The week in drinks

The week in drinks

The top ten stories published on just-drinks this week:

AUS: Foster's Group withdraws vineyards from sale

Foster's Group has decided that three vineyards and a winery put up for sale following the firm's wine division review may have a viable future after all.

US: Price wars maintain spirits demand in '09 - study

Price wars between rival retailers and drinks firms helped the US spirits market to expand by 1.6% in volume in 2009, despite the country's economic problems.

NZ: Pernod Ricard changes Montana to Brancott Estate

Pernod Ricard has announced a global name-change for its New Zealand wine brand, Montana.

UK: C&C Group pumps US$10m into Tennent's

C&C Group has invested GBP7m in back office facilities at its Tennent's lager subsidiary and is about to embark on a new marketing campaign for the brand.

US: UBS calls halt on Dr Pepper Snapple ascent

Analyst group UBS has cut its rating on Dr Pepper Snapple Group, warning that the drinks maker's share price looks overweight in the market.

GREECE: Coca-Cola Hellenic Bottling Co eyes acquisitions

The head of Coca-Cola Hellenic Bottling Co has said the Greece-based soft drinks group is on the lookout for acquisitions.

FRANCE: Belvedere CEO fights to halt assets seizure

The chairman and CEO of French drinks group Belvedere is fighting to prevent his assets being seized by two UK-based investment funds, just-drinks can confirm.

US: Diageo sells off, leases back California wine assets

Diageo has secured a sale-and-leaseback arrangement for some of its wine assets in the US.

UK: Heineken sells WaverleyTBS drinks distributor

Heineken has agreed to sell UK drinks distributor WaverleyTBS to private investment group Manfield Partners for an undisclosed fee.

EUROPE: Diageo downbeat on Europe prospects

Diageo is preparing for another tough 12 months on Europe's alcoholic drinks market, with little sign of economic improvement in key countries, according to the group's president for the region.