The week in drinks

The week in drinks

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

Lower costs have helped Asahi Group Holdings to increase nine-month profits, despite a drop in net sales for the period.

Stock Spirits has morphed from potential prey to predator in the acquisitions arena following a deal to refinance its bank facilities.

Pernod Ricard has mixed white rum and Tequila to develop Malibu Red, which will launch in the US early next year in partnership with R&B music star Ne-Yo.

SABMiller hopes to lure more African consumers into beer after securing a cut-price tax deal to produce a beer using local cassava in Mozambique.

Heineken has confirmed details of a proposed change of chairman.

Jeremy Beadles is to step down as CEO of the UK Wine & Spirit Trade Association and take up a post at Heineken.

MillerCoors has fallen foul of tough economic conditions and higher commodity costs in the first nine months of 2011, reporting drops in both sales and profits.

The Scottish Government has countered suggestions that its plans to introduce minimum pricing per unit of alcohol in the country are “probably illegal”.

Newly-independent Beam Inc has said that it expects full-year profits to be at the high end of its guidance, backed by higher sales for the first nine months of 2011.

PepsiCo has sold its bottling operations in China to Tingyi (Cayman Islands) Holding Corp in exchange for a stake in the noodle and soft drinks maker's business.