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Asia/Australia
The latest figures from the Australian Wine & Brandy Corporation show that wine exports dropped in value 15 percent in the year to September with the total volume exported falling by 13 percent to 698 million litres. Growth was shown in only two markets – Denmark and Hong Kong.
Asia/Australia
Energy drinks still seem to be all the rage. Small wonder that Groupe Danone has received a number of final bids from trade buyers for its Frucor unit, maker of V energy drinks. In the end it was Japanese beverage company Suntory which clinched the deal. Danone, which is streamlining its portfolio to focus on healthier products such as mineral and spring water, on 23 October 2008 sold Frucor for an "amount over EUR 600 million" or around AUD 1.2 billion, at the top end of analysts’ expectations.
Asia/Australia
Six months on from the Federal Government’s tax increase on RTD’s in April, the Department of Ageing & Health is pleased with the impact the rise had on the market, pointing out that “recent Australian Tax Office figures show a 23 percent decrease in pure alcohol sold in spirit form, between April and June”.
Asia/Australia
Lion Nathan’s most popular beers, including Tooheys New, Tooheys Old, XXXX Bitter, XXXX Gold, Swan Draught & West End Draught, will now carry a stamp: “Natural Beer Promise: Brewed in Compliance”. This statement confirms that the products are naturally brewed using only five ingredients: water, malted grains, cane sugar, hops and yeast and are free from additives and preservatives.
Asia/Australia
In October SABMiller launched a new national beer brand in India, appropriately named Indus Pride. The new mild beer is to crack Kingfisher’s dominance as the best-selling beer. Kingfisher is owned by United Breweries in which Dutch Heineken has a 37.5 percent stake. SABMiller is the number two brewer in India with a market share of 35 percent in its core markets.
Asia/Australia
Plans for the new Bluetongue Brewery at Warnertown (NSW Central Coast), north of Sydney, are currently on display for comment at the Wyong Council offices. The brewery, to be built by Pacific Beverages - a joint venture between Coca Cola Amatil and SABMiller - is expected to open in 2010.
Asia/Australia
A range of quality vineyards and winery assets in the Clare Valley, Coonawarra, McLaren Vale, Padthaway and Wrattonbully regions in South Australia and Mt Barker in West Australia has been offered for sale on behalf of Constellation Wines Australia. The relevant winemaking and fruit-supply arrangements are subject to negotiation. In Adelaide, persistent ‘grapevine’ rumours suggest that Constellation is set to pull out of Australia completely if the market for Australian wines does not improve.
Asia/Australia
Peter Lehmann, 78, Barossa valley wine legend, is celebrating the remarkable turnaround of the company that bears his name, following the news of its best-ever financial result.
Asia/Australia
The Fosters Group have served up the dregs for investors with their first profit drop in 16 years, revealing a fall of 88 percent (AUD 117 million) to 30 June 2008, and due mainly to a massive write-down of the value of their wine businesses. Admitting that they paid too much for their wine assets (principally Beringer and Southcorp), Foster’s said that financial returns from wine have not met expectations and that the multi-beverage marketing approach had failed.
Asia/Australia
Australian Vintage (formerly McGuigan Simeon Wines), the country’s third largest winemaker, unveiled its first net profit in two years on 27 August 2008.
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