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Breaking News on Beverage Technology & Markets

News > Manufacturers

News in brief

‘Fancy a cuppa Lipton?’ Unilever refreshed by tea time

One City analyst is encouraged by Unilever’s ability to improve margins in its less profitable refreshment business despite poor US weather with ‘signs of encouraging growth in tea’ globally.

SPIRITS GIANT ANNOUNCES 'NEW STRATEGIC DIRECTION'

Suntory cans Magners cider in Australia after brand sales slump

Suntory Australia is taking a ‘new strategic direction’ by focusing on its premium spirits and liqueurs brands and exiting a distribution deal with C&C Group for Magners cider, as the...

Mondelez buy could fizz Pepsi's flat soda sales, says investor

PepsiCo should acquire Mondelez and split its beverage and snacks businesses, according to an investor with a large stake in both firms.

SAB Miller JV MD wants 30%+ market share in China

The head of SAB Miller’s JV in China says the firm should be gunning for a 30%+ beer market share as it seeks to consolidate its position as market leader,...

Coke CEO ‘not happy’ with weak Q2 2013 performance

The Coca-Cola Company CEO Muhtar Kent says the company is not happy with its Q2 performance and blamed lower volume sales on global economic weaknesses and unusually poor weather.

Analyst fears for long-term health of PepsiCo beverages business

A top financial analyst is skeptical about the long-term viability of PepsiCo’s new ‘hybrid everyday value’ US pricing structure given Coke’s apparent bid to ‘aggressively out-promote’ the strategy.

‘You can’t get the US wine business right. Sell it!’ Analyst tells Treasury Wine Estates CEO

Treasury Wine Estates said yesterday it will spend $147m destroying wine destined for the growing US market after admitting ‘over ambitious’ sales forecasting for fiscal year 2014.

LARS JENSEN, CFO, ROYAL UNIBREW

INDUSTRY VOICES: Royal Unibrew CFO hails ‘transformational’ $612m Hartwall takeover

As Royal-Unibrew inked a deal with Heineken last Thursday to buy Finnish drinks firm Hartwall for $470m (€612m), the Danish firm’s CFO Lars Jensen discusses the rationale for a ‘transformational’...

BREAKING NEWS

Could AG Barr spring shock bid for GSK brands Ribena and Lucozade?

Reports suggest UK soft drinks firm AG Barr could mount a £1bn+ bid for GlaxoSmithKline (GSK) brands Lucozade and Ribena, with support from private equity.

BREAKING NEWS

'Missed Opportunity'? Britvic rejects new AG Barr merger offer

Britvic's decision to reject a revised merger offer by AG Barr is a 'missed opportunity' according to one City analyst, who nonetheless describes the move as an opportunistic gambit by...

Maple water: The new coconut water?

Coconut water has a new competitor. Maple water, a beverage consisting of the raw sap from sugar maple trees, has made its Canadian market debut in Quebec and British Columbia,...

Heineken agrees $612m sale of Finnish business Hartwall

Heineken has agreed to sell its Finnish 'multi-beverage' business Hartwall to Danish Royal Unibrew for €470m and the two brewers will extend a licensing agreement allowing the latter to brew...

Biothera puts Wellmune immunity ingredient into straws meant for milk

Biothera has placed its Wellmune WGP immune health ingredient into another market with the release of Unistraw Tubulars Immunity Straws. The straws are meant for use with milk and feature a...

Spadel acquires Nestlé Waters France Carola water

Spadel Group has signed an agreement with mineral water company Eaux Minérales de Ribeauvillé (EMR), owner of the Carola mineral water brand.

Nestlé's massive new $238m Vietnam coffee factory meets local demand

Nestlé says its newly opened $238m soluble coffee factory in Vietnam will meet growing demand in the region, and will allow it to better adapt products to local preferences.

Nestlé looking to double liquid beverage capacity through new KL plant

Nestlé Malaysia has broken ground on a new plant on the outskirts of Kuala Lumpur that it expects will double its local ready-to-drink production capacity by the time it opens...

Big interview: Kevin Klock, CEO Talking Rain (Sparkling ICE)

Talking Rain CEO: We can turn Sparkling ICE into a $1bn brand by 2018

Want to know what success looks like? Check out Sparkling ICE. In early 2010 it was generating $10m a year. This year, it’s on course to generate $350-400m and CEO...

Australia a spirit-based ‘RTD island’ in itself: Gruppo Campari

Gruppo Campari tells BeverageDaily.com that Australia is an historical heartland for spirit-based RTDs as it targets Asia Pacific growth by buying its first dedicated production facilities in the country.

Constellation Brands launches Bloody Mary-style beer in US

Constellation Brands says it is introducing a Bloody Mary-style beer in the US as it seeks to exploit a ‘pretty large category’ currently dominated by one player.

Molson Coors workers could strike as pay deal breaks down

Molson Coors UK workers at the UK’s biggest brewery producing Carling, Grolsch and Coors Light could take strike action after they narrowly rejected a new company pay offer.

Suntory could build UK ‘bridgehead’ with GSK brands Ribena and Lucozade

GlaxoSmithKline’s (GSK’s) brands Lucozade and Ribena are tempting targets for Far Eastern trade players such as Suntory Holdings that wish to establish a bridgehead in the UK, says an M&A...

Provexis seeks to demerge Science in Sport and Fruitflow

UK firm Provexis has filed to demerge the Science in Sport (SiS) consumer sports brand it purchased for €10m in June 2011 from its Fruitflow tomato-based ingredients business, as it...

‘Right zone, right positioning': Super premium success The Macallan

Edrington’s premium malt whisky The Macallan outstripped category growth by over 100%, in the past five years driven by strong sales in the US and the Asia, the company tells...

DIAGEO 'PLEASED' WITH US COURT DECISION

Major Brands CEO anticipates ‘significant’ damages from Diageo

Major Brands is claiming victory after a legal judgement allowed Diageo to break a distribution agreement in Missouri but raises the possibility of the spirits giant paying significant damages.

‘Prison wine’ from Italy will be locked behind US bars

Seven hundred year-old wine producer Marchesi de Frescobaldo has ‘released’ the first vintage of a wine made by prisoners on the Italian prison island of Gorgona, as authorities claimed such...

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