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Pernod seals Allied Domecq bid deal

Allied Domecq has advised shareholders to accept a bid for the company by Pernod-Ricard worth £7.4 billion, as the latter prepares to shed brands to form the world's largest wine...

Coke reports profit drop amid shareholder unrest

Coca-Cola reported an 11 per cent drop in first-quarter profit, and experienced growing shareholder unrest at its annual meeting yesterday.

Pernod plotting quick Allied Domecq offer

Pernod Ricard and Fortune Brands may be planning a formal takeover bid for the world's second biggest spirits firm, Allied Domecq, as soon as Thursday, according to a report in...

Brewers pounce on China's market liberation

Global brewing giants SABMiller and Anheuser Busch have increased their stakes in Chinese brewers by taking advantage of China's crawl towards a more liberal market, reports Chris Mercer.

European food industry: the facts and figures

Knocked by an economic slowdown and the strength of the Euro against the US dollar, growth in turnover for the European food and drink industry rose by a 1.9 per...

EU split scuppers new wine tax

The EU's main wine-producing countries, led by France and Italy, this week torpedoed discussions to raise the minimum excise duty on all alcoholic drinks, fearing a domestic backlash from vintners,...

Coca-Cola eyes fresh Fifa deal

Iconic soft drinks firm Coca-Cola has confirmed it is in talks with world football association Fifa to secure a new long-term sponsorship deal as the firm lays the foundations for...

Raw material costs hit PBG quarterly profits

Rising raw material price rises have contributed to a significant dip in first quarter profits for the Pepsi Bottling Group.

Tesco, Asda price cuts pressure producers

A fresh round of price cuts from the two biggest UK food retailers increases the pressure on suppliers' margins and intensifies competition between own-label and branded producers, forcing them to...

Fonterra exits National Foods bid, San Miguel triumphs

New Zealand dairy co-operative Fonterra announced today that it has pulled out of the three month bidding war to buy National Foods, crowning San Miguel the new owner of Australia's...

Flavour sales fall for Givaudan in Q1

Givaudan, the world's number one fragrance and flavour player, saw sales in its flavour division slipping by 6.5 per cent for the first quarter, impacted by a loss of products...

Coke buys up Bulgarian mineral water company

Coca-Cola Hellenic Bottling has acquired a 100 per cent stake of Bankia, one of the leading Bulgarian natural mineral water companies, in a move that further expands the company's presence...

Pernod and Fortune in talks to buy Allied Domecq

Allied Domecq, the world's second biggest spirits company, has confirmed that it is in talks with Pernod Ricard and Fortune Brands over its possible sale, a move that emphasizes the...

Taiwanese group aims for juice dominance

Uni-President Enterprises, Taiwan's biggest food company, has taken a 5 per cent stake in China's largest fruit juice producer, a clear sign that the mainland holds considerable attraction for the...

Bravo sees success from female-friendly drinks

Bravo Premium, the Russian drinks group, is celebrating the success of its Milano brand, which it claims is the first pre-mixed alcoholic drink on the Russian market to be created...

Pernod profits boosted by 'premiumisation'

A shift towards higher sales of premium products has helped France's leading drinks group Pernod Ricard to post a 5.1 per cent increase in net profits for 2004, shrugging off...

Graham Packaging buys Tetra Pak HDPE plants

US-based Graham Packaging is to acquire four Tetra Pak plants that make HDPE (high-density polyethylene) plastic bottles for nutritional beverages and value-added dairy beverages supplying markets in Belgium, Brazil, Turkey,...

Southcorp proposes Foster's wine merger

Southcorp, the Australian winery being stalked by compatriot Foster's, has made a bold suggestion to its would-be acquirer - a merger with the Mildara Blass wine division which would create...

Hard sell needed for soft drinks

Coca-Cola says it needs to take a more aggressive stance to marketing its brands as a new report shows that the US carbonated drinks market continues to struggle.

SIG divests to concentrate on core business

SIG is selling the Italian companies SIG Simonazzi (beverage filling equipment) andSIG Alfa (labelling machines) to the Tetra Laval Group.

Kofola opts for PET bottles

Leading East European drinks manufacturer Kofola has selected PET preforms from Amcor PET Packaging for two of its juice and mineral water brands, a move designed to bring the same...

InBev shows strong growth as premium focus pays off

InBev is already beginning to see the benefits of last year's merger of Belgian brewer Interbrew and Brazil's AmBev, with volume sales in 2004 growing at more than twice the...

'Muslim' cola brand heads for Indonesia

Mecca Cola, the soft drink producer which gives a portion of its profits to support the Palestinian cause, has grown rapidly over the last few years, building on anti-US sentiment...

Coke mulling Multon takeover

Coca-Cola, whose sugary soft drinks have left it open to accusations of contributing to the global obesity epidemic, has made little secret of its desire to move into product sectors...

WBD merges beverage businesses to cut costs

Russia's leading dairy and juice producer Wimm-Bill-Dann has announced it will merge its juice and water businesses as part of a restructuring plan devised to stop rising transport and raw...