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Swedish court victory fails to shift drink tax concerns, says V&S

Last week's ruling in favour of Sweden's alcohol taxation policy by the European Court of Justice, will fail to address key industry concerns over excise rates, according to a leading...

News briefs: Heineken goes Swiss; SABMiller

This week, Heineken prepares to expand within the Swiss beer market, and SABMiller and Molson Coors begin to finalise integrations plan for their US joint venture.

News briefs: challenges and changes ahead for UK brewers

This week, Scottish & Newcastle finalised the £10bn sale of its operations to a consortium consisting of rivals Carlsberg and Heineken, and Inbev could be set to reduce staff at...

Absolut buy to aid Pernod Ricard's spirit domination

Pernod Ricard claims it has further consolidated its grip on the global wine and spirits market after winning the battle to purchase Sweden-based Vin & Sprit (V&S), manufacturer of Absolut...

News briefs: Red Bull, Diageo and easy-carry vodka

This week, Red Bull launches a new natural cola brand as a first step away from energy drink production, Diageo receives a setback in its vodka expansion plans and a...

Soft drink and beer giants head east in Euro focus

While they may produce very different types of beverages, multinational manufacturers Heineken and PepsiCo have both committed to further expansion within the high growth markets of Central and Eastern Europe.

Nestle chief warns biofuels threaten food supplies

Nestle SA chief executive Peter Braback condemns proposals for increasing biofuel production as morally unacceptable, warning they will have devastating effects on food supplies.

Pepsi venture moves for Siberian soft drinks maker

PepsiCo says that its hopes to jump-start its manufacturing presence in the high growth soft drink markets of Eastern Europe and Siberia with the acquisition of local group Sobol.

Heineken and Diageo extend Africa team-up plans

Diageo and Heineken are to expand their cooperation within the South African market to tap into growing demand for premium beers, ciders and ready-to-drink (RTD) beverages.

Packaging firms face future financial squeeze

A new report warns that the future remains challenging for European packaging firms, as rising input and transportation costs will continue to weigh down on the industry.

Heineken bites into Transylvanian beer market

Heineken says it hopes to consolidate its position within the high growth Romanian beer and mineral water market by acquiring Transylvania-based brewer Bere Mures for an as yet undisclosed fee.

News briefs: Diageo, PepsiCo and Cott

This week, Diageo's Korean operations receive a boost, PepsiCo may look to improve ingredient sourcing for its Indian operations, and Cott hopes to maintain shelf space at Wal-Mart's US stores.

France suspects industry of fiddling food prices

French prime minister Francois Fillon has pledged to weed out food companies that are using current high commodity prices as an excuse to boost their own margins, even if they...

Profits up for S&N buyers; deal timeline set

The acquisition of Scottish & Newcastle (S&N) by rivals Heineken and Carlsberg is expected during the second fiscal quarter 2008, it has been revealed, as all three parties this week...

Cadbury scraps shareholder payout after profit drop

Cadbury today said the demerger of its beverage arm will no longer result in any capital return to its shareholders, as the company reported profit losses for the tax year 2007.

SABMiller to stick with Russian expansion plan

SABMiller has reiterated its ambitions to expand into the burgeoning Russian beer market, though says it will not stray from its current strategy of driving organic growth in the market.

Premium push lifts Foster's half-year profits

Australia-based Foster's posted half-year sales growth of 3.2 per cent in organic terms to AUS$2.3bn (€1.4bn) as growing demand for its premium brands partially offset a slowdown in its US...

Coca-Cola profits from still and carbonated boost

Coca-Cola posted a 20 per cent improvement in operating revenues, amounting to $28.8bn during the full fiscal year as the company harnessed its international presence to drive growth in both...

Briefs: Diageo, Grolsch and Folgers Coffee

This week, Diageo posts half-year profit improvements thanks to Guinness and spirits, Grolsch continues to struggle with the UK premium lager market, and P&G reportedly hikes prices for its coffee...

S&N announces UK plant closure

Brewer Scottish & Newcastle (S&N) expects to close its Berkshire Brewery in England by 2010, in a bid to organise its production capabilities within the UK market to drive cost...

Coca-Cola takes Honest approach with innovation drive

Coca-Cola will acquire a 40 per cent stake in US-based organic beverage group Honest Tea, as part of an ongoing drive to focus on non-carbonated alternatives for its brands.

Diageo rules out Absolut move after Ketel deal

Diageo will not move for V&S' Absolut brand, after announcing this week that it will buy into a joint venture with a Netherlands-based premium vodka maker instead.

Pernod Ricard divests for key-brand drive

Spirit group Pernod Ricard is to sell off 14 sherry and brandy labels, excluding its Domecq brand, as it continues to focus on strong growth in the premium liquors segment.

Folgers to go solo in P&G profit shake up

Procter and Gamble (P&G) has announced that it will look to operate its folgers coffee operations as an independent business in a bid to improve the value of the brand,...

Pepsi Bottling Group captures full year sales growth

Full year sales were up seven per cent for the Pepsi Bottling Group (PBG) to $13.5bn, with the company expecting further growth ahead in 2008.