Constellation Brands brought back to earth by US suit to block ABInBev/Grupo Modelo deal
Source: Wall Street Journal For months, Constellation Brands Inc. has been basking in the expectation that its revenue would soon double, thanks to a side transaction related to Anheuser-Busch InBev's takeover of Mexican brewer Grupo Modelo. But Constellation's star...
US sues to block ABInBev’s deal for Grupo Modelo
Source: Wall Street Journal The U.S. government sued to block the world's biggest beer maker from spending $20 billion to get even bigger, the latest deal to fall prey to global antitrust regulators. The surprise lawsuit seeks to block Bud Light maker Anheuser-Busch...
Beam reporting results – net sales up 11%
Source: Beam Deerfield, Illinois, February 1, 2013 – Beam Inc. (NYSE: BEAM), a leading global premium spirits company, today reported results for the fourth quarter and full year 2012. For the full year 2012, reported net sales increased 7% to a record $2.5 billion....
Shipping wine in bladders is becoming the new normal for wine exports, not only for value wines
Source: Bloomberg Hardys became the U.K.’s best- selling Australian wine by selling bottles for as little as 3.40 pounds ($5) in the face of a rising domestic currency. To do that and still earn a profit, the winemaker turned to plastic bags -- 24,000-liter plastic...
Wine Market Council finds that wine drinking has expanded to more consumers, more venues and more occasions
Source: Wine Enthusiast Amid a still-challenging economic environment, wine sales continued to grow in 2012, according to the Wine Market Council—an independent, nonprofit trade association—and The Nielsen Company, which presented their annual findings on U.S....
Global drinks industry needs to adapt its raw material sourcing strategies in order to survive an impending global supply shortage
Source: the Drinks Business A new report has called on the global drinks industry to adapt its raw material sourcing strategies in order to survive an impending global supply shortage. While drawing attention to a number of supply pressures for the beer and spirit...
Governor Corbett’s plan for liquor privatization in Pennsylvania ties to education funding
Source: The Morning Call Gov. Tom Corbett served up a liquor privatization plan in Pittsburgh that would eliminate state liquor stores and dramatically expand the availability of wine, beer and liquor, while dumping the licensing proceeds into a $1 billion, four-year...
Wine making in unusual places: example long-isolated Myanmar
Source: Agence France-Presse Myanmar may be best known for its decades of junta rule, but behind the bamboo curtain maverick entrepreneurs have toiled for years to put the nation on the map for the quality of its wine. Vines cascade down terraces overlooking the vast...
Diageo profit soars, bolstered by price increases
Source: Diageo 6 months ended Dec 31, 2012 results summary 5% organic net sales growth with 1% organic volume growth 70 basis points of organic gross margin improvement 5% organic growth in marketing focused on the faster growing markets 110 basis points of organic...