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April 26 2009 (FoodBizDaily) - A new era is starting for Cayman businesses.
Known for its pristine beaches and most important the diverseness of financial services that it offers to the world, the Cayman Islands are now joining the club of beer exporters fighting for shelf space in the US.
A local brewer - Cayman Islands Brewery (CIB) - is shipping its “Caybrew” to a distributor in Florida; a first for Cayman manufacturers, and the fact is been praised as an entrepreneur success history by Dax Basdeo, the CEO of the Cayman Islands Investment Bureau.
“This is an excellent opportunity for the CI Brewery...
posted @ Sunday, April 26, 2009 10:02 AM |
April 16 2009 (FoodBizDaily) - Concha y Toro, the leading Wine maker and exporter in Chile declared Thursday a 12.8 percent increase in sales in a preliminary evaluation of the first quarter if compared with the previous year.Sales add to a total of $117.8 million.
The company attributes the grow to sales in the internal market as well as exports and mention its Argentinean subsidiary as a major player in the grow.
FoodBizDaily - Staff writer
posted @ Thursday, April 16, 2009 5:43 PM |
PARIS (Reuters) - French drinks group Pernod Ricard (PERP.PA) announced plans for a 1 billion-euro ($1.35 billion) rights issue on Wednesday and the sale of its Wild Turkey bourbon brand to Campari (CPRI.MI) for $575 mln to cut debt.
Pernod, the world's second-biggest drinks group behind Diageo (DGE.L), borrowed heavily to acquire Absolut vodka maker Vin & Sprit AB from Sweden in July last year and had to sell some brands to meet European Comission competition requirements.
Read full article [Reuters]
posted @ Wednesday, April 08, 2009 8:00 AM |
April 6 (Bloomberg) -- Coca-Cola Co. is using micro-dosing technology from drugmakers, a smart phone operating system from Microsoft Corp. and style tips from Italian auto designers in its latest attempt to revive falling sales of fountain drinks.
Coca-Cola spent four years developing a self-serve beverage dispenser that can pour as many as 120 drinks. It uses 40 percent less storage space than traditional six- or eight-tap fountains, said Gene Farrell, the project’s manager.
Read full article [Bloomberg]
posted @ Monday, April 06, 2009 7:19 AM |
The largest brewery in Korea, Hite Brewery Co.(HBWPF ) doubled sales to Japan last year, according to a company statement. The company attributes new distribution channels and product localization to the success in the Japanese market.
Sales of Hite beer in Japan grown from U$ 7 millions in 2007 to U$ 16 million one year later.
Hite Brewery has a 60% share of the South Korea's beer market .
posted @ Friday, April 03, 2009 2:38 PM |
JOHANNESBURG, April 1 (Reuters) - Brewing giant SABMiller (SAB.L) said on Wednesday growth in lager volumes may brake in Africa, one of its top performing regions, next fiscal year as the global crisis reaches the poorest continent. - SABMiller's head of Africa told Reuters the brewer of Peroni and Grolsch would keep beer volumes rising given African economies are relatively well cushioned from the world economic slowdown, but said the ripple effects were already being felt.
Read full article [Reuters]
posted @ Wednesday, April 01, 2009 11:58 AM |
LONDON, March 31 (Reuters) - Chinese beer Snow leapt ahead of Bud Light to become the world's biggest selling beer as China stretches its lead as the largest beer market in the world, according to provisional data from researcher Plato Logic. Snow, which is brewed by SABMiller (SAB.L) and its Chinese partner China Resources Enterprises Ltd (0291.HK), saw its 2008 sales volumes jump 19.1 percent to 61 million hectolitres putting it well ahead of Bud Light and sister brew Budweiser.
Read full article [Reuters]
posted @ Tuesday, March 31, 2009 2:53 PM |
SABMILLER, which is the world’s second-largest brewer, is focusing on Africa in a bid to tap into a market worth $3bn.The brewer will also be opening four new breweries this year as it seeks to benefit from countries economies’ growing at about 4% and 5%. - Nigel Fairbrass, head of media relations, said yesterday that African countries were mainly cash economies, and had not run up exposure to credit in the same fashion as other countries had.
Read full article [businessday.co.za]
posted @ Tuesday, March 31, 2009 2:37 PM |
DIAGEO, Scotland's largest Scotch whisky producer, is to shed up to 250 jobs as it continues its purge on costs.
The company, which employs 4,500 across the country, producing more than 50 million cases of Scotch whisky and white spirits, is to lose more than 100 employees from its direct sales force by the end of April. - It is understood that it will also reduce the number of brand ambassadors in Scotland as it looks to implement a restructuring plan aimed at creating full-year savings of £100m.
Read full article [scotsman.com]
posted @ Sunday, March 29, 2009 11:23 AM |
The American soft drink Coca-Cola has become a symbol of Ethiopia's deepening financial troubles. The beverage is flowing again after a brief pause, even though it drains the country's precious foreign exchange reserves. - Truckloads of Coca-Cola began rolling out of the bottling plant in Addis Ababa Friday, ending a nearly two week Coke-drought. The local bottler had to shut down this month when it became impossible to obtain the hard currency needed for imports such as bottle caps.
