Breaking News on Beverage Technology & Markets

‘Shui Jing Fang appears to be broken, from the outside’: Analyst tells Diageo boss

Sales of Diageo’s super premium baijiu brand Shui Jing Fang fell 79% in 2014, but CEO Ivan Menezes insists the firm can rebuild an ‘attractive business’ by slashing prices and...

'A MIXED YEAR AND A TOUGHER ONE THAN WE ANTICIPATED AT THE START': CFO DEIRDRE MAHLAN

Diageo’s top line takes a hammering: 2014 results show Chinese dragon bites

Diageo said today that foreign exchange movements ‘severely impacted’ its 2014 top line while Chinese anti-extravagance measures also hit hard – our slideshow dissects the Johnnie Walker distiller's performance.

Diageo appoints Facebook exec to bolster digital marketing skillset

Diageo today announced leadership changes that CEO Ivan Menezes says will continue its shift away from regions towards greater market accountability, and also appointed a senior Facebook executive to bolster...

Australia

Nothing bitter about craft beer’s rising popularity

The remarkable rise in popularity of craft beer in Australia might be driving mainstream brewery executives to the bottle, but for Glenn Cary, chief executive of the independent Balmain Brewing...

'Sin taxes' on unhealthy foods will work, says EU report

Taxes imposed on sugary, salty or fatty foods do lead to reductions in consumption, says the European Commission in a new report. But higher taxes could also encourage consumers to...

Comax Flavors agrees US local flavors trend 'challenges' big brands

Comax Flavors agrees that the trend in the US towards greater flavour differentiation and localization is challenging for big beverage brands as it launches a range targeting Hispanic, Asian and...

‘When you overdo it it’s an arms race!’ IRI Consulting warns of US food and beverage promo fever

IRI Consulting warns that US food and beverage manufacturers risk a significant impact on their profitability when they get sucked into unduly aggressive promotional cycles.

RGHL confirms 'approach' to buy SIG Combibloc: $5bn price tag rumored

Reynolds Group says it will perform a strategic review of the world’s second-largest carton producer SIG Combibloc after an approach by an unnamed suitor looking to buy the business.

China and Co. driving New Zealand food and beverage exports

Consumer demand from East and Southeast Asia for high value foods and beverages is driving export growth and diversification for New Zealand’s food and beverage industry, a new government report...

News in brief

Struggling Chinese baijiu sales weigh on Diageo?

Diageo reportedly plans to write down the value of its stake in China baijiu brand Shui Jing Fang, as the government's anti-extravagance drive hits sales.

Krones will slash Italian jobs to ensure site’s ‘long-term future’

Krones said today that it will scrap packaging and palletising operations at its subsidiary Kosme, which specializes in smaller-sized filling and labelling machines for small bottlers and SMEs.

China

Premium brands will lead as China’s beer economy leapfrogs that of US

Now double the size of its American counterpart, China's beer market is an exciting place to be for international brewers in spite of protectionist controls put in place by its...

BEVERAGEDAILY BASEMENT TAPES: TYLER BALLIET, SECOND GLASS

'People don't throw chairs and break windows': Second Glass boss on starting US Wine Riots

Dubbed the 'Prince of Boston's Wine Revolution' by Stuff magazine, Second Glass founder Tyler Balliet tells us how to start a wine riot and his excitement about speaking at Wine...

Diageo's Captain Morgan rum rapped for implying alcohol can overcome boredom

Diageo rum brand Captain Morgan has again been censured by UK advertising regulator the ASA – this time for implying that alcohol can overcome boredom and is capable of changing mood.

Strong Scottish food & drink brands will install referendum confidence, says Scot food minister

Retail sales of Scottish food and drink brands in the UK rose by £513m from 2007 – figures the Scottish government says will deliver clout in the upcoming independence referendum.

News in brief

Cognex has a high-speed camera vision

Cognex has launched a compact smart-camera vision system that it says will allow food and beverage manufacturers to inspect products at a rate of up to 400 products per second.

Vitamin enriched Coca-Cola anyone? Soda giant patents ‘vitamin-rich fermentates’

The Coca-Cola Company has patented what it says is a new method allowing it to naturally fortify beverages including colas with high vitamin levels using a single micro-organism.

FOCUS ON: FERMENTED FUNCTIONAL DRINKS

The Kvass of 2014? ‘Next generation’ fermented functional drinks show promise

Brands are increasingly using modern bio-technology to develop ‘next generation’ fermented functional beverages, researchers say, but they warn that many drinks still face challenges prior to possible commercialization.

‘Confusion and fear’ underpin beverage naturalness trend: Mintel

Confusion and fear of the unknown continue to drive interest in simplified product labels and natural ingredients, Mintel says.

Lighter rum: Bacardi cuts its packaging weight by 90%

The spirits brand is raising a toast to sustainability with lighter packing and recyclable bottles.

New Zealand

Kiwi scientist finds way to counter mealybug threat

The New Zealand wine industry is now better equipped to battle a devastating plant pathogen thanks to new research carried out in the country.

Steve Hills, European contract manufacturing director, reveals ambitious six-year plan

‘Agile capital-light innovation’: PepsiCo Europe targets 600% growth in contract manufacturing

PepsiCo Europe says it plans to grow the size of its contract manufacturing business six-fold in as many years to accelerate food and beverage innovation and boost productivity.

Heineken USA boss: ‘We like to call the US the Silicon Valley of beer’

Heineken USA boss Dolf van den Brink says the brewer splits consumers into those who ‘live thoughtfully’ and ‘live legendary’ to understand beer-buying habits in an especially innovative market.

INDUSTRY VOICES: ADOMAS PRANEVICIUS, MYDRINK BEVERAGES/DRINKPRENEUR

Bottling that blockbuster beverage: How to choose the right contract manufacturer

Adomas Pranevicius, general manager of MyDrink Beverages tells BeverageDaily.com readers how to choose the right contract manufacturer for their product – and why it's vital to assess everything from capabilities...

Australia

Japan trade agreement could spur beleaguered Australian wine exports

The recent signing of a trade agreement between Japan and Australia will give wine exports to the Far East a “step-up”, according to the Winemakers’ Federation of Australia (WFA). 

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