Posted by Turgut Ziyal on Tuesday, August 24, 2010,
In :
beverages
Coca-Cola is taking a long-term approach when extending its portfolio, as it seeks to identify the global brands of tomorrow. For this purpose Coca Cola has a Venturing and Emerging Brands division which is staffed by approximately 15 employees, and combines the role of investor, adviser and trend-spotter. Mr. Deryck van Rensburg, the president and general manager of this unit says that VEB exists to try to identify the next big thing and to look outside the borders of company and partner with... Continue reading ...
Posted by Turgut Ziyal on Wednesday, August 4, 2010,
In :
beverages
Starbucks Corp will begin testing summer drinks with a base of green, unroasted coffee on Wednesday as it works on new products to drive sales and differentiate itself from rivals like McDonald's Corp. The drinks, called "Refreshers," will be sold at 113 company-operated cafes around San Diego, California, and priced from $2.50 to $2.95. Starbucks' vice president of global beverage Julie Felss Masino said they are made of fruit and low in calories and caffeine. Ingredients include a "flavor n... Continue reading ...
Posted by Turgut Ziyal on Wednesday, August 4, 2010,
In :
beverages
Over the past few years, an increasing number of consumers have reached for a bottle of Vitaminwater after a workout. The sports drink has emerged as a serious competitor to Gatorade and other noncarbonated beverages, so much so that Coca-Cola forked over $4.2 billion in cash to buy the brand from Glaceau back in 2007. On its July 21 earnings call, Coke CEO Muhtar Kent was particularly bullish about Vitaminwater, which is now being sold in 15 markets worldwide, including France, China and Sou... Continue reading ...
Posted by Turgut Ziyal on Wednesday, July 7, 2010,
In :
beverages
Beer brands in the US need to ensure they appeal to consumers on an emotional and cultural level, a new study has found.Iris, the agency, conducted a survey of 500 adults in the country, in order to assess their feelings about 150 brands in 15 categories. Overall, 61% of respondents were looking for "cultural relevance" when choosing which beer to buy, as well as certainty about the quality of the product. An emotional connection was also regarded as a vital characteristic of the best products... Continue reading ...
Posted by Turgut Ziyal on Wednesday, June 30, 2010,
In :
beverages
Following on the tremendous success of NUVO, the ultra-premium, imported pink sparkling liqueur, Diageo, the world's leading premium drinks company, announced today that it has increased its ownership interest in London Group, the joint venture that owns NUVO, making Diageo the majority partner with a stake of approximately 70 percent.
In April 2007, Diageo made a minority investment to launch NUVO with Raphael Yakoby, a New York entrepreneur who previously developed the Hpnotiq brand. In ... Continue reading ...
Posted by Turgut Ziyal on Friday, June 11, 2010,
In :
beverages
Danish brewer Carlsberg is looking for further acquisitions in Asia after raising its stake to nearly 30 percent from from 17.5 percent in the Chinese brewer Chongqing Brewery Co Ltd , the group's chief financial officer said on Thursday.
Mr.Jensen, the CFO of Carlsberg, said Carlsberg has a strong foothold in western China, and it will be looking eastwards for further acquisitions "though not necessarily all the way to the coast." He added that Carlsberg was not interested in buying brewi... Continue reading ...
Posted by Turgut Ziyal on Tuesday, May 25, 2010,
In :
beverages
PepsiCo plans to invest US$2.5bn in its food and beverage businesses in China over the next three years. This investment is in addition to a $1bn investment pledged in 2008, which will be completed this year. The money will be spent on new manufacturing facilities, the company's research and development operations, expanded agricultural development and brand building.
PepsiCo plans to open 10-12 plants in China to manufacture soft drinks, non-carbonated beverages and snacks and will install... Continue reading ...
Posted by Turgut Ziyal on Monday, April 12, 2010,
In :
beverages
Tata Tea Ltd has informed that the Board of Tata Tea Ltd approved a non binding Memorandum of Understanding with PepsiCo Inc. on April 09, 2010, with the intention of exploring the formation of a Joint Venture in the area of non-carbonated ready-to-drink beverages, focused on health and enhanced wellness.
Definitive agreements for the Joint Venture are intended to be finalized over the next few months. The proposed Joint Venture is not intended to conflict with any existing arrangements of ... Continue reading ...
Posted by Turgut Ziyal on Wednesday, March 24, 2010,
In :
beverages
Coca-Cola’s strong performance in the recession has been demonstrated with figures showing £1 bn in retail sales for ‘Coca-Cola’, ‘diet Coke' and ‘Coke Zero’ over the last year in Great Britain. It is the first ever time that the combined sales of the three Coke brands have broken through the £1 bn barrier.
The record-breaking performance comes despite the tough economic climate and fall in consumer confidence over the last year. And confirms that cash-strapped consumers are stil... Continue reading ...
