Australia: Latest beverage news & analysis
Coca-Cola Amatil (CCA) has admitted that its FIFA World Cup marketing failed to deliver expected sales boosts as consumers in Australia suffer “promotion fatigue”.
The CEO of Treasury Wine Estates has revealed the company would consider acquisitions of luxury wine assets in the US after admitting its portfolio in the segment is “underdeveloped”.
Earlier today, Coca-Cola Amatil reported its half-year results for 2014, revealing a 15.6% fall in net profits on flat sales. Here, just-drinks takes a closer look at the Sydney-based company's performance in the six-month period by region and sector.
Treasury Wine Estates (TWE) will release it full-year results on Thursday. Here, just-drinks takes a look at the Australia-headquartered winemaker's news in the 12 months to the end of June, including takeover speculation that culminated in potential bids this month from private equity groups.
With Kohlberg Kravis Roberts & Co returning to Melbourne with an improved offer for Treasury Wine Estates, and the Australian wine company not slamming the door this time, the future for Treasury looks pretty sealed down.
Treasury Wine Estates paid out AUD1.3m in severance pay to its former CEO David Dearie, the company has revealed.
Australian retailer Woolworths is being forced to withdraw stocks of Duff Beer – a drink featured on TV show The Simpsons – after it fell foul of the country's advertising authorities.
The Australian Beverages Council (ABCL) has spoken out following calls in the country for restrictions on energy drinks from the mother of a man who reportedly died from caffeine toxicity.
Swedish cider maker Abro has launched a pomegranate extension of its Rekorderlig cider brand in Australia.
Treasury Wine Estates has reported full-year net losses of AUD100.9m and a slide in sales after what it called a “challenging” year.
Coca-Cola Amatil has flagged "a number of immediate challenges" as it released a poor set of half-year numbers.
Australian winemakers have agreed a new code of practice with retailer Woolworths Liquor Group (WLG) aimed at boosting “transparency” and “fairness” in negotiations and agreements.
One week after Kohlberg Kravis Roberts & Co (KKR) and Rhone Capital pitched a joint-takeover bid for Treasury Wine Estates, another "global private equity investor" has thrown its hat into the ring for the Australia-headquartered wine group.
Lion, the Australasian drinks and food unit of Japan's Kirin Group, has seen flat half-year sales, but profits rose due to currency movements.
Treasury Wines Estates (TWE) is to open up its books after receiving an increased AUD3.4bn takeover proposal from two private-equity suitors.
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