just the Round-Up - The week in drinks

By | 24 June 2011

The week in drinks

The week in drinks

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

Heineken has reached the halfway stage of its scheme to hand 29m shares to Fomento Económico Mexicano (FEMSA), in exchange for ownership of its FEMSA Cerveza brewer.

Brazil has welcomed a decision by the US not to contest a ruling that it violated international trade law by illegally taxing imports of Brazilian orange juice.

A relaxation of the rules around internet domain names could allow drinks companies to acquire a bigger slice of the web for their brands.

Foster's Group has rejected a takeover bid from SABMiller valuing it at AUD11.2bn (US$11.8bn) including debt, marking the first public approach for the Australian beer group.

Coca-Cola Amatil could be locked out of Australian beer for at least two years, if SABMiller succeeds in acquiring Foster's Group.

Anheuser-Busch InBev is to launch Leffe and Hoegaarden in Turkey after signing an import deal with Turk Tuborg Bira & Malt Sanayii in the country.

PepsiCo has announced the creation of a new global marketing and brand management unit for its beverage brands, with the CMO of its PepsiCo Beverages Americas (PBA) division set to stand down.

Molson Coors has agreed to bail-out Cobra India and take a controlling stake in the beer business, as part of the brewer's plan to expand in emerging markets.

Gruppo Campari has doubled capacity at its Wild Turkey Bourbon distillery in the US, after unveiling a US$50m extension to the facility.

Hacks and investors have been sent into a frothy frenzy (try saying that after a few cold ones) by the news that someone -  SABMiller - has actually launched a public bid to buy Foster's Group. Here, just-drinks rounds-up all of the fallout.

Sectors: Beer & cider, Soft drinks, Spirits, Water, Wine

Companies: SABMiller, FEMSA, Heineken, Foster’s, Amatil, PepsiCo, InBev, Coors, Campari, Gruppo Campari

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