Heres what was making the drinks news on this day in years gone by

Here's what was making the drinks news on this day in years gone by

Here's a look at what was happening on this day in...

Treasury Wine Estates (TWE) has confirmed that legal proceedings have begun against the company over allegations involving its business practices in the US.

Monster is feeling the heat, there's no doubt about it. After taking a while to respond to its circling critics last month, the group's CEO himself spoke out yesterday about the spate of negativity around the group. And it was far from just a throwaway line.

PepsiCo's CEO has said that emerging markets are set to account for at least half of its global sales in the next five years, according to a report.

The CEO of The Coca-Cola Co, Muhtar Kent, has reaffirmed the soft drink firm's plan to spend US$300m in Malaysia over the next five years.

Back in February last year, the owners of the Ketel One vodka brand, the Netherlands-based Nolet family, announced a tie-up for the brand with Diageo. The deal not only signaled the end of Diageo's interest in the race to acquire Vin & Sprit's Absolut, but also gave the Nolets a helping hand with its premium vodka brand. Last week, Michelle Russell met with Bob Nolet, the vice president of Nolet Distillery and 11th generation family member.

An economic slowdown has caused more US consumers to trade down on drinks, but figures show that the premium spirits category remains buoyant, Diageo executives have said.

Having seen a healthy 7.2% rise in shipments in 2006, the global Cognac market is set for continued growth over the coming four years, according to a new report from just-drinks, with continued progress in key major markets such as the UK, the US and China and an increasing contribution from new and emerging markets such as South Africa and Mexico. Ben Cooper reports.

InBev today (9 November) announced that its Latin American subsidiary AmBev is to make a voluntary offer to purchase any and all Class A shares and Class B shares of its subsidiary Quinsa, that it does not already own.

Sapporo Breweries has said that sales its of so-called "third category" beer would fall by 30% if the government goes ahead with plans to raise the tax rate on the product.

Denmark's Carlsberg A/S has had to revise its expectations for 2004 following what it called disappointing figures from its Swedish business which it said could not be compensated for by the rest of the business.

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