Blog: The just-drinks Weekly Round-Up
Olly Wehring | 8 September 2014
On just-drinks last week:
- Pernod Ricard hogged the spirits limelight for the second consecutive week, with several of its senior exec team - including CEO Pierre Pringuet - heading to London to discussthe firm's full-year results. While Pringuet took the opportunity to claim that a corner has been turned in China, it also became clear that the company is not set for any sizeable M&A activity in the coming years. Elsewhere in spirits, Ian Buxton looked at Diageo's innovation platorm, Distill Ventures, a year on from its formation.
- In soft drinks, the Coca-Cola Co confirmed the latest move to return to a franchise model in North America by handing over more territory in the US to Coca-Cola Bottling Co Consolidated. Dr Pepper Snapple Group is moving in the opposite direction, it would appear: On Thursday, it announced its intention to buy east coast distributor Davis Beverage Group and bottling arm Davis Bottling Co.
- Staying with buying and selling, Heineken offloaded its Mexican packaging business Empaque last week, a divestment that will boost the brewer’s bottom line to the tune of EUR300m (US$395m). In Africa, meanwhile, SABMiller announced its entry into the spirits category, with the launch of Fyfe’s blended Scotch in Tanzania.
- In wine, Chile’s Santa Rita Estates appointed a new CEO on Tuesday, as C&C Group looked to surf the fruit-flavoured wine wave with the relaunch of Castaway Spritz in the UK.
- Finally, we’re trialling a sector-specific weekly review of the news that matters. For beer, click here and for soft drinks & bottled water, head here. The spirits & wine review can be found here.
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