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Molson Coors shies away from major M&A in short term

Molson Coors does not contemplate making any major acquisitions in the short term but says it may examine small portfolio ‘in fills’ if the right transactions present themselves.

‘Terrific' Russia position boosts PepsiCo beverage business: Indra Nooyi

PepsiCo CEO Indra Nooyi says the firm has a ‘terrific position’ as the top food and beverage business in Russia, where 10% organic revenue growth in 2013 helped offset weaknesses...

CEO LARRY YOUNG WARNS ATTACKS ON CARBONATES WILL CONTINUE

Dr Pepper Snapple risks ‘big swing’ on critical TEN calorie platform

Dr Pepper Snapple CEO Larry Young warns that US health lobby attacks on carbonates will persist, as his firm gears up to spend millions marketing new 2013 launches on its...

CONSTELLATION BRANDS APPEARS CLEAR WINNER UNDER REVISED DEAL TERMS

AB InBev agrees $2.9bn asset sale to shake off Feds over Modelo deal

Anheuser-Busch InBev (AB InBev) has agreed to sell a massive Grupo Modelo brewery to Constellation Brands as part of a $2.9bn transaction, to defuse a US legal fight over its...

PepsiCo CEO promises ‘disruptive’ innovation: Novel natural sweeteners, flavorings, could ‘alter the trajectory of our cola business’

PepsiCo says it is exploring novel natural sweeteners and flavorings that will bring “disruptive innovation” to the cola market.

Gatorade G Series Fit failed because it offered 'entry level products to advanced users at high prices’, says Euromonitor

Growth in the US sports nutrition market has been pretty explosive in recent years, but the failure of high profile launches such as PepsiCo’s Gatorade G Series Fit range shows...

Nestlé reports slower growth, expects challenging year ahead

Nestlé’s share price fell 2.3% on Thursday as the company announced its slowest growth in three years, with developing markets hit by natural disasters and continued market weakness in Europe...

News in brief

They've been Tangoed: OFT refers Barr Britvic merger to Competition Commission

Uncertainties over the $2.2bn merger of AG Barr and Britvic remain, as the Office of Fair Trading (OFT) yesterday referred the deal to the UK Competition Commission, citing concerns over...

dutch brewer will not 'change course' in china

Heineken hints at appetite for non-core European disposals in FY 2012 results call

Heineken said today it is reviewing its non-core European businesses that don’t focus fully on beer, and asking whether its ownership of such assets makes strategic sense.

Coke unfazed by recent Chinese sales slump, stretches sparkling lead over PepsiCo

The Coca-Cola Company insists it remains confident in the long-term resilience of its Chinese business, despite a 4% slump in volume sales during the last quarter of 2012.

Diageo spirits ABC is advantage over SAB Miller: Analyst suggests

Diageo is in an arguably stronger market position than multinational peer SAB Miller due to its core exposure to spirits rather than beer, according to one City analyst who covers...

COCA-COLA ENTERPRISES NOTES 'INTERESTING' GSK LUCOZADE, RIBENA REVIEW

Vanilla Coke back in Britain after six-year absence

Coca-Cola Enterprises CEO John Brock says that GSK’s decision to start a strategic review of Ribena and Lucozade is an ‘interesting development’, while the firm plans to relaunch Vanilla Coke...

News in brief

GSK not A-OK with Ribena, Lucozade? Strategic review begins…

GlaxoSmithKline (GSK) has launched a strategic review of its Lucozade and Ribena brands, hinting that the western-facing brands do not fit its increased focus on emerging markets such as China...

Heineken silent on Finnish sale tattle but confirms JP Morgan strategic review link

Heineken has confirmed to BeverageDaily.com that it is working with JP Morgan as it begins a strategic review of its Finnish business, and PepsiCo licensee, Hartwall but refused to comment...

Comment

Don’t take yer guns to town AB InBev, the Sheriff he’s a-waitin’…

With the US Department of Justice (DOJ) gunning to takedown AB InBev’s $20bn takeover of Grupo Modelo, the firm likely prefers peace talks in the Sheriff’s office to a High Noon-style...

Carlsberg re-enters Burma clutching plans for new 1m hectoliter brewery

Carlsberg today formed a JV with a Burmese brewer to produce and market its brand portfolio, and told BeverageDaily.com the nation offered 'huge growth potential' in an under-penetrated beer category....

‘See you in court’ AB InBev hawks fly back at US Justice Feds

Anheuser-Busch InBev (AB InBev) will fight a US Justice Department (DOJ) lawsuit to halt its $20bn Grupo Modelo takeover, but concedes it will not complete the deal on schedule by...

diageo h1 2013 results

Diageo CEO bowled Cuervo ball, but hints at 'exciting' 2013 tequila entry

Diageo CEO Paul Walsh says he was ‘somewhat disappointed’ by the breakdown of talks to acquire the Jose Cuervo tequila brand, but hints his firm may make an ‘organic entry’...

Diageo faces struggle to make United Spirits pay: Analyst

The potential upsides in Diageo’s potential acquisition of a majority stake in India's United Spirits (USL) are clear but achieving acceptable profitability from the business may be tricky, according to...

News in brief

Diageo raises sorghum beer stakes with $36m investment

Diageo has agreed to a form a 50:50 joint venture with DR Mallya to take over United National Breweries' traditional sorghum beer business in South Africa, with the UK company...

Danone juice JV with Chiquita dogged by ‘mismanagement’: Industry source

With rumors emerging that Danone is selling its 51% stake in its fruit juice JV with Chuiquita Brands International, one industry source told BeverageDaily.com that the French firm was likely...

‘Cold, wet winter’ subdues SAB Miller Chinese volumes

SAB Miller is blaming ‘exceptionally cold and wet winter weather’ for a third quarter volume decline in China, which meant lager volumes declined in its Asia Pacific business by 1% overall.

‘Warning’ strikes start, Coca-Cola Germany confirms 450 possible job losses

Coca-Cola Deutschland has confirmed to BeverageDaily.com that up to 450 jobs could be lost in Germany this year, as it faces a ‘warning’ wave of union strikes this week over...

Monster Beverage Corporation: Alarmist DAWN report is highly misleading

Monster Beverage Corporation has blasted a recent government report on drug-related ER visits that describes energy drinks as 'dangerous', as “highly misleading”.

News in brief

SABMiller announces $86m sale of Panama juice and milk business

SABMiller announced today that its Panama subsidiary Cerveceria Nacional has agreed the sale of its milk and juice business to La Co-Operative de Productores de Leche Dos Pinos for US...

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