Blog: Coca-Cola, Huiyuan in fresh juice talks?
Olly Wehring | 23 April 2009
The Coca-Cola Co and Huiyuan Juice Group have held informal talks on a new tie-up between the two companies, according to a report in today's (23 April) Wall Street Journal.
The report comes a month after China's Ministry of Commerce rejected Coca-Cola's $2.4bn buyout bid for Huiyuan, on competition grounds.
Contrary to the report, a source close to the situation has told just-drinks today that the companies have not entered direct talks since the Ministry's ruling.
Despite this, just-drinks understands that the door is not closed on a deal. Investment banking representatives of the two companies in Hong Kong are believed to be eyeing possible ways of securing a future tie-up between the firms.
Ordinarily, Coca-Cola's sheer size and dominance in the global soft drinks market would likely make the firm loathe to agree to a venture in which it would not have a controlling stake.
However, China's potential as a consumer market, coupled with its political landscape, make it an extraordinary proposition for foreign multinationals.
And Hong Kong-based Huiyuan, with its 42% share of China's growing juice market, is a fairly mouthwatering proposition for soft drinks firms.
For now, Coca-Cola appears content to sit tight and build its in-house portfolio in China, but a revival of talks with Huiyuan should not be ruled out.
Bacardi's 42 Below vodka brand has found a novel way to use the lemons left over from cocktail-making: Turn them into liquid soap....
Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....
Earlier this month, I was most-kindly invited by Accolade Wines to visit the Royal Albert Hall in London. The reason? They wanted to see a tennis great in action, and then give them a guided tour thro...
Do you like whisk(e)y? And, I mean, really like whisk(e)y? Are you at a loose end in the first half of 2017? If so, then I've found just the job for you....
- Interview Berry Bros & Rudd CEO Dan Jago - Part I
- Interview Berry Bros & Rudd CEO Dan Jago - Part II
- The threat of excess choice in beer is over-stated
- Key trends for the spirits sector in 2017 - Focus
- Signs of life in Japan's beer market - Comment
- Pernod Ricard's Method and Madness Irish whiskey
- Diageo faces US$68m payout after SAP court loss
- Wm Grant names Victor Jerez business director
- Bacardi takes stake in Ilegal Mezcal
- Premium to counter mainstream in gin - research
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends