just the Round-Up - The week in drinks

By | 1 November 2013

The week in drinks

The week in drinks

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

Treasury Wine Estates has said it “strongly denies any allegations of wrongdoing” as it faces the prospect of a lawsuit from shareholders over its US business activities.

Red Bull has declined to comment directly on reports of a US$85m lawsuit filed against it by the family of a New York man who died after allegedly drinking one of its energy drinks.

Brown-Forman has launched a lawsuit against a Tennessee-based drinks firm over claims that consumers will confuse its white whiskey with Jack Daniel's. 

Mezcal producer Casa Armando Guillermo Prieto (Casa AGP) is set for a boost after signing an exclusive Mexico distribution deal with Bacardi. 

The UK should consider adopting a similar structure to the US' three-tier alcohol system to tackle alcohol duty fraud, a trade group has recommended.

Asahi Group's Australian unit has written down the value of its alcohol business, Independent Liquor, by AUD464m (US$440m), according to reports.

Kirin Holdings has seen a slowdown in sales growth in its year-to-date, but its bottom line remained healthy from the Fraser & Neave stake sale.

Anheuser-Busch InBev has seen its profits return to the black for 2013 so far, despite another tough three months for its operations in Brazil.

Beam Inc has said it expects a strong final quarter to the year after a weak Q3 pushed down year-to-date profits.

Light beer continues to struggle in the US, but the overall beer market in the country delivered increases in sales by both value and volume last year, according to recent research.

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

Companies: Brown-Forman, InBev, Jack Daniel’s, Red Bull, Bacardi, Asahi, Kirin, Treasury Wine Estates, Beam Inc

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