just the round-up - The week in drinks

By | 29 January 2010

The week in drinks

The week in drinks

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


CZECH REPUBLIC: Heineken to close brewery

Heineken is to close its Louny Brewery in Czech Republic due to falling demand for beer in the country and the group's global strategy to cut costs.

HAITI: Barbancourt distillery knocked out in quake

The earthquake that shook Haiti did not spare the country’s largest rum producer, Barbancourt.

INDIA: UB Group chief calls on Indian drinks industry to unite

The head of The UB Group, Vijay Mallya, has called on the Indian liquor industry to unite and demand its due from the country's government.

COLOMBIA: Tax rise threat to SABMiller beer sales

A near five-fold rise in beer sales tax threatens to damage SABMiller's lager volumes in Colombia, the brewer's biggest market in Latin America.

US: Constellation Brands amends credit facility

Constellation Brands, the world's largest wine firm, has extended portions of its senior credit facility and a long-term loan to help it pay down debt.

GLOBAL: A-B InBev Western Europe chief departs, M&A VP appointed

Anheuser-Busch InBev has confirmed the departure of its zone president for Western Europe.

EUR: MEP calls for ban on alcoholic drinks with caffeine

A member of the European Parliament is campaigning for alcoholic drinks containing caffeine to be banned.

JAPAN: Kirin Holdings top on a sinking beer market

Kirin Holdings has claimed victory against rival Asahi after securing a larger slice of Japan's beer market for the first time in nine years.

BELGIUM: Workers block Heineken Alken-Maes brewery

Workers at Alken-Maes, the Belgian subsidiary of Heineken, have blocked the entrance to the firm's brewery in Alken in protest over planned job cuts.

US: Fortune Brands upbeat on FY results, Beam Global profits dip

The parent company of Beam Global Spirits & Wine, Fortune Brands, has posted its first quarterly increase in sales in the past eight quarters for the last three months of 2010.

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

Companies: Heineken, UB Group, SABMiller, Constellation, InBev, Kirin, Asahi, Fortune Brands, Beam Global

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Comment - SABMiller Q1: Thank Goodness That's Over

The news that SABMiller's Q1 volumes were down points to a tough three months for the brewer. Closer inspection of the firm's first quarter, however, suggests that SABMiller actually had as good a Q1 as it could have hoped for.

GLOBAL: SABMiller beer volumes drop in Q1

SABMiller has reported a drop in like-for-like beer sales by volume in its fiscal first quarter, as gains from the World Cup, Africa and Asia failed to outweigh lower demand in Eastern Europe and the US.

INDIA: United Breweries powers to strong Q1

United Breweries plans to expand its capacity after reporting a leap in beer sales and a doubling of net profits for its fiscal first quarter.

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