just the Round-Up - The week in drinks

By | 15 November 2013

The week in drinks

The week in drinks

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

PepsiCo has said it has “only scratched the surface” of India's potential as it prepares to invest INR330bn (US$5.5bn) in the country by 2020.

Heineken has apologised to a church and escaped sanction from the advertising authorities after admitting it used an erroneous picture of a Methodist clergyman in an ad for its Bulmers cider brand. 

Carlsberg has appointed a former Heinz and Coca-Cola Co executive to head up its Asia unit after the previous incumbent quit earlier this year. 

Russian Standard has told just-drinks it has “stabilised” its recent acquisition Central European Distribution Corporation and will not cut jobs at the Zubrówka vodka maker for the foreseeable future.

Pernod Ricard's US arm has appointed a new head of wine and champagnes as part of a wider personnel shake-up. 

Stock Spirits Group's CEO has said his firm's new alliance withDiageo is “complementary” and won't see the two companies' brands competing against each other.

Gruppo Campari has slowed the fall in profits in its year-to-date, helped by a strong Q3, and expects its final quarter performance to “stabilise” the business.

SABMiller has re-instated John Manser as its acting chairman after reporting that Graham Mackay has experienced a "sudden worsening" in his health.

Willamette Valley Vineyards has posted a jump in year-to-date profits as increased sales bolstered its bottom line.

The UK unit of online retailer Virgin Wines has been acquired by its management team from Direct Wines for around GBP14m (US$22.4m). 

Sectors: Beer & cider, Emerging markets – BRIC, Soft drinks, Spirits, Wine

Companies: Diageo, SABMiller, Pernod Ricard, Heineken, Carlsberg, Gruppo Campari, Campari, Ricard, PepsiCo, Coca-Cola Co, Central European Distribution Corporation, Russian Standard

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