27 August, 2008
- Molson Coors has formed a division to launch speciality and premium beers into the North American market. AC Golden Brewing will take a slow-build approach to brands, similar to th at of Coors with Blue Moon Belgian beer.
- Strong growth for Jack Daniel's in the UK, France, Australia, Asia and Eastern Europe helped Brown-Forman record a gross profit increase of 12 per cent, to US$42 million, in the first quarter, to the end of July. Double-digit growth for Southern Comfort in the UK, Africa and Germany offset a decline in the US.
- Suntory is to roll out distribution of its whisky brands in Russia after launching in the west of the country last year. The Japanese group introduced seven brands through distributor Veld-21 with the aim of grabbing between 10 and 15 per cent market share by 2010.
- Carlsberg has entered into a joint venture with state-owned Hanoi Beer & Beverage Corporation (Habeco) to build a new brewery in southern Vietnam. The Danish multinational was recently appointed as the approved strategic foreign investor in Habeco which is to be privatised in the near future.
- Beam Global (India) has added Maker's Mark bourbon to the range of spirits it sells in the Indian market. Managing director Harish Moolchandani said the launch was "the first of many extraordinary initiatives designed to tap the potential of the Indian market". Beam's Teacher's brand claims market leadership in Scotch in India .
- Russian vodka producer Synergy is lined up for the industry's first stock market share issue. The company will sell a 19 per cent stake in November on an as yet unconfirmed stock exchange.