just The Round-Up - The week in drinks

By Chris Mercer | 9 September 2011

The week in drinks

The week in drinks

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

Coca-Cola Enterprises has reinstated a EUR17m (US$24m) investment plan in France just 24 hours after announcing a review of the spend, amid a backlash from senior politicians.

PepsiCo's CFO has warned that weak economies in the developed world are making it increasingly difficult for soft drinks companies to offset lower volume sales with price increases.

Heineken  could invest up to EUR400m (US$563m) in Democratic Republic of Congo over the next five years, despite ongoing concern about poor infrastructure and political violence in the country.

Pernod Ricard  has said it has no plans for any major merger and acquisition activity in the “short term”, effectively ruling out a move for Beam Inc in the coming months.

Diageo has declined to comment on a report out of India that says the drinks giant will re-enter the market for domestically-produced whisk(e)y in order to boost scale in the country.

Diageo may have to bide its time if it wants acquire Jose Cuervo Tequila at a reasonable price, according to Mexico-based analysts. 

Pernod Ricard  has attained an "investment grade" credit rating at Moody's, adding more evidence that the drinks giant is close to chalking off debt accrued via its purchase of Vin & Sprit.

Australia's Takeovers Panel has refused to open an investigation into Foster's Group's earnings statements, following an official complaint from the brewer's would-be suitor, SABMiller.

New Zealand wine faces consolidation as it wrestles with the global impact of exchange rates and a growing vintage size.

Big brewers are not known for buying businesses and leaving them to their own devices, but Molson Coors and Sharp's Brewery appear to have struck a reasonably happy medium. Chris Mercer reports on what has been happening since Molson Coors' acquisition.

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

Companies: Pernod, Ricard, Diageo, PepsiCo, Heineken, Coca-Cola Enterprises, SABMiller, Foster’s, Coors

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