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March 12, 2021

From the just-drinks cellars – What happened in drinks on this day in …

Here's a look at what was happening in the drinks industry on this day in ...

By Rhodri Morgan

Here’s a look at what was happening in the drinks industry on this day in …

It was only 12 months ago that Dufry, the world’s largest travel retailer, said the coronavirus pandemic would have little impact on spirits sales in the Global Travel Retail channel.

We’re all used to the rumour mill churning out the well-worn trope, and two years ago we heard it again: Pernod Ricard was mulling an offload of its wine business, the headlines screamed – again.

An analyst cast doubts on reports that claimed Heineken would sell the Chinese rights to its flagship lager to China Resources Beer for US$1bn.

Bottled water became the biggest selling packaged beverage by volume in the US for the first time four years ago, according to research released at the time.

The Coca-Cola Co reduced CEO Muthar Kent’s pay by more than two-fifths in 2015, in what was seen at the time as a possible back-down over investor anger at excessive salaries.

Diageo changed its position on controversial new payment terms for its suppliers to ensure small and medium-sized (SME) firms were paid within 60 days.

Constellation Brands said it was “very disappointed” in a statement from San Antonio Winery that claimed the Californian grower won a legal injunction halting sales of Constellation’s Rosatello wine.

SABMiller announced plans to fund South Africa’s six main political parties ahead of the country’s 2014 general election.

A former executive at Coca-Cola Enterprises was charged with insider trading in the US nine years ago.

Anheuser-Busch InBev strengthened its grip on China’s Henan province by signing a deal to acquire Weixue Beer Group Co for an undisclosed fee.

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