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 Mexico’s Jose Cuervo.
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 of the current distribution agreement due to expire in June 2013.
INDUSTRY VOICES: HEAD OF AKTIEFOKUS CHINA, JACOB DE LICHTENBERG
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 nation's top three domestic brewers.
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 with United Spirits and Jose Cuervo.
The Ethical Coffee Company (ECC) has launched a law suit against Nestlé subsidiary Nespresso in Paris claiming its larger rival ran a ‘systematic smear and defamatory’ campaign to discredit ECC's coffee capsules.
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.
Tetra Pak and Coca-Cola Hellenic announced today that they have partnered to deploy the packaging company's new Tetra Gemina Aseptic (TGA) Leaf carton for the first time worldwide, for the beverage giant's Dobry juice range in Russia.
Diageo has filed patents in a range of nations detailing a formulation process for alcoholic cocktails, sold in bottles at ambient temperatures then frozen by consumers to form a ready-to-serve pourable slush.
WHAT'S AMERICA DRINKING? FEWER CARBONATED SOFT DRINKS...
Beverage Marketing Corporation (BMC), data and research group head, Gary Hemphill, does not think mid-calorie CSDs like Dr. Pepper TEN and Pepsi NEXT can restore the overall category’s ailing fortunes.
A US student who launched an online petition demanding that PepsiCo brand Gatorade remove patented flame retardant brominated vegetable oil (BVO) from its sports drinks has gained over 180,000 signatories.
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.
Nestlé has identified Africa as one of the biggest areas of opportunity for the food industry in the next ten to twenty years – both within the continent and for European food makers, according to Dr Serigne Diop, director of Nestlé’s R&D centre in...
PepsiCo’s tie-up with top Chinese beverage player Tingyi, given the green light in March, will significantly reduce growth opportunities for smaller market rivals, according to Martin Wu from Rabobank.
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 of over £1.5bn.
“I know what people are thinking as they head out for a Big Mac, large fries and cola: why not make it a lighter meal and opt for diet- or zero-calorie Coke—or now, a Pepsi Special?” reasons Rashi Chowdhary, a Dubai-based nutritionist.
Coca-Cola has to "think and act like a lean start-up company" if it wants to stay ahead of the pack, using its Venturing and Emerging Brands (VEB) arm to make "more, earlier bets" to find the next big thing in beverages, says its procurement...
PepsiCo has officially opened a food and beverage innovation center in China to serve as a hub of product, packaging and equipment innovation for the business throughout Asia.
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.
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 firm wins market share.
The Coca-Cola Company has contributed one million dollars to assist in relief efforts associated with the effects of Hurricane Sandy on the Northeast of the United States.
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.
The Coca-Cola Company has announced plans to invest $300m in its Vietnamese system over the next few years to capture further growth opportunities in 'one of the world's major emerging markets'.
Crown Holdings tells BeverageDaily.com that it hopes to introduce a new full aperture end just launched in China for use with 150ml Budweiser cans to other geographies in future.
Sanofi’s new beauty drink joint venture with Coca-Cola is unlikely to precipitate a more serious leap into functional or medical foods for the French pharma titan, an analyst has said.
The Coca-Cola Company, PepsiCo and other firms riding the convergence wave marrying soft drinks to dairy face massive future commodity sourcing challenges.
Crown Holdings has postponed plans to build two new plants in China as it continues to face sluggish economic conditions and unfavourable weather in its key markets.
Diageo has dismissed as 'baseless' legal action taken by Destileria Serralles (DSI) in the US, which alleges contractual breaches linked to the former's move to shift production of Captain Morgan rum from Puerto Rico to the US Virgin Islands...
Carlsberg has announced plans to invest up to 1bn roubles ($32m) in Russian environmental projects relating to water, agriculture and climate change at Baltika Breweries, and told BeverageDaily.com it aimed to improve its environmental baseline.