Read full article [voanews.com]
posted @ Friday, March 27, 2009 4:34 PM |
The popular Chinese beer brand Tsingtao has set up a Bt2-billion joint venture with a group of Thai partners to open a brewery , its first outside China. Tsingtao Beer will retain 40 per cent of Tsingtao Brewery Thailand, with 60 per cent owned by the Thais. Investor Theparak Luengsuwan said Tsingtao planned to make Thailand its export-oriented production hub to penetrate Southeast Asia, Australia and Europe.
Read full article [nationmultimedia.com]
posted @ Friday, March 27, 2009 3:32 PM |
SANTA ROSA, Calif. -- Europeans, who have long chafed at California wineries using geographic terms like Champagne and Chablis to describe their wines, have banned the importation of some U.S. wines using such terms as ''clos'' and ''chateau'' on wine labels. - Those French words, along with other terms like ''classic,'' ''tawny,'' ''noble,'' ''ruby'' and ''vintage,'' are all strictly regulated wine terms in Europe, with specific rules for who gets to use them and when.
Read full article [miamiherald.com]
posted @ Friday, March 27, 2009 11:14 AM |
BORDEAUX, France - Bordeaux is awash in unsold wine, and merchants are pressuring the top wine producers to drop their prices on the 2008 vintage by 50 percent in order to jumpstart sales. - Sales have skidded to a halt since the economic crisis hit last October. Importers and retailers around the world, suffering from a credit crunch, have frozen new orders and sometimes even cancelled previous orders.
Read full article [AFP]
posted @ Thursday, March 26, 2009 4:52 PM |
Sweet Leaf Tea Company, one of the nation’s fastest-growing makers of natural, organic beverages, has fetched a pail of water. - The Austin-based maker of organic, all-natural, home-style iced teas, lemonades and other natural beverages, announced today that Nestlé Waters North America, Inc. has made a $15.6 million investment in Sweet Leaf Tea Company.
Read full article [FoodBizDaily]
posted @ Thursday, March 26, 2009 12:00 PM |
PLOVDIV, Bulgaria (AFP) — Bulgarian winemakers are hoping that a move upmarket will win them new customers in Europe and as experts warn that sales to Russia, traditionally their biggest market, are in decline. In communist times, Bulgaria used to export some five million hectolitres of wine each year to the Soviet Union, or nearly all of the wine it produced. - Since then, Bulgaria's wine production has shrunk to 1.38 million hectolitres annually, of which it exports as much as 80 percent.
Read full article [AFP]
posted @ Tuesday, March 24, 2009 5:39 PM |
The Edrington Group, makers of The Famous Grouse and The Macallan, today announced plans to establish the company's first wholly-owned sales and distribution teams in two key export markets in Asia. - The Glasgow-based group will now have direct responsibility for all its sales activity in South Korea and Taiwan, presently the fifth and ninth biggest countries for Scotch whisky by value and both of which have been identified for their long-term growth potential for the company's premium brands.
Read full article [FoodBizDaily]
posted @ Tuesday, March 24, 2009 11:37 AM |
The Ukrainian wine market might grow two-three times, says Volodymyr Demchak, President of the Ukrainian Commercial and Industrial Confederation (UCIC). - He specified that today Ukraine's actual wine consumption posts 11-12 liters/person a year (official data - 8 l/p a year). At the same time, in neighboring Belarus this indicator is 15 l/p a year.
Read full article [nrcu.gov.ua]
posted @ Friday, March 20, 2009 4:42 PM |
SABMiller plc today announces that it has signed an agreement with its JV partner, Vietnam Dairy Products Joint Stock Company , to acquire Vinamilk's 50% interest in SABMiller Vietnam JV Company Limited . Conditions to the transaction have been fulfilled and SABMiller Asia BV is now the sole shareholder in the Company.
Read full article [FoodBizDaily]
posted @ Friday, March 20, 2009 12:36 PM |
New Delhi, March 18 (IANS) Riding on the success of the Bailey’s cream liqueur, Irish companies have lined up the launch of a wide range of whiskeys, stouts and liquors in the Indian market this year to give discerning consumers a taste of their brewing and distilling expertise that dates back 5,000 years. - Carolans, a relatively new brand of cream liqueur, Tullamore Dew, among the fastest-growing blended whiskey brands in Ireland, Wild Geese, a brand of whiskey named after Irish soldiers, and Connemara, the country’s lone single malt peated pot, are among various brands set to make their way...
posted @ Wednesday, March 18, 2009 12:28 PM |
March 18 (Bloomberg) -- Coca-Cola Co. may scrap its $2.3 billion bid for China Huiyuan Juice Group Ltd., the Financial Times reported, sending shares of the Chinese drinks maker plunging by a record 19 percent.
China’s Ministry of Commerce doesn’t want Coca-Cola to acquire the brand rights of Huiyuan, the report said, citing unidentified people familiar with the situation. The transaction would be the biggest foreign takeover of a Chinese company and is the second-largest scrutinized by the ministry since an anti- monopoly law took effect on Aug. 1.
Read full article [Bloomberg]
posted @ Wednesday, March 18, 2009 8:01 AM |
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