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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 |
LONDON (Reuters) - Champagne is losing its fizz in Britain, by far its most important export market, with the recession, rising unemployment and a weak pound dampening demand for a drink associated with success and excess. - But among the hundreds of champagne houses, buyers and tasters sampling varieties great and good at London's Banqueting House on Tuesday, there was a sense that people's thirst for France's most famous liquid asset would return before long.
Read full article [Reuters]
posted @ Wednesday, March 18, 2009 7:55 AM |
CHICAGO (Reuters) - Diageo, the world's biggest alcoholic drinks group, expects the U.S. spirits industry to increase sales volumes through the current downturn while the company looks to outperform all its major competitors. - The London-based maker of Johnnie Walker whisky, Smirnoff vodka and Guinness beer said growth of the U.S. industry has slowed, especially toward the end of 2008, but it still expects positive industry growth through 2009.
Read full article [Reuters]
posted @ Tuesday, March 17, 2009 8:51 PM |
International rock star Sting is preparing to launch a red wine produced from his Tuscan vineyard. -Around 30,000 bottles of wine will go on sale in September, mainly in Britain and the United States, Paolo Rossi, his estate manager has confirmed.
Read full article [decanter.com]
posted @ Tuesday, March 17, 2009 2:59 PM |
Winemakers in France are fuming over EU plans to allow producers to make rosé wine by mixing red and white together. - Producers say it is sacrilege to simply blend the two together rather than using the specialist technique of leaving the crushed red grapes to soak with macerating white grapes.
Read full article [decanter.com]
posted @ Monday, March 16, 2009 4:49 PM |
Italian wine exports fell in volume last year due to strong competitive pressure from non-European markets. The country's wine export volumes dropped seven per cent to 17.8 million hectolitres in 2008, according to Unione Italiana Vini (UIV).
Read full article [decanter.com]
posted @ Monday, March 16, 2009 4:43 PM |
The Coca-Cola Company announced today that it has committed US $30MM over the next six years to provide access to safe drinking water to communities throughout Africa through its Replenish Africa Initiative (RAIN). Implemented by The Coca-Cola Africa Foundation, RAIN will provide at least 2 million Africans with clean water and sanitation by 2015.
Read full article [FoodBizDaily]
posted @ Monday, March 16, 2009 7:23 AM |
PARIS - Bordeaux winemakers saw their sales stagnate last year as the global economic slowdown caused a drop in demand late in the year, but drinkers paid more for the wine they did buy. - Figures released Thursday by the Bordeaux winemakers association showed sales of Saint-Emilion, Medoc and other Bordeaux wines last year were 750 million bottles, flat on a year earlier.
Read full article [msnbc.msn.com]
posted @ Friday, March 13, 2009 2:36 PM |
MILAN (Reuters Life!) - Export of wine from Italy, a major producer in Europe, fell in volume last year under strong competitive pressure with traditional European markets taking the biggest hits, the industry body said this week. - Wine export volumes dropped 7 percent to 17.8 million hectoliters in 2008, but its value edged up 2 percent to 3.6 billion euros ($4.57 billion), Unione Italiana Vini (UIV) said in a statement.
Read full article [Reuters]
posted @ Wednesday, March 11, 2009 5:39 PM |
TOULON, France (AFP) — Winegrowers in France's picturesque Provence region are pink-faced with fury over EU plans to let producers make rose wine by mixing red and white, saying this risks destroying a local tradition. - Growers across France produce a third of the world's rose but on the Mediterranean coast in particular a glass of dry wine on a hot summer's afternoon, with a dish of olives or grilled fish, is as much a part of local culture as the game of boules.
Read full article [AFP]
posted @ Wednesday, March 11, 2009 5:31 PM |
SABMiller RUS started production of Amsterdam Navigator at Kaluga brewery, thus extending its portfolio with a new brand in "strong beer" category.According to the company "strong beer" category is one of the most stable.
Amsterdam Navigator has an ABV of 8,2% which is achieved by a prolonged fermentation process.
Read full article [FoodBizDaily]
posted @ Tuesday, March 10, 2009 5:38 PM |
All Sport, Inc. and Dr Pepper Snapple Group, Inc. presented today the first zero-calorie sports drink sweetened with rebiana, an all-natural sweetener from stevia - All Sport Naturally Zero. - Rebiana is an all-natural zero calorie sweetener derived from the stevia plant. Stevia has been used as a sweetener for centuries and rebiana was recently approved by the United States Food and Drug Administration for use in a variety of foods and beverages.
Read full article [FoodBizDaily]
posted @ Tuesday, March 10, 2009 4:19 PM |
BEIJING (Reuters) - China is reviewing Coca-Cola Co's (KO.N) $2.5 billion bid to acquire China Huiyuan Juice Group (1886.HK) under the anti-monopoly law, Commerce Minister Chen Deming said on Tuesday.