Crown Imports will launch Carlsberg’s Somersby Hard Apple Cider into test markets across the US, as major players scramble to plug the gap left by a slump in mainstream beer sales.
After Heineken successfully netted Asia Pacific Breweries (APB), CEO and chair Jean-François van Boxmeer told investors that there were ‘six key reasons’ why the capture was compelling.
A leading Coca-Cola Company executive says that as the top consumer brand on Facebook, the firm is embracing its 52m fans who act as an unofficial sales force.
Coca-Cola Enterprises (CCE) has invested €6.5m in a joint venture with APPE, France's leader in recycled polyethylene terephthalate (PET), to increase the rate of recycling plastic bottles in France.
After 'huge and unsuccessful efforts' to re-enter India after it made the strategic mistake of exiting the market in 2002, Diageo's near deal with United Spirits would win it a reprieve, according to a top alcoholic drinks analyst.
Carlsberg has agreed a strategic partnership with Singha Corporation, and tells BeverageDaily.com it is confident the new venture will succeed where a previous Thai partnership with Chang Beverages failed amidst legal acrimony in 2005.
JBF Industries will build a giant new plant in Brazil dedicated to the production of the recyclable PET material used in Coca-Cola's PlantBottles to help the soft drinks giant meet its goal of making every plastic bottle a PlantBottle by 2020.
Coca-Cola New Zealand is selling PET bottles of Coke personalized with one of 150 names popular in the country, and encouraging Facebook fans to 'share a virtual can'.
PepsiCo has won a US Tax Court judgment against the US Internal Revenue Service (IRS) which claimed the firm owed it circa. $363m in unpaid tax relating to operations in Europe and Puerto Rico.
Pepsi NEXT has been launched in Australia, but intriguingly the drink has been formulated with stevia for this market to achieve a 30% sugar reduction, rather than the 60% effected with other sweeteners in the US.
Coca-Cola has hailed a 'vote of confidence' in management, after staff voted against making its Fort Worth bottling site the firm's first corporate-owned unionized plant in the South.
Heineken has taken a giant leap forwards in its bid to take full control of Asia Pacific Breweries (APB), after rival ThaiBev and its concert parties said today they would support the Dutch firm’s offer.
Diageo Americas Supply has been sent an air pollution ‘notice of violation’ letter by city authorities in Louisville, Kentucky, which alleges that excess ethanol emissions from warehousing used to age whiskey led to breathing difficulties for some residents.
PepsiCo says it feels sadness after the sudden resignation of president John Compton, who has left the firm to pursue a ‘once in a lifetime’ opportunity as CEO of Pilot Flying J.
The Coca-Cola Company has relaunched Coca-Cola onto the Burmese market, while Coca-Cola Light and Sprite are also now available, as it works to found a bottling venture with a local soft drinks firm.
As the Coca-Cola Company launches a new range of water flavor enhancers under its Dasani brand from October allowing US consumers to personalize tastes, a top drinks analyst suggests it will take the nation time to get used to uncommon beverage concentrates.
Coca-Cola Enterprises (CCE) admits that it lost volume and value share in Great Britain in H1 2012 due to promotional activity from rivals, but insists it regained ground over the past month.
Coca-Cola Amatil (CCA) has completed the acquisition of Foster's Fiji Business for A$58m by buying a holding of around 89.6% in Foster's Group Pacific Limited (FGPL), and aims to launch Fiji Bitter and Bounty Rum brands in Australia by the end...
Japanese Pepsi bottler Suntory could enter the fray with a rival bid for Britvic, according to one City analyst, but he added that this was unlikely due to the firm’s debt levels and low free cash flow yield.
Fraser & Neave (F&N) announced today that shareholders will vote on the firm's proposed sale of its interest in Asia Pacific Breweries (APB) to Heineken on September 28, and hailed the offer as its 'best opportunity' to realize...
As reports circulate suggesting PepsiCo is trialing an alternative sweetening system for Diet Pepsi, the company insists that it has no intention of altering the drink’s formula or taste.
