This week, news reports suggest that the Coca-Cola's new chief
executive may look to spend on his arrival, while production of one
of the UK's leading beer brands could be returning home.
This week, Coca-Cola and SABMiller expect further profit ahead
after recording sales improvements, while Cadbury Schweppes moves
nearer to its beverage-arm demerger.
Coca-Cola has today finalised details of its ready-to-drink (RTD)
coffee joint venture with Italy-based Illycaffè in a bid to further
diversify its non-carbonated portfolio of brands.
Coca-Cola posted a 20 per cent improvement in operating revenues,
amounting to $28.8bn during the full fiscal year as the company
harnessed its international presence to drive growth in both its
carbonated and non-carbonated brands.
Coca-Cola will acquire a 40 per cent stake in US-based organic
beverage group Honest Tea, as part of an ongoing drive to focus on
non-carbonated alternatives for its brands.
The Coca-Cola Hellenic Bottling Company (CCH) has announced plans
to cut its annual carbon dioxide emissions by about 20 per cent by
the end of next year, with a new production strategy.
The board of brewer Scottish & Newcastle has today rejected yet
another attempt by Carlsberg and Heineken to jointly acquire its
operations with an improved 780 pence per share bid, though it may
yet be forced to sell.
This week, Heineken goes shopping in Belarus; Coca-Cola remains
tip-lipped on Honest Beverages deal; and a US energy drink brand
steps up its distribution in the country.
In this week's briefs, Coca-Cola Enterprises lifts sale
expectations for the year ahead, the Absolut vodka brand will go
the highest bidder at an upcoming auction, and Pepsi consolidates
its bottling presence in the US.
Carlsberg and Heineken will stand by a rejected joint-offer made
last month for British-based rival Scottish and Newcastle
(S&N), despite recent research suggesting that an improved bid
would likely be accepted by shareholders.
Up to 20 per cent of Scottish & Newcastle's (S&N)
shareholders may be ready to support Carlberg and Heinekin's bid to
buy the UK-based brewer, according to an independent survey.
Coca-Cola Amatil (CCA), a major soft drinks producer in Australia
and Asia, has acquired the country's Bluetongue brewery brand to
extend its premium beer focus in a bid to further diversify its
revenue stream.
SABMiller warns of problems ahead due to rising cost of raw
materials; Constellation Brands acquires US wine business of
Fortune Brands; and Scottish & Newcastle rejects
sweetened takover offer from Carlsberg and Heineken.
The Coca-Cola Company hopes to meet growing demand for
ready-to-drink coffee products by announcing yesterday that it
will extend an agreement with Italian group Illycaffè to form a
three-way joint venture with one of its bottling...
In this week's round-up Kirin looks to increase pricing for its
beers; Scottish & Newcastle take their battle with Carlsberg to
the courts; and China welcomes the Frappuccino.
Rounding up the beverage business this week: Coca-Cola Enterprises
and Anheuser Busch continue to increase profits against cost
difficulties, while Japanese brewer Asashi takes steps to protect
itself from declines in its native beer...
In what is proving a busy week for the beverage business, Scottish
& Newcastle may be bought out by a consortium of rival brewers,
while profitability is up for soft drink manufacturers the
Coca-Cola Co. and Britvic.
Carlsberg will strengthen its position in Vietnam's burgeoning
economy with its new brewery built in association with a
domestic partner, the company announced this morning.
This week' industry round up finds Coca-Cola finalising
distribution for Glaceau, the latest appointments
at Carlsberg, and SABMiller bringing a little taste of
Italy to the Japanese market.
The environment, corporate governance and workers rights are
transforming the way managers oversee their global manufacturing
operations, as demonstrated in Coca-Cola's second report on its
progress in these areas.
Emerging markets in Europe and Asia continue to boost the global
profitability of Coca-Cola's brands as two of its regional bottlers
yesterday posted optimistic growth expectations for the fiscal
year.
Coca-Cola's German bottlers yesterday agreed to consolidate their
operations under a single company to better tap the growing
potential of its brands in the country.
Coca-Cola Enterprises posted a four per cent increase in sales
to $5.6bn (€4bn) for its second quarter as it continues
to restructure its operations amidst changing consumer demand in
the soft drinks market.
Coca-Cola's Latin American arm posted a 7.4 per cent rise in
sales to €2.3bn during the second quarter of the year, as
its soft drinks brands led across-the-board revenue
growth.
Coca-Cola Enterprises (CCE) has cut down on the amount of water it
uses by six per cent and has put measures in place that will reduce
the energy used for lighting by half.
Coca-Cola Hellenic bottling company yesterday announced it has
agreed to acquire Russian beverage group Aquavision as it aims to
tap the full potential for soft drink sales in the country.
Coca-Cola is launching a lighter-weight bottle for its major brands
in the UK, fulfilling a pledge to reduce the amount of
packaging used for its products, the company said today.
Coca-Cola will market Campbell's range of
vegetable-based juice brands in North America as it moves to
expand its presence in the non-carbonated drinks market.
Coca-Cola today pledged to overhaul how it uses water
throughout its operations and bottling franchises in a drive for
greater environmental sustainability.
A former Coca-Cola worker was sentenced to eight years in prison
this week for stealing and attempting to sell Coca-Cola trade
secrets to its rival, PepsiCo.
Beverage giant Coca-Cola has started the year on a high, posting
its strongest first quarter results in half a decade due to growth
in key international markets.
Plans to cut 3,500 jobs in a restructuring drive at Coca-Cola's
main bottling arm may lead to widespread industrial action in the
US, warned a prominent union for soft drinks sector workers.
Coca-Cola North America has announced its plans to launch Diet Coke
Plus, a carbonated calorie-free beverage with the added value of
vitamins and minerals, that could put the concept of functionality
at the front line of the soft...
Carlsberg has acquired a 10 per cent stake in Vietnam's second
largest brewer as it looks to increase its market share in the
country's growing beer market.
Coca-Cola's Australasian bottler may offload its operations in
Korea, as it reviews its operations in the country amidst declining
sales of its brands, due to consumer health concerns.
Drinks giants Coca-Cola and Nestlé have this week been officially
slapped with a lawsuit for claiming their new Enviga energy drink
can help consumers burn off calories.
Australia's biggest soft drinks maker Coca-Cola Amatil has expanded
its alcoholic beverages portfolio through a new agreement with
premium spirits distributor Maxxium.
Coca-Cola and Nestlé will limit their joint venture group to black
tea drinks, allowing the two giants to revitalise their position in
this sector and compete openly on other fast-growing beverages.
Emerging markets and a hot summer in Europe helped Coca-Cola to
pick up momentum in the third quarter, buying it time to address
problems in Japan and North America.
