LONDON, March 29 (Reuters) – Diageo is edging
towards a deal with the owner of Jose Cuervo tequila which could
see the British spirits group take a minority stake in the $3
billion-plus valued No.1 tequila brand, people familiar with the
Diageo chief executive Paul Walsh has said he wants control,
or a route to control, of a brand owned by the secretive
Beckmann family and a deal for a small stake is anticipated and
could be concluded by the early summer, they added.
BRUSSELS/LONDON, March 28 (Reuters) – Discontent is building
against executive bonuses totaling more than 1 billion euros
($1.33 billion) at Anheuser-Busch InBev triggered when
the brewer cut its huge debt two years ahead of target following
the acquisition of the maker of Budweiser.
Executive options were set on how rapidly the world’s
biggest brewer could cut debt, and with the target now reached
Chief Executive Carlos Brito is in line for a windfall of more
than 100 million euros among 40 AB InBev executives set to
benefit from the scheme.
LONDON, March 27 (Reuters) – Two of the world’s biggest
brewers, Anheuser Busch InBev and Heineken,
are in a $1.5 billion race to buy the Dominican Republic’s
biggest brewer Cerveceria Nacional Dominicana (CND), said people
familiar with the matter.
The brewer of Presidente beer which is available in many
other Caribbean islands and also the United States has been put
up for sale by the nation’s biggest company Grupo Leon Jimenes,
which controls the majority of the brewing company.
AMSTERDAM/LONDON, March 22 (Reuters) – An independent Douwe
Egberts coffee company, being spun out of Sara Lee this
summer, is set to step up the battle with rivals Nestle
and Kraft by expanding into new countries,
premium products and possibly making acquisitions.
Analysts believe the new company, to be called D.E. Master
Blenders 1753 and listed in Amsterdam by the end of June, could
breathe fresh life into its Senseo single-serve brewed coffee
system, which competes with Nestle’s Nespresso and Kraft’s
Tassimo coffee systems.
LONDON, March 15 (Reuters) – Plans by Starbucks
to launch a rival coffee machine to Nespresso may
derail owner Nestle’s hopes for growth in the United
States after the George Clooney-marketed system has proved a hit
with espresso coffee lovers across Europe.
Starbucks’ news last week sent shares in Green Mountain
Coffee Roaster tumbling as the seller of Keurig
machines controls more than three-quarters of the U.S.
single-cup coffee market. But analysts see Starbucks’ move as
more likely to hit Nestle’s fastest-growing big brand.
LONDON, March 13 (Reuters) – Africa’s biggest brewer
SABMiller is ratcheting up production of more affordable
beers in the continent using sorghum and cassava in place of
more expensive barley to drive growth in what is already the
group’s fastest growing region.
The London-based brewer’s Africa region – minus South Africa
- produces 13 percent of group profits, and strong beer volume
and earnings growth is being driven by its biggest markets such
as Tanzania, Mozambique, Zambia and Botswana.
LONDON (Reuters) – Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) will battle a Danone-Mead Johnson (DANO.PA: Quote, Profile, Research, Stock Buzz) (MJN.N: Quote, Profile, Research, Stock Buzz) team for Pfizer’s (PFE.N: Quote, Profile, Research, Stock Buzz) $10 billion infant nutrition business next week, with the Swiss giant tipped as favorite, people familiar with the situation said on Friday.
The Pfizer unit being sold is a high-growth $2.1 billion turnover business with over 70 percent of sales in emerging markets and a key position in China, and has attracted the attention of the three largest players in the infant milk formula sector.
LONDON (Reuters) – Japanese brewer Asahi (2502.T: Quote, Profile, Research, Stock Buzz) is emerging as a frontrunner to buy eastern European brewer StarBev, a sale expected to fetch up to $3 billion for private equity owner CVC Capital Partners, people familiar with the matter said on Thursday.
The private equity group is gearing up to sell the business in around two weeks after receiving several approaches from a number of global brewing groups, the people said. CVC bought StarBev in December 2009.
LONDON, Feb 29 (Reuters) – Diageo, the world’s
largest spirits company, promoted Ivan Menezes to a new role of
chief operating officer on Wednesday, in a move that could see
him eventually take over from 56-year old chief executive Paul
Menezes, 52, has been president of Diageo’s biggest region
North America since 2004, and will take up his new role on March
1. He will lead Diageo’s operating business globally, making him
the leading internal front-runner for the top job.
LONDON, Feb 28 (Reuters) – The world’s biggest spirits
groups were late to exploit demand from emerging markets and a
wave of acquisitions over the next few years looks likely as
they play catch-up.
The likes of Diageo (DGE.L: Quote, Profile, Research) and Pernod Ricard (PERP.PA: Quote, Profile, Research)
delayed their entry to the emerging markets party because they
assumed drinkers in China, India and Mexico would not pay up for
premium whiskies and vodkas in preference to local spirits.