Brands
European spirits maker bets big on India’s thirsty elite
MUMBAI: India’s premium spirits market has a new player with continental ambitions. Puranique Spirits launched its Indian operations in Mumbai on 7 October with nine-times-distilled vodka and VSOP cognac, betting that the country’s growing appetite for luxury tipples will fuel rapid expansion. By the end of 2026, the company plans to offer 24 premium products across five categories.
The timing is strategic. India’s premium spirits segment is booming as disposable incomes rise and younger drinkers trade up from domestic brands. Puranique, which draws from distilleries in Cognac, France and the Scottish Highlands, hopes to ride that wave with products already sold in 18 countries. The company claims two decades of European distilling pedigree, producing award-winning cognac, armagnacs, liqueurs, gin, rum, absinthe and akvavit.
“India is at the heart of the global premium spirits growth story,” said Puranique Spirits India promoter & chief executive Anoop Mohan at the Taj Lands End launch event. He framed the expansion as a “cultural bridge” between European craftsmanship and Indian taste, name-checking deepening UK-India trade ties for good measure.
Puranique Spirits chairman Rahul Puranik struck a more measured note. “Bringing them to India feels like a natural progression in our journey,” he said, adding that the full portfolio rollout would create a “complete premium spirits ecosystem.”
Country head for India, Viren Moholkar promised “authenticity and unmatched quality” across 24 offerings spanning cognac, gin, rum, vodka and artisan craft spirits.
The company also unveiled veteran actor and filmmaker Mahesh Manjrekar as brand ambassador. Manjrekar delivered the expected platitudes about heritage, craftsmanship and refinement, declaring Puranique a brand that “doesn’t just create beverages, it creates experiences.”
Whether Indian consumers agree depends on pricing, distribution and whether European pedigree translates into repeat purchases.
India’s premium spirits market is crowded and unforgiving. International brands jostle for shelf space whilst domestic players like Diageo’s McDowell’s and Pernod Ricard’s Imperial Blue dominate volume. Puranique’s challenge is carving out enough premium territory to justify an ambitious 24-product pipeline within 16 months. The company’s European heritage may open doors, but execution—and taste—will determine whether it stays for the long haul.
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
