just the round-up - The week in drinks
Author: just-drinks.com editorial team | 13 March 2009
The top ten stories published on just-drinks this week:
United Spirits and Whyte & Mackay
INDIA: United Spirits mulling Whyte & Mackay sale?
Whyte & Mackay has declined to comment on reports that it could be sold by its parent company in the coming months.
Innocent to sell off stake?
UK: Innocent Drinks looking for potential bidders
UK smoothie group Innocent Drinks has said it is scouting for potential bidders for a minority stake in its company.
Australian RTD tax
AUSTRALIA: Senate to debate RTD drinks tax
Australia's 70% take hike on ready-to-drink alcoholic beverages, or 'alcopops', hangs in the balance as the country's Senate prepares for a key vote on the issue.
Brown-Forman results
US: Nine-month profit creeps up at "cautious" Brown-Forman
Brown-Forman has posted a slight lift in net profit for the first nine months of its fiscal year, despite slowing sales in its third quarter.
Boston Beer Company results
US: Boston Beer sees product recall hammer FY profits
The Boston Beer Company has posted a marked drop in profits for 2008, thanks in part to a product recall in April last year.
Portman Group orders Baby rebrand
UK: Portman forces Alcohol Brand's 'Baby' drinks to re-brand
Two UK drinks containing vodka are being forced to re-brand following a complaint under the Portman Group's code of practice.
Minimum price for alcohol hits glitch
UK: Scottish alcohol plans face delay
Plans to restrict alcoholic drinks sales in Scotland, including the introduction of minimum pricing, cannot be implemented without fresh legislation, opposition parties have warned.
Anheuser-Busch InBev's divestment needs
BELGIUM: Anheuser-Busch InBev eases pressure for disposals
Anheuser-Busch InBev is no longer under pressure to sell assets in 2009, due to progress on cost savings and a strong cash flow, analysts believe.
Asahi Breweries and Cadbury Australia
AUS: Asahi Breweries gets Cadbury Australia buy okay
Asahi Breweries has secured a binding agreement to acquire Cadbury's soft drinks business in Australia.
SABMiller unit continues Chinese buys
CHINA: SABMiller CR Snow buys brewery
SABMiller's Chinese joint venture, China Resources Snow Breweries, is to buy a brewery in the country's Shandong province for around US$42m.
Sectors: Beer & cider, Soft drinks, Spirits, Water, Wine
Companies: Whyte & Mackay, Innocent, Brown-Forman, United Spirits, Anheuser-Busch, Anheuser-Busch InBev, Asahi, Cadbury, SABMiller
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