just The Round-Up - The week in drinks
By Chris Mercer | 9 September 2011
 |
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
View next/previous articles
Currently reading -
just The Round-Up - The week in drinks
9 Sep 2011 -
Related research
Pernod Ricard in Spirits - World
Pernod Ricard was the world’s second biggest global spirits player in 2010, just behind Diageo. Thanks to a strong portfolio of brands, the company should overtake its long-term rival in 2011. The profile looks at how this has been possible and what ...
In 2010, Pernod Ricard has put greater emphasis on its wine portfolio, creating a new brand owning company to manage its leading wine brands including Jacob’s Creek. The profile looks at its current position and what it needs to do to move up the glo...
In 2010, Pernod Ricard has put greater emphasis on its wine portfolio, creating a new brand owning company to manage its leading wine brands including Jacob’s Creek. The profile looks at its current position and what it needs to do to move up the glo...
There are currently no comments on this article
Be the first to comment on this article