Just Drinks - Beverage Industry News | Market Research
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Stock Spirits to close ethanol plant in Germany - Just Drinks
WEBSep 26, 2024 · Stock Spirits has decided to a shut a manufacturing facility in Germany, blaming production costs. The Amundsen vodka owner is closing its Baltic Distillery in the town of Dettmannsdorf by the end of the year. The site in eastern Germany, one of two Stock Spirits has in the country, employs 35 staff. Baltic Distillery produces pure alcohol ...
“This is a very perilous time ” – DISCUS talks US spirits market
WEBSep 16, 2024 · Whiskey being poured into glass on wooden barrel. Credit: New Africa/Shutterstock.com. Trade association the Distilled Spirits Council of the United States (DISCUS) is the largest advocate and lobbying group for the US spirits industry, with members ranging from small local distillers to global operators. Stay informed for just £1!
Tilray Brands cuts jobs in drinks operations - Just Drinks
WEBSep 5, 2024 · Tilray also acquired a clutch of beer brands from Anheuser-Busch InBev last year, including Blue Point Brewing, Shock Top, Breckenridge Brewery and Square Mile Cider.. Some of the assets were acquired by AB InBev in deals during the 2010s. Three of the brewers were bought in 2019 when the company acquired Craft Brew Alliance outright.. Tilray’s net revenue from its beverage-alcohol business ...
Diageo launches official draught Guinness 0.0 trials in UK
WEBSep 2, 2024 · Diageo has started a longer-term test sale of its non-alcoholic Guinness on draught in the UK on-premise. The zero-alcohol stout will be sold at The Devonshire pub in Soho, London, priced at £6.35 ($8.34) a pint. It will be available on tap until early 2025 “with the possibility to extend”, Diageo told Just Drinks.
Australian Vintage eyes cash-flow boost in strategy shift
WEBAug 19, 2024 · Ahead of the planned publication of the company’s full-year numbers this week, it posted brief details on some of its results. Revenue rose 1% to A$261m, Australian Vintage said. Underlying EBITS was up 24% at A$13m and underlying NPATS grew 29% to A$5m. The group said a A$6m increase in its “normalised” free cash flow “provides a ...
BlueTriton, Primo Water merger will “add competitiveness” - Just …
WEBJun 18, 2024 · The merger of the two companies was announced yesterday (18 June). Under the terms of the deal, BlueTriton shareholders will take 57% of the fully diluted shares of the new group, while Primo Water will secure the remaining 43%. The net revenue of the new company will sit at $6.5bn, while adjusted EBITDA will be $1.5bn.
Why is there a slowdown in US energy drinks?
WEBAug 14, 2024 · The Monster Energy brand owner saw top and bottom-line growth year-on-year, with its energy drinks segment sales increasing 3.3% to $1.74bn in the three-month period. Meanwhile, Celsius’ revenues were up 23% and its adjusted EBITDA jumped 29% to $100.4m for the quarter. And yet, the overhanging message from both US …
PepsiCo Carrefour row over pricing 'solved' - Just Drinks
WEBApr 4, 2024 · PepsiCo and Carrefour have resolved a pricing dispute that led to the French retailer delisting food and beverage brands across Europe earlier this year. Stay informed for just £1! Subscribe to Just Drinks for unbiased coverage of the global drinks industry, offering insights into the corporate strategies of beverage manufacturers and brands ...
Brown-Forman drops diversity and inclusion, leaves LGBTQ index
WEBAug 23, 2024 · Brown-Forman has scrapped its diversity and inclusion policies and ended its participation in an LGBTQ corporate equality index. An email sent out by Brown-Forman’s executive leadership team was posted on X by US conservative activist Robby Starbuck, in which the group said it was making changes to its …