just the Round-Up - The week in drinks

By | 27 April 2012

The week in drinks

The week in drinks

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

SABMiller has confirmed a string of senior management changes that will see chief executive Graham Mackay stand down next year.

Beam Inc has confirmed that it will acquire the Pinnacle vodka and Calico Jack rum brands from White Rock Distilleries for US$605m.

Russian Standard has agreed to pump up to US$310m into Central European Distribution Corporation in a move which could see the Russian firm take a 28% stake in its vodka rival.

The departure of SABMiller's CEO next year, to become chairman, could represent a missed opportunity to get some external perspective, an analyst has suggested.

Remy Cointreau has posted a healthy rise in full-year sales for the 12 months to the end of March, despite a tough fourth quarter.

Wine consumption in India is expected to grow year-on-year and could reach 2.4m nine-litre cases by 2020, according to The IWSR.

Diageo has declined to comment on the latest report out of India claiming that the drinks giant is back in talks to buy a stake in United Spirits.

Coca-Cola Enterprises has reported slight lifts in first-quarter net sales and profits, despite a 0.5% slip in volumes in the period.

Pernod Ricard is unlikely to engage in any large-scale M&A activity in the short term, despite completing its refinancing programme, according to an analyst.

Anheuser-Busch InBev's global chief marketing officer, Chris Burggraeve, has stepped down from his post.

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

Companies: SABMiller, Beam Inc, Remy, Cointreau, CEDC, Diageo, United Spirits, Coca-Cola Enterprises, Pernod, Ricard, InBev

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Comment - Beer - It IS About Where You're From

Pete Brown has been lied to. This has rattled his cage somewhat. He doesn't like being lied to, and nor, he suggests, do beer consumers. Especially when it comes to the small matter of provenance.

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