just On Call
We report back from drinks companies' conference calls post-results announcement.
The head of Treasury Wine Estates (TWE), which announced earlier today the end of takeover talks with two private-equity groups, has said he doesn't expect the bidders to return to the negotiating table.
Pernod Ricard has quantified its claim that China is showing signs of improvement, but conceded that growth will be driven by the more “affordable” SKUs in its spirits portfolio.
The head of Stock Spirits has indicated that the company is on the hunt for further distribution tie-ups with international spirits firms in Central and Eastern Europe.
Pernod Ricard has blamed the rise of craft spirits such as Tito's Handmade Vodka for a drop-off in US sales for its Absolut brand.
Brown-Forman is trying to open talks with a regional Russian authority that reportedly confiscated some Jack Daniel's products over health fears, its CEO has said.
Coca-Cola Amatil (CCA) has admitted that its FIFA World Cup marketing failed to deliver expected sales boosts as consumers in Australia suffer “promotion fatigue”.
The CEO of Treasury Wine Estates has revealed the company would consider acquisitions of luxury wine assets in the US after admitting its portfolio in the segment is “underdeveloped”.
Heineken is “in a good position” to grow premium beer sales in Russia despite a declining market and political tension, its CEO has said.
Carlsberg is “considering” closing some of its breweries in Russia as the country's beer market continues to falter, the group's CEO has revealed.
Monster Beverage Corporation wants to launch its products in China after the Coca-Cola Co agreed to takes a minority stake in the company.
The CEO of Monster Beverage Corps has said its new Ultra Sunrise will help capture trends for “lighter” energy drinks as health fears over sugar seep into the category.
Molson Coors has said there is “more work to be done” on Coors Light in Canada despite a slight rally for the brand in the second quarter.
The head of Gruppo Campari has voiced caution about the company's domestic market as factors including bad weather look to “normalise” a strong start to the year.
Anheuser-Busch InBev's CEO has said Budweiser's market share in the US “remains an issue” but that the Rita extensions can balance the brand's portfolio.
Diageo's CEO has admitted the year has been “tougher than expected” and defended the company's stake in baijiu brand Shuijingfang.
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- Treasury Wine Estates: Here I Go Again On My Own
- NPD: The Craft Cocktail Revolution
- Private-equity bids "over" - TWE head
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev appoints new AmBev CEO
- Treasury Wine Estates pulls plug on takeover talks
- Suntory Holdings to split beer, spirits division
- Quintessential Brands changes MD at Essential unit