Archives for August 30, 2004

← 2004

Belgian brewer sells fruit juice arm

Duvel Moortgat, the Belgian brewing group, has sold its fruit juice operation Freya's Deli Fruit to compatriot Konings for an undisclosed sum, a move precipitated by the need for urgent investment in the company.

Race on to bag Knjaz Milos

The sale of shares in Serbian mineral water bottler Knjaz Milos has attracted considerable attention from a succession of foreign companies, with France's Group Danone, Cayman Islands registered FPP Balkan, Hungarian-based Jaminca - part of the...

Healthy results for Kerry

Ongoing demand for healthy products helped Irish food and ingredients firm Kerry to a strong first half performance. And with recent acquisitions pushing it into other high growth sectors, there is little to stop the group from making further advances...

Wine glut hits Foster's hard

Australian alcoholic beverages group Foster's has been denied what could have been a magnificent turnaround by a poor showing from its wine trading division during the 12 months to June 2004. A glut of wine in the US - and the subsequent raft of...

Baltika performance impacted by costs

Baltika continues its strong performance in the Russian beer market after announcing a double digit increase in its sales volumes for the first six months of the year. But increased expenditure on advertising and packaging impacted profits.