just the Round-Up - The week in drinks

By | 5 November 2010

The week in drinks

The week in drinks

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

Diageo has strengthened the presence of Guinness on the UK rugby union scene by signing sponsorship deals with the national rugby bodies for England, Wales and Scotland.

Belvédère has said that it will sell the industrial assets of Florida Distillers to an unidentified buyer for US$48m in order to meet debt repayments.

Tough conditions on the UK wine market will cut profits across the global wine sector as emerging countries such as China remain too far behind to pick up the slack, a report by Rabobank has warned.

Radico Khaitan is in talks with international drinks companies with a view to importing and distributing new brands in the firm's native India.

Molson Coors' interest in acquiring the beer operations of Foster's Group appears to have weakened after the Canadian brewer said it would relinquish its stake in the Australian firm.

Anheuser-Busch InBev has said that it expects stronger profits momentum in the final months of 2010 after the brewer beat most analysts' expectations in its third quarter.

Diageo has released updated packaging for its single malt variants in the Bushmills Irish whiskey stable.

The UK Government is seeking to penalise the bottom end of the cider market by establishing a minimum juice level for products, in a move that has been welcomed by industry leaders.

Brewers in Russia are seeking to derail a legislative proposal that seeks to further limit beer sales in the country.

Scotch whisky exports rose by 17% in value in the first half of 2010, led by rebounding consumer demand in key markets.

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

Companies: Diageo, Guinness, Radico, Coors, InBev, Foster’s

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