Blog: The just-drinks Weekly Round-Up
Olly Wehring | 31 March 2014
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Meanwhile, on just-drinks last week:
- The wine producers of Europe breathed a sigh of relief when their trade body secured an end to the anti-dumping row with its Chinese counterpart. With China viewed by many as the next big growth area for wine (just ask Constellation), the uncertainty of the last six months looks finally to have come to an end. Go east, young man! Meanwhile, this year’s ProWein exhibition took place in Dusseldorf last week. Here’s the full round-up of our coverage of the event.
- China also hogged the spirits headlines, with both Pernod Ricard and Diageo highlighting their efforts in the country. Pernod is looking to the country’s female consumers to help it get over the Cognac hump, while Diageo shuffled its executive pack to target China - and India - going forward. Elsewhere, Suntory moved a step closer to completing its purchase of Beam Inc - we can expect the deal to close at the end of April.
- Back to China, and Heineken signalled its hopes for the country’s beer market, as it began construction of its third brewery there. Further north, however,Anheuser-Busch InBev closed yet another facility in Russia as the authorities’ clampdown on irresponsible consumption continues to bite the brewers.
- In soft drinks, AG Barr toasted a healthy 2013, as it reported a strong set of numbers for the year. Shortly after the release of the figures, Barr’s CEO told us of his lack of concern at the arrival of Suntory in the UK’s soft drinks market.
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