The week in drinks

The week in drinks

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

GLOBAL: Suntory eyes Eastern Europe, Middle East buys

Japanese drinks major Suntory is mulling acquisitions in Eastern Europe, the Middle East and North Africa to grow its international sales by 40% in five years, a company official has confirmed to just-drinks.

US: Constellation Brands plays down Crown Imports row

The CEO of Constellation Brands has insisted that there is no rift with Grupo Modelo over the Crown Imports beer venture.

GREECE: Drinks industry feels pinch as austerity plan bites

Drinks retailers and wholesalers are coming under pressure in Greece as duty tax increases ordered within the government’s tough austerity programme start to bite.

RUSSIA: Russian Standard backs minimum vodka price

The founder and CEO of Russian Standard Vodka has welcomed the planned price controls on vodka announced by the Russian Government.

US: CEDC pulls out of Nemiroff vodka buy

Central European Distribution Corp (CEDC) has dropped plans to acquire Ukrainian vodka firm Nemiroff.

GLOBAL: Unemployment may snuff out recovery - OECD

Leading economic body the Organisation for Economic Co-operation and Development has warned that unemployment poses a serious risk to recovery in western countries.

UK: Online drinks adverts face tougher checks

The UK Government's advertising watchdog is set to enforce stricter rules for online marketing by the alcoholic drinks industry.

GLOBAL: Multinational spirits suffer as domestics thrive in 2009 - Research

Multinational spirits brands bore the brunt of a tough 2009, as local brands benefited from the economic downturn, according to recent research.

CHINA: Scotch whisky to get protected GI status

Scotch whisky distillers are toasting a commitment by China's Government to introduce protected name status for their products.

INDIA: John Distilleries confirms equity infusion

A spokesperson for John Distilleries has confirmed to just-drinks that the firm is targeting a INR750m (US$16m) private equity infusion, but that talks are ongoing and plans would soon be finalised.