The first five months of the current fiscal year have been good for
the world's second largest brewer, SABMiller, despite the
devaluation of currencies in South Africa.
Growing demand for Guinness Stout on export markets has prompted
Guinness UDV to invest €38m in expanding production of the brand's
secret ingredient at its Waterford brewery.
Further proposals by the European Parliament to increase the level
of packaging recycling have, naturally, bought about mixed
reactions from the food and beverage manufacturers.
FoodProductionDaily.com spoke to Kate Snowden, from...
The sale of the cider unit CSR - announced last week by Pernod
Ricard - will see the disposal of the last remaining non-core
business, allowing the French group to finally devote all its
efforts to building its wine and spirits empire.
Good weather in California throughout the summer has led to another
bumper year for the state's wine grape producers. The UK's Allied
Domecq is predicting that this year's wines will be of excellent
quality to boot.
Angostura, the company famous for its bitter cocktail ingredient,
is expected to make a takeover bid for Scotch whisky maker Burn
Stewart within the next few weeks.
The sale of Novartis's health food and drink brands could finally
be completed soon, with trade buyers apparently lined up for
Isostar and Ovaltine, and Nestle thought to be interested in the
health food brands.
Belgian speciality beer maker Duvel Moortgat shrugged off declining
volumes in France and the Netherlands to post a 9 per cent rise in
first half turnover, helped by strong performances in the UK and
US.
Al Ahram Beverage Company (ABC) is to become the latest addition to
the Heineken portfolio, a deal which might go some way towards
appeasing analysts who were hoping for more news of growth as the
company announced its first half...
The floods in the south of France will mean a significant reduction
in the level of wine produced there this year, with as many as
30,000 hectares of vineyards damaged in the Gard alone.
United Glass has confirmed that it is making a €1.9 million
investment in what will be the first phase of a major upgrade of
its glass recycling and processing plant at Alloa, Scotland.
Luxury goods group LVMH showed a steady improvement in operating
profits in the first half, helped by good performances from
Champagne and Cognac in difficult market conditions.
