Alcohol In Moderation

Beverage industry company news

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TURKEY: Coca-Cola Co to return to Iraq

29 Jun 2005

The Coca-Cola Co. is set to return to Iraq after more than 20 years.

AUSTRALIA: Dromana to conclude Yarra Hills deal

23 Jun 2005

Dromana Estate Ltd has said it will buy the remaining shares it does not already own in the wine producer Yarra Valley Hills.

UK: Minute Maid range launches in the UK

20 Jun 2005

Minute Maid 100% Pure Squeezed Juices, newly created by Coca-Cola Great Britain especially for British consumers, go on sale nationally this week as the first major launch under the Minute Maid brand.

UK: Cobra Beer ponders flotation - report

9 Jun 2005

Cobra Beer is mulling a flotation in the UK, according to press reports.

EU: Loan granted to Romanian Euro Drinks Group

8 Jun 2005

The European Bank for Reconstruction and Development (EBRD) is planning to lend Romania’s European Drinks Group €195m to fund a long-term investment and expansion programme.

UK group takes lead on responsible promotion

7 Jun 2005

The British Beer and Pub Association (BBPA) recently introduced new guidelines for the responsible promotion of alcohol. Ben Cooper spoke with the BBPA’s director of communications, Mark Hastings, about the new code and what it sets out to do.

UK: Belhaven FY profits on the rise

6 Jun 2005

Belhaven Group has posted a rise in full-year pretax profit.

CANADA: Vincor celebrates FY and Q4 results

3 Jun 2005

Vincor International has posted its financial results for the quarter and year to 31 March.

CHINA: Pernod looks local for Chinese JV

26 May 2005

Pernod Ricard is looking for local partnerships in China.

US/EUROPE: PepsiCo in acquisitive mood - report

24 May 2005

PepsiCo has identified as many as 20 possible targets for acquisition in Europe, with the aim of increasing international sales and margins, according to press reports.

UK: Pub association opts to ban "happy hours"

24 May 2005

The British Beer and Pub Association has made a move to limit excessive and irresponsible promotions.

POLAND: Bialystok debuts, Treasury wants more

12 May 2005

Polmos Bialystok debuted on the Warsaw Stock Exchange this morning, slipping despite heavy demand in its initial public offering.

Swedish import proves too sexy for some

10 May 2005

The imported premium vodka, Svedka, is without doubt a brand success story in the dynamic US premium vodka market. But its raunchy advertising has ridden roughshod over industry rules causing concern among competitors. David Robertson reports.

EU: EC probes Dutch malt subsidies

10 May 2005

The European Commission has opened a formal investigation into a planned €7.425m-subsidy package planned by the Dutch government into its country’s malt sector.

SWEDEN: Systembolaget to target consumption cuts

6 May 2005

The Swedish state-run alcohol retailer Systembolaget is to set up a subsidiary whose aim will be to cut alcohol consumption, the local press reported today (6 May).

UK: Young & Co to simplify share structure

5 May 2005

The UK brewer Young & Co.'s has proposed simplify its share structure, in a plan that is expected to provide greater liquidity in its voting shares.

COMMENT: Danone, Yakult bacteria bonanza?

4 May 2005

Danone and Yakult have announced a joint venture to sell probiotic products in India. The move marks the first entrance by either company into the Indian market, in which they are aiming to become leading players. The companies hope to benefit from the growing Indian population and the global trend towards positive nutrition, but they must exercise sensitivity to consumer demographics.

SPAIN: Nestle starts water plant in Badajoz

4 May 2005

Nestle Waters Spain has inaugurated a new water plant in Herrera del Duque near Badajoz, western Spain, a company spokesman has confirmed to just-drinks.

THAILAND: Edrington man joins InterBev

21 Apr 2005

Charoen Sirivadhanabhakdi, the chairman of International Beverage Holdings Limited, today announced the appointment of Barrie Jackson as president of InterBev with effect from 1st June 2005.

UK: Pernod upgraded on Allied talks

6 Apr 2005

Fideuram Wargny has upgraded its rating of Pernod Ricard to 'buy' from 'hold'. Its analysts argue that the merger talks with Allied Domecq is a catalyst for share growth.

UK: Guinness to sponsor rugby premiership

6 Apr 2005

Guinness is to become the new title sponsor of the UK’s premiership rugby union competition. The agreement is valued at over £20m and the Zurich Premiership will be renamed at the end of the current season to become The Guinness Premiership for the start of the 2005/2006 season.

UK: Cranswick-Smith sets up distribution company

31 Mar 2005

Graham Cranswick-Smith, founder and previous MD of Cranswick Premium Wines, before it was bought by Evans & Tate, has come out of what he has called a “hibernation” to set up a distribution company in the UK called Kingston Wine Agencies.

CHINA: Uni-President chases Asia’s juice No. 1

24 Mar 2005

Uni-President Enterprises Corp. has bought into a venture with China’s largest juice maker.

SWEDEN: Systembolaget to reduce consumption

22 Mar 2005

Systembolaget is to launch a campaign to cut the level of consumption in Sweden.

DENMARK: Carlsberg pushes 'international-ness'

22 Mar 2005

Carlsberg has revealed its marketing plans for the summer.

UK: WSA restructures under major overhaul

10 Mar 2005

The UK’s Wine and Spirit Association (WSA) has announced a restructure following recommendations made by a Working Group set up in November. The restructure will aim in particular to address the needs of the wine industry, the fastest growing element of its membership.

UK: Diageo profits fall on FOREX hit, volumes up

17 Feb 2005

The weakness of key currencies and a tough European market contributed to Diageo today reporting a fall in profits before taxation and minority interests by 4.8% to £1,190m for the six months ended 31 December 2004. In the same period last year, the company reported profits before tax of £1,259m.

FRANCE: ChateauOnline sold

16 Feb 2005

French web-based wine retailer ChateauOnline has been acquired by Trinidad et Tobago CL Financial which owns the Angostura, Hine and Burn Stewart Distillers brands as well as having shareholdings in Todhunter and Belvédère.

CHINA: Absolut to target China in new ad campaign

15 Feb 2005

Vin & Sprit, the Swedish drinks group, has said that it is targeting China in an effort to expand upon Absolut's dominance as the premium vodka brand throughout the country’s mainland.

UK: Wines of Argentina appoints PR agency

25 Jan 2005

Focus PR has been appointed by Wines of Argentina to develop its generic PR campaign in the UK.






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