[...] If the deal is approved, it would clear the way for the largest acquisition of a Chinese firm by a foreign rival.
Read full article [Reuters]
posted @ Tuesday, March 10, 2009 11:45 AM |
Constar International Inc. a Philadelphia based producer and supplier of PET (polyethylene terephthalate) plastic containers for food and beverages announced that the Institute of Packaging Professionals (IoPP) has recognized a PET bottle with the company's MonOxbar™ barrier technology as a top Beverage Package of 2008 with an Ameristar Award.
Read full article [FoodBizDaily]
posted @ Tuesday, March 10, 2009 10:46 AM |
Milk Link, UK’s integrated dairy business, has partnered with The Clever Little Drinks Company under a new licensing agreement which will see them produce and market Mini Moo milk drinks. Produced in a 250ml carton, Mini Moos come in strawberry, chocolate and banana flavours. There is also a semi skimmed variety. With this move Milk Link expects to increase its share of the vending machine and lunchbox markets.
Read full article [FoodBizDaily]
posted @ Monday, March 09, 2009 3:50 PM |
HONG KONG (Reuters) - Coca-Cola Co, the world's largest soft drinks maker, said on Friday it will invest $2 billion in new plant and distribution infrastructure in the next three years in China. - The company would also speed up development to ensure products suit local taste, it said in a statement.
Read full article [Reuters]
posted @ Friday, March 06, 2009 7:53 AM |
GURGAON: PepsiCo chairperson and chief executive Indra Nooyi announced on Sunday an investment of $500 mn in India over the next three years to triple revenues by 2014. - The investment would be spread over manufacturing, market infrastructure, environment sustainability initiatives, research, new products and agriculture, Chennai-born Nooyi said.
Read full article [indiatimes.com]
posted @ Thursday, March 05, 2009 9:30 PM |
Anheuser-Busch InBev , the world’s biggest brewer, might eventually sell its Russian beer business as it raises cash to pay down debt and focuses on its more profitable American beer brands, some analysts believe. - The brewer, created last year following InBev’s $52bn acquisition of Anheuser, on Thursday announced a 41 per cent drop in net profit in its first full-year results as a combined company. It is the second-biggest brewer in Russia after Baltika, which is owned by Denmark’s Carlsberg.
Read full article [FT.com]
posted @ Thursday, March 05, 2009 2:59 PM |
Dr Pepper Snapple Group Inc. has bought 53 acres in Victorville, where it will build a large-scale bottling plant and distribution center, the company said Wednesday.- The Texas-based soft-drink maker will start work shortly on a $120-million facility to produce such beverages as 7UP, A&W root beer, Sunkist orange soda and Hawaiian Punch for customers in the Southwest. After the plant opens in spring 2010, it is expected to pump out as many as 40 million cases of drinks a year.
Read full aricle [latimes.com]
posted @ Thursday, March 05, 2009 2:52 PM |
NESTEA is the first national ready-to-drink (“RTD”) tea brand to bring to consumers a red tea combined with pomegranate and passion fruit. With over 50 years of iced tea heritage, NESTEA has added Red Tea Pomegranate Passion Fruit -- recently selected by retailers as one of the “Top 12 Cool New Products”1 -- to its line of RTD teas.
Read full article [FoodBizDaily]
posted @ Wednesday, March 04, 2009 12:29 PM |
Admiral Imports has announced that it has been named the exclusive importer of "Green Fairy," "Djabel," and "Koruna" Absinths from the Czech Republic. The new acquisitions position Admiral Imports to be the leading U.S. importer of Absinth.
Read full article [FoodBizDaily]
posted @ Wednesday, March 04, 2009 11:10 AM |
DUBLIN, March 3 (Reuters) - Irish drinks group C&C is writing down assets worth 141 million euros ($178 million) to streamline the business as a deep recession adds to years of declining sales, it said on Tuesday. - C&C helped to make cider fashionable in Britain, but its marketing of its Magners brand as a premium, hot-weather drink misfired in a string of wet summers, the economic downturn and under pressure from bigger rivals.
Read full article [Reuters]
posted @ Tuesday, March 03, 2009 12:42 PM |
SABMiller announces the launch, in Australia, of Peroni Leggera (Italian for ‘Light'), the lighter version of Peroni Nastro Azzurro, a jewel in the leading brewer's premium brand portfolio. - Peroni Leggera will launch initially in Australia, after which it will evaluated for its potential in other Peroni Nastro Azzurro markets. Peroni Nastro Azzurro is available in Australia, India, Russia, South Africa, the UK, the US, Colombia, Canary Islands, Canada, France, Peru, Poland, Romania, Puerto Rico, Japan and of course its birthplace in Italy.
Read full article [FoodBizDaily]
posted @ Monday, March 02, 2009 3:40 PM |
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