just the round-up - The week in drinks
The top ten most visited stories on just-drinks this week:
Fortune eyes acquisition
Fortune Brands said it is interested in making acquisitions that would bolster its spirits and home-products businesses, the company's chief executive said in an interview yesterday (14 May).
Anheuser cools speculation
Stifel Nicolaus has cut its rating on shares of Anheuser-Busch to "Hold" from "Buy", saying it had made the decision on valuation. "Valuation was the basis of our upgrade in March, and recent strength makes the shares less compelling, in our estimation, than they were then," its analyst Mark Swartzberg said in a research note.
Thai to acquire Oishi share
Singapore-listed Thai_Beverage announced today (15 May) it has signed a memorandum of understanding to acquire a 43.9% stake in Oishi Group for US93.8m.
Baltika acquires brewery
Baltika Breweries today (15 May) signed a contract with Brasseries Internationales Holdings (Eastern), for the purchase of Baku-Castel brewery.
SABMiller strong year
Strong demand in its developing markets has helped SABMiller deliver a robust set of full year results, despite rising costs pressures and increased competition.
Peroni fastest growing beer
UK: Peroni becomes fastest growing beer brand
SABMiller said today (15 May) that its premium imported Italian beer, Peroni Nastro Azzurro, has become the UK's fastest growing premium beer brand, growing at a rate of over 39% last year.
Fortune takes V&S legal action
Sweden's V&S Group, the maker of Absolut Vodka, has confirmed it has received an injunction seeking to prevent the transfer of its 10% stake in Beam_Global to the Swedish Government.
New Chivas bottle
Chivas_Brothers has launched a new 175ml bottle for its Chivas_Regal 18 Year Old brand, the company announced today (13 May). The new "robust" bottle, in keeping with the brand's positioning as a "modern and opulent presentation of an iconic brand," will offer a premium gifting solution for whisky lovers, the company said in a statement.
Spirits brands league table
Robert Sands interview
Having blazed a trail in the world drinks market for some years, Constellation Brands suffered something of a reversal in its last fiscal year, recording a net loss of US$610. In this month's two-part just-drinks interview, CEO Rob Sands tells Olly Wehring why the group is untroubled by last year's result and, in spite of some worrying economic and market trends, remains upbeat about the future.
SABMiller may have seen beer volumes rise by 3% in the first six months of the year but the impact of rising commodity prices, the global economic downturn and the credit crunch have given the brewer ...
SABMiller has said it aims to cut water use at its breweries by a quarter by 2015, as part of its UN commitment to sustainable development....
A new super premium blend of Courvoisier Cognac is in the pipeline, Beam Global has said, following strong demand for its limited edition L'Esprit de Courvoisier in the UK....
SABMiller has reported a 4% revenue rise for its first half, but warned of weakening consumer demand in many markets....
Miller Brands UK has appointed Darren Tendler as its sales director....
Per capita consumption of beer in Eastern Europe rose by 22 litres between 2002 and 2007, according to a report from beverage industry analysts Canadean....
Baltika Breweries, the leading Russian brewer, has reported sales and profit rises for the first nine months of 2008, lifted by a growing export business....
MillerCoors plans to cut up to 350 jobs over the next six months, as part of a the brewer's cost savings plan....
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