just the Round-Up - The week in drinks
By Olly Wehring | 1 March 2013
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The week in drinks |
The top ten stories published on just-drinks last week:
Loch Lomond Distillers has declined to comment on speculation it is about to swallowed up in a private investor takeover.
Carlsberg is looking to increase its stake in Chongqing Brewery, its joint-venture partner in China.
Central European Distribution Corporation has started offering stock to some of its creditors, as the company is not in a position to cover its debt.
Cachaça is set to be recognised as a “distinctive product of Brazil” in the US from April after the authorities published a final ruling on the long-running bid.
The head of Anheuser-Busch InBev has said he is “optimistic” about the group’s prospects in China as it plans to open four more breweries in the country by 2015.
Molson Coors and Miller Brewing Company are heading for a legal showdown in Canada after the SABMiller subsidiary said it is terminating a licence agreement between the two.
E&J Gallo Winery is targeting growth across Africa through a South Africa-sourced variant of its US wine brand, Barefoot.
Monster Beverage's full-year results are “not perfect” but the company can look forward to single-digit sales growth over the next five years, an analyst has said.
Treasury Wine Estates has posted a marked fall in net profits for the first half of its fiscal year, with sales also slipping in the period.
Diageo has confirmed that India's competition watchdog has okayed its planned purchase of a stake in United Spirits, but warned that further approval is still needed.
Sectors: Beer & cider, Soft drinks, Spirits, Water, Wine
Companies: Carlsberg, InBev, CEDC, Coors, SABMiller, Gallo, Miller Brewing, Treasury Wine Estates, Diageo, United Spirits
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