just the round-up - The week in drinks

By | 14 May 2010

The week in drinks

The week in drinks

The top ten stories published on just-drinks this week:

DENMARK: Carlsberg upbeat after Russia damages Q1 sales

Carlsberg has stood firm on its forecast of a strong profits rise in 2010, despite seeing first quarter sales damaged by a three-fold tax rise on beer in Russia.

UK: Percy Fox teams with Matthew Clark in UK on-trade

Diageo's wine business in the UK, Percy Fox, has set up an on-trade distribution agreement with Matthew Clark in the country.

US: Private label sales boost Reed’s earnings

Reed's has narrowed its net losses for the first quarter boosted by private label and branded product sales.

INDIA: Diageo eyes control of Radico Khaitan JV

Diageo is understood to be seeking control of its 50-50 spirits joint venture with Radico Khaitain in India.

US: Molson Coors appoints exec to MillerCoors board

Molson Coors has appointed its chief people officer, Ralph Hargrow, to the board of MillerCoors, the brewer's joint venture with SABMiller in the US.

US: Dr Pepper Snapple to get lower windfall - analyst

Analyst group Stifel Nicolaus has said that Dr Pepper Snapple Group may get a lower windfall than first assumed from The Coca-Cola Co's deal to buy the North American operations of Coca-Cola Enterprises.

US: Diageo eyes wine assets sale

Diageo is set to cut jobs as part of a plan to slim down its US wine business, Diageo Chateau & Estate Wines.

ITALY: Gruppo Campari in high Q1 spirits

Gruppo Campari has become the latest international wine and spirits firm to report a sales rebound in the first quarter of 2010.

S AFRICA: SABMiller to spend ZAR170m on World Cup

SABMiller has upped beer production and set aside ZAR170m (US$22.4m) to take advantage of the FIFA World Cup in South Africa next month.

UK: Health to boost soft drinks category for “Olympic” year

Health and ‘five-a-day’ awareness is expected to boost consumption in the UK soft drinks category going forward, according to Zenith International.

Sectors: Beer & cider, Soft drinks, Spirits, Water, Wine

Companies: Diageo, Carlsberg, Radico, Molson Coors, Dr Pepper, SABMiller, Gruppo Campari, Campari, Coca-Cola Co, Coca-Cola Enterprises

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