Tag Archives: Dow Jones Newswires

• SABMiller to enter speciality beer market

SABMiller to enter speciality beer market

Global brewing giant SABMiller PLC SBMRY +2.38% said Thursday it will enter the high growth market of specialty beers, where its main competitors Belgian Anheuser-Busch InBev NV (ABI.BT) and Dutch Heineken NV (HEIA.AE) are already active, with a distribution agreement with the Belgian Van Steenberge Brewery. “As the European market for specialty beers grows around […]

• Diageo In Running To Buy Stock Spirits Group

Diageo In Running To Buy Stock Spirits Group

Drinks giant Diageo PLC (DGE.LN) is in the running to buy spirit maker Stock Spirits Group, a person familiar with the matter told Dow Jones Newswires. First round bids for the U.K.-headquartered drinks maker, which is reportedly worth more than $1 billion, were due by the end of February, people familiar witht the matter told […]

• Sapporo Looks to Increase North American Output

Sapporo Holdings Ltd. (2501.TO) is mapping out strategies–possibly involving mergers and acquisitions or setting up a new plant–to meet rising demand for premium beer in the U.S. and Canada. In Asia, meanwhile, it is expanding its beer and soft drink business through a recent tie-up with unlisted Pokka Corp. “We will make a decision on […]

• Pernod Ricard Sells Renault Cognac Brand To Altia For EUR10M

French wine and spirits company Pernod Ricard S.A. (RI.FR) said Thursday that it’s selling its Renault cognac brand together with some finished products inventories to Finnish state-owned alcoholic drinks company Altia for EUR10 million in cash. MAIN FACTS: – The closing of the transaction is subject to clearance by the Swedish and Norwegian competition authorities. […]