just the round-up - the week in drinks
By just-drinks.com editorial team | 8 August 2008
The top ten most visited stories on just-drinks this week included news the world's number one wine group was to reduce its Australian footprint, Coca-Cola has acquired assets in Colombia and Diageo is upping its commitment to fight fraud.
Change at the top for Bacardi
BERMUDA: CEO change at Bacardi
Bacardi has confirmed a change of leadership at the family-owned drinks company. Facundo Bacardi, the Bermuda-based company's chairman, announced that Seamus McBride will replace Andreas Gembler as president and CEO.
Soy drinks to the fore
US: Soy beverages on the rise in US - research
Soy beverages saw a US growth of 19.3% last year as the category makes a definitive move towards the mainstream, recent research has shown.
AG Barr acquisition
UK: A.G. Barr sets up Rubicon purchase
A.G.Barr has lined up the acquisition of Groupe Rubicon. The two UK-based companies confirmed today (5 August) that Barr, which owns the Irn Bru soft drink brand, will buy Rubicon for GBP59.8m (US$116.9m).
Stoli sale talk denied
RUSSIA: Stolichnaya vodka not for sale - SPI
Stolichnaya vodka is not for sale, but brand owner SPI Group is in negotiations to form new distribution agreements in key markets, minority shareholder Andrey Skurikhin has told just-drinks.
CCHBC ups Italian presence
ITALY: Coca-Cola Hellenic readies Socib buy
Coca-Cola Hellenic has lined up the purchase of Socib in Italy. The Greece-based company confirmed today (6 August) that it will buy Socib, the second largest Coca-Cola franchise bottler in Italy, for EUR270m (US$416.5m) including debt.
Constellation to sell assets
US: Constellation to reduce Australia presence
Constellation Brands is looking to sell some of its wine assets in Australia. The US-based company confirmed yesterday (6 August) that it will divest certain assets at Constellation Wines Australia and will implement changes to its wine portfolio and production footprint in the country.
Coke Colombian buy
COLOMBIA: Coca-Cola FEMSA, Coca-Cola Co. snap up Bavaria's Brisa
Coca-Cola FEMSA has teamed up The Coca-Cola Company to acquire Agua Brisa from SABMiller's subsidiary in Colombia.
Diageo fights fraud
CHINA: Diageo files lawsuit against Johnnie Walker copycat
Diageo has filed legal action against Chinese drinks firm Blue Blood, accusing the group of copying the packaging design used on Johnnie Walker whisky.
Italian wine scandal latest
ITALY: Scandal fails to dent Brunello di Montalcino sales
Sales of Brunello di Montalcino wine rose strongly in the first half of this year, despite a fraud investigation against some of the region's best-known producers, the local wine union has said.
Molson Coors struggles
US/CANADA: One-off costs hammer Molson Coors in H1
Molson Coors has posted a marked drop in profits for the first half of this year, as one-off charges made their presence felt.
Sectors: Beer & cider, Soft drinks, Spirits, Water, Wine
Companies: Bacardi, Constellation, Diageo, Stolichnaya, AG Barr, Coca-Cola FEMSA, Johnnie Walker, Coke, Coca-Cola Co, Bavaria, SABMiller, Molson Coors
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