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Tsingtao tightens grip on central Shaanxi as AB InBev lurks

Chinese beer giant Tsingtao Brewery is set to further consolidate its leading market position in Shaanxi by significantly expanding capacity with two new breweries, while AB InBev is also rumoured...

Pernod Ricard will splash cash on global brands after €103m sale

Pernod Ricard has finalized the €103m sale of Danish akvavit brands Aalborg and Brøndums to Norway’s largest spirits producer Arcus-Gruppen following regulatory approval, and reaffirmed its focus on 14 international...

Heineken strongly denies whispers of APB unrest and ‘stifled creativity’

Heineken strongly denies to that the resignation of several high-profile managers from its recent $6.53bn acquisition Asia Pacific Breweries (APB) attests to unrest at the Singapore-based firm.

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Graphic Packaging, Onex and Ecolab seal takeovers

Graphic Packaging, Onex Corporation and Ecolab have all completed acquisitions to boost 2013 business.

Heineken, Carlsberg ratings will survive French beer tax: Moody’s Investment Service

Moody’s says it will not downgrade its ratings of Carlsberg and Heineken, despite the potential harm a massive French tax increase in January could pose to national beer sales.

Silgan revises earnings estimates as volumes hit

Silgan Holdings has revised its earnings estimates for the year due to lower volumes for metal food containers.

'Bad science' on soft drinks a fact of life: Coca-Cola Enterprises CEO

Coca-Cola Enterprises (CCE) CEO John Brock has taken a sideswipe at detractors of soft drink ingredients who he claims base negative comments on ‘bad science or no science’.

Mexican Cola bottler delves deeper into snacks with two acquisitions

Mexican Coca-Cola bottler Arca Continental (AC) has bought two snack companies as it seeks to deepen its hold in the ‘highly complementary’ snacks arena.

Coca-Cola FEMSA buys Coke’s Philippines bottling operation for $688.5m

Coca-Cola FEMSA has sealed a deal to acquire a majority stake in the Coca-Cola Company’s Philippines bottling operation in Mexico City, and hailed an import milestone in its history.


Suntory UK focus after $6bn IPO could see it snaffle Barr Britvic: Analyst

With rumors swirling that Japanese giant Suntory is considering a $6bn IPO next year, one analyst reasons that any desire to enter the UK market could see it target Barr...

News in brief

Suntory plans share sale to fund M&A drive?

Multinational Suntory Holdings plans to sell shares in its non-alcoholic drinks business to fund a mergers and acquisitions (M&A) drive, according to unnamed sources cited by Bloomberg.

Coca-Cola Amatil brews cider first as Swedish hit Rekorderlig joins 2014 portfolio

Coca-Cola Amatil (CCA) has signed a deal to distribute Swedish cider Rekorderlig in Australia from January 2014, and said its sales and distribution strength would help consolidate the brand’s market-leading...


Diageo terminates talks on 'future' of Jose Cuervo tequila brand

Diageo said today it had terminated discussion with Jose Cuervo relating to the future of the tequila brand, and that both parties will now work to ensure the orderly end...


Beam Inc. deal more likely after Diageo terminates Cuervo talks: City analyst

A City analyst tells that he believes recent talk of Diageo mounting a $10bn+ takeover of Beam Inc. is more likely now the UK plc. has ended talks with...


Carlsberg signals Chinese strategy shift and 'Top 3' ambition

For Chinese beer market followers, one of the most interesting developments over the last fortnight was Danish brewer Carlsberg’s announced strategy shift and expressed desire to acquire one of the...


Diageo unlikely to swoop for $10bn+ Beam Inc. in short term: City analyst

Diageo remains tight-lipped on reports it may make a $10bn+ swoop for Beam Inc. but one analyst tells he believes no imminent deal is likely, given the firm’s preoccupation...

News in brief

Analyst hails Scottish firm for setting A.G Barr high

One City analyst has hailed UK soft drinks firm A.G Barr for 'outpacing the market' with volume growth in the 18 weeks to December 1, but warned that the nation's...

News in brief

No Moody blues for Britvic CEO post ₤2.9m payoff?

Despite leading Britvic while it suffered the Fruit Shoot recall debacle that wiped 20% off full-year 2012 profits, CEO Paul Moody will receive a ₤2.9m ($3.78m) pension as he exits...

Coke makes first direct investment in US dairy brands

The Coca-Cola Company is partnering with US-based Select Milk Producers to invest in the Core Power high protein milk shake brand and create a complementary value-added nutritional dairy portfolio.

US cider market set to ‘explode’ – C&C Group

C&C Group says it expects the US cider market to explode, but aims to build a strong multi-beverage business group rather than just a ‘pure play’ cider business.

Guar gum buyers aren’t buying, sellers aren’t selling: Industry expert

Guar gum prices have dropped a long way from peaks of $20 to $25 a kilo – but there is now a standoff between buyers and sellers, according to hydrocolloids...

PepsiCo needs emerging market focus to repair margins: US investment firm

A US-based investment firm insists that PepsiCo needs to focus on its most profitable brands and emerging markets such as China to bolster margins and regain ground on Coke. 

Fruit Shoot litigation ‘claims’ could cost Britvic further ₤8m in 2013

Britvic finance director John Gibney told City analysts this morning that losses of ₤16.9m due to this year’s Fruit Shoot recall could extend to ₤25m in 2013 due to associated...


Exports and overseas growth drive Volac profits

Dairy nutrition firm Volac has reported an operating profit increase of nearly 40% for the year ending February 2012, citing the impact of increased exports and improved profits from overseas operations.

Foster’s Group was ‘undermanaged’ for number of years – SAB Miller CFO

SAB Miller CFO Jamie Wilson admits that the firm has suffered volume declines with Foster’s Group in Australia and is not regaining share, but claims that the takeover was never...

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