Here’s a look at what was happening on this day in…
2013 – Analysis – Relief for brewers as malted barley prices set to drop
European malted barley prices could drop by 14% this year despite predictions of a poor quality harvest in Russia, an analyst has said.
2012 – In the Spotlight – PepsiCo and the Race to the Top
PepsiCo’s announcement on Tuesday (11 September) that president John Compton has left to take over a truck-stop and travel-centre operator in Tennessee dropped the flag on fresh speculation over the group’s hotly-contested CEO ascension race.
2011 – FRANCE: Coca-Cola Co suspends investment on tax hike
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By GlobalDataCoca Cola France has suspended a planned EUR17m (US$24m) investment in France following the government’s decision to hike value added tax on added-sugar soft drinks.
2010 – UK/INDIA: SABMiller bats away Vodafone tax ruling
SABMiller has responded bullishly following yesterday’s court ruling against Vodafone in India.
2009 – FRANCE: Cognac dip will be short-lived – Courvoisier MD
A slip in Cognac sales in the global economic downturn will not turn into a long-term trend, the head of Courvoisier has told just-drinks.
2008 – BELGIUM: InBev gets Tsingtao stake, sweats on Modelo
InBev has confirmed that it will take control of Anheuser-Busch’s stake in Chinese brewer Tsingtao, once it has completed the takeover of the US company.
2007 – UK: SABMiller and C&C stay mum on buyout rumours
SABMiller and C&C Group have declined to comment over recent acquisition rumours.
2006 – CANADA: Wine leapfrogs spirits for first time
Canadians bought more wine than spirits for the first time last year, according to a report from national data agency Statistics Canada.
2005 – UK: Supermarket Champagne tops taste test
Tesco has seen its own-brand Champagne beat all-comers in a blind tasting.
2004 – US: Anheuser-Busch announces new product plans, affirms target
Anheuser-Busch has affirmed its 2004 target and announced new product and package plans. In a statement yesterday, the brewer said that it is enjoying another year of strong growth in earnings per share, cash flow and return on capital.
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