Blog: The just-drinks Weekly Round-Up
Olly Wehring | 27 May 2014
On just-drinks last week:
- After having to deny recent M&A speculation, Treasury Wine Estates confirmed on Tuesday that it has received a full takeover offer. The US$2.85bn bid by private equity firm Kohlberg Kravis Roberts & Co has been turned down by Treasury’s board, who clearly prefer to see if the company’s new CEO can turn its fortunes around. My question is: Will Michael Clarke be given enough time to put his plan into effect?
- Britvic continues its turnaround, with half-year figures last week showing a soft drinks company in rude health. After its UK headaches, which brought into view an aborted merger with AG Barr a year ago, Britvic is looking to the US to augment its improving performance back home. Also in soft drinks, Richard Corbett looked at Monster Beverage Corp to see what the energy drink producer has been doing right of late.
- With contrasting fortunes for sales and profits in its most recent fiscal year, SABMiller saw its performance in the 12 months to the end of March hinge once again on the emerging markets of the world. That said, several markets in Africa provided the brewer with a range of issues that CEO Alan Clark hopes won’t hang around for too long.
- In spirits, meanwhile, we saw the Drambuie Scotch whisky liqueur go up for sale last week. With the brand being produced under licence by Morrison Bowmore Distillers, an acquiror seems immediately obvious. But, has Morrison Bowmore’s parent company, Suntory Holdings, got any money left, having bought Beam Inc for US$16bn last month?
Here's a round-up of the big stories on just-drinks last week, featuring AG Barr, Bombay Sapphire, Wines of South Africa and Pabst Brewing Co....
The book has been closed - for now - on the end of the plc line for Treasury Wine Estates, following yesterday's announcement that it has called time on negotiations with two separate parties on a pos...
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Here's a round-up of the big stories on just-drinks last week, featuring SABMiller, Orangina Schweppes, PepsiCo and Scottish devolution....
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- NPD: The Craft Cocktail Revolution
- Private-equity bids "over" - TWE head
- Treasury Wine Estates: Here I Go Again On My Own
- Carlsberg suspends production at Russian brewery
- Suntory Holdings to split beer, spirits division
- Anheuser-Busch InBev appoints new AmBev CEO
- Treasury Wine Estates pulls plug on takeover talks
- Quintessential Brands changes MD at Essential unit