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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...

BREAKING NEWS

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...

ANALYST INSIGHT

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

A City analyst tells BeverageDaily.com 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...

INDUSTRY VOICES: HEAD OF AKTIEFOKUS CHINA, JACOB DE LICHTENBERG

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...

ANALYST INSIGHT

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 BeverageDaily.com 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...

NEWS IN BRIEF

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...

UK food park continues development

The UK's Southglade food park is expanding further thanks to a fresh injection of cash from a local council, despite the current challenging economic environment.

LIVE FROM THE SHOW FLOOR: BRAU BEVIALE 2012

GEA TDS technology promises ‘drastic’ beverage deaeration savings

GEA TDS tells BeverageDaily.com that its new beverage deaeration technology for beverages and milks can help manufacturers achieve ‘drastic savings’ in terms of steam, water, energy and thus money.

Russia driving European beverage can growth - Rexam

Russia has returned to beverage can growth in Q3 after legislation relating to kiosk beer sales returned certainty to the consumer, according to Rexam.

Pepsi blesses Barr Britvic Soft Drinks birth

AG Barr and Britvic insist on the ‘compelling commercial and industrial logic’ of an all-share merger to create one of the top soft drinks companies in Europe with a turnover...

Reynolds results positive but reflect weak Europe

Reynolds Group has reported a total group revenue and gross profit rise, but said weak European demand affected all of its business segments.

Diageo snaps up majority stake in United Spirits for $2bn

Diageo has reached a £1.28bn ($2.04bn) deal for a 53.4% controlling stake in Indian-based United Spirits group, a decade after exiting the country’s market.

'Great disappointment' for Krones as fraud case settlement hammers bottom line

Krones USA has paid $125m to settle a legal dispute ongoing in the US since late 2008, linked to damages claims from third parties who alleged that the company was...

Carlsberg rivals face Russian organizational 'challenges', CEO suggests

Carlsberg CEO Jørgen Buhl Rasmussen has suggested that rival SAB Miller and new strategic partner Anadolu Efes may be facing challenges in Russia as they combine their businesses, as his...

AptarGroup to close two sites in European shake-up

AptarGroup is to restructure 12 facilities in Europe, including the closure of two sites, in a bid to boost future growth in the region.

Budweiser US brand health grows but market share falls: AB InBev CEO ‘not happy’

Anheuser-Busch InBev CEO Carlos Brito says his firm is ‘not happy’ with continued US market share losses for Budweiser, and expressed slight disappointment given rising brand health scores.

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