just the Round-Up - The week in drinks

By | 23 August 2013

The week in drinks

The week in drinks

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

Kyrgyzstan officials say alcohol is being smuggled into the country from neighbouring Kazakhstan via an underwater pipeline, according to reports.

Former Diageo CEO Paul Walsh has been appointed as a director on the board of United Spirits.

Ongoing struggles in Poland's vodka market continued to hamper sales for Belvédère in its first half.

The CEO of PepsiCo's Asia, Middle East and Africa (AMEA) unit, Saad Abdul-Latif, has died suddenly, the company announced today (19 August).

Coca-Cola Amatil (CCA) has signed “long-term exclusive” deals to distribute Molson Coors and C&C Group beer and cider brands as the Australia-based group moves deeper into the alcohol beverage market.

Market share gains in Asia and Eastern Europe have helped Carlsberg post a rise in first-half profits but on-going challenges in Western Europe dragged on its performance. 

Heineken has posted a drop in first-half sales and profits as high unemployment and bad weather in Western Europe hit demand in the key region.

Treasury Wines Estates (TWE) has reported a sharp drop in full-year net profits after a “challenging” year which included a AUD154.7m (US$139.7m) writedown in the US.

The sale of Serbia's Vrsacki Vinogradi winery to Chinese firm Guan Nan is under investigation by the country's prosecutor's office.

Brown-Forman is to spend US$100m upgrading its Jack Daniel's distillery as global demand for the Tennessee whiskey continues to rise. 

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

Companies: Diageo, Brown-Forman, Heineken, Carlsberg, Jack Daniel’s, CCA, PepsiCo, Molson Coors, Belvedere, United Spirits, C&C Group, Treasury Wine Estates

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just the Round-Up - The week in drinks

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

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Today (18 February), Coca-Cola Amatil reported its full-year results, revealing an 83% drop in net profits as its packaged food unit, SPC Ardmona, suffered write-downs. Here, just-drinks takes a closer look at the Sydney-based company's performance in the 12-month period by region and sector.

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