained competition, maintained market leader position & finally taken over by Diageo PLC. In this post let's try to analyze how Diageo shaped United Spirits & where is it heading . . .