Wineries should tap US super-premium cider craze: Rabobank
The world’s top wineries can steal a march on brewers in super-premium US cider with their distribution strength and prestige as the category with significant growth potential.
Archives for July 15, 2013
Wright Foods invests $53m to create more than 500 jobs
Wright Foods is to create 505 jobs and invest $53m over the next five years in North Carolina.
‘You can’t get the US wine business right. Sell it!’ Analyst tells Treasury Wine Estates CEO
Treasury Wine Estates said yesterday it will spend $147m destroying wine destined for the growing US market after admitting ‘over ambitious’ sales forecasting for fiscal year 2014.
Sweet snacks and fizzy drinks linked to colorectal cancer: Study
Consumption of high-energy snack foods and sugar sweetened sodas may be associated with an increased risk of colorectal cancer, according to new research.
Coke CEO ‘not happy’ with weak Q2 2013 performance
The Coca-Cola Company CEO Muhtar Kent says the company is not happy with its Q2 performance and blamed lower volume sales on global economic weaknesses and unusually poor weather.
Analyst fears for long-term health of PepsiCo beverages business
A top financial analyst is skeptical about the long-term viability of PepsiCo’s new ‘hybrid everyday value’ US pricing structure given Coke’s apparent bid to ‘aggressively out-promote’ the strategy.