Posted by Turgut Ziyal on Monday, March 22, 2010,
In :
beverages
PepsiCo CEO Indra Nooyi detailed her vision for growth at the start of a two-day investor meeting in New York.
Nooyi said a key priority moving forward is to restore its North American beverage business to sustainable, profitable growth, starting this year.
Regarding higher-growth emerging markets, such as China, India, Russia and Brazil, Nooyi said Pepsi plans to invest aggressively to reach leadership or competitive parity.
On a worldwide level, Nooyi said PepsiCo is targeting mid-single... Continue reading ...
Posted by Turgut Ziyal on Wednesday, March 17, 2010,
In :
beverages
PepsiCo announced today it is voluntarily adopting a new global policy to stop sales of full-sugar soft drinks to primary and secondary schools by 2012. The industry-leading policy establishes for the first time a consistent global approach to the sale of beverages to schools by a major beverage company.
The policy applies in all countries outside the United States, and is generally consistent with the company's existing U.S. policy, which remains unchanged.
PepsiCo Chairman and CEO Ind... Continue reading ...
Posted by Turgut Ziyal on Friday, March 5, 2010,
In :
beverages
PepsiCo has agreed to set up a ‘Chinese wall’ to ensure that the acquisition of its two largest bottlers does not jeopardise competition with rival Dr Pepper Snapple.
To close its $7.8bn acquisition of Pepsi Bottling Group and PepsiAmericas, PepsiCo agreed to the Federal Trade Commission (FTC) requirement that it prevent sensitive information being accessed by any of its employees who are in a position to use that information against Dr Pepper Snapple. Pepsi Bottling Group and PepsiAmer... Continue reading ...
Posted by Turgut Ziyal on Tuesday, March 2, 2010,
In :
beverages
The world's No. 2 soft-drink maker, which on Friday closed its $7.8 billion purchase of Pepsi Bottling Group and PepsiAmericas, also said it still expected earnings to grow 11 percent to 13 percent on a constant-currency basis in 2010 from $3.71 per share last year.
Pepsi archrival Coca-Cola Co surprised Wall Street last week with a similar move to buy the North American operations of bottler Coca-Cola Enterprises Inc.
Bringing the bottlers in-house will speed up distribution to major reta... Continue reading ...
Posted by Turgut Ziyal on Thursday, February 25, 2010,
In :
beverages
The Coca-Cola Company and Coca-Cola Enterprises Inc. announce that they have entered into agreements that will strategically advance the Coca-Cola system in North America and drive long-term value for all shareholders. In addition, the parties have an agreement in principle to expand CCE's European business. "Our 2020 Vision calls for decisive and timely action to continuously improve and evolve our global franchise system to best serve our customers and consumers everywhere. Consistent with ... Continue reading ...
Posted by Turgut Ziyal on Thursday, February 18, 2010,
In :
beverages
Shares of Starbucks are gaining steam after the Associated Press’s Ashley Heher reports Burger King executives said they’ll add Starbucks coffee to the menu to rival McDonalds.
The Starbucks brew will replace Burger King’s “BK Joe” brand, introduced five years ago, Heher reports. Terms of the deal were not disclosed. Heher notes that Seattle’s Starbucks has been looking to promote its lesser known “Seattle’s Best” brand. The company signed Subway stores to carry the coffee ... Continue reading ...
Posted by Turgut Ziyal on Monday, February 15, 2010,
In :
beverages
Pernod Ricard announces that it has signed an agreement to sell a number of Swedish and Danish assets to Altia for a cash consideration of SEK 835 million, or Euro 82 million at current exchange rate.
The transaction includes:
- A number of local wine and spirits brands including in particular Explorer vodka, Lord Calvert whisky, 1 Enkelt bitter, Blossa glögg and Chill Out wines,
- A bottling facility located in Svendborg, Denmark.
- Two logistic centres located in Odense, Denmark and Årst...
Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
beverages
Nestle, the world's biggest food group, said Saturday it will invest 5 billion pesos ($390 million) in Mexico over the next three years to increase coffee processing capacity, part of a $1 billion expansion plan.
"The majority of these 5 billion pesos will be invested in the Nescafe instant coffee processing plant," Nestle said in a statement, adding that the investment would increase capacity by 40 percent at the factory in Toluca near Mexico City.
Mexico, a major world coffee producer, has ... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
beverages
Britain´s leading fine wines and spirits merchant, Berry Bros. & Rudd (BB&R), today announced that it has finalised an agreement under which it will sell the Cutty Sark blended Scotch whisky brand to The Edrington Group. Under the deal, BB&R will acquire The Glenrothes single malt brand from Edrington, which has signed long-term supply agreements to provide whisky fillings and stocks to BB&R. Edrington will retain ownership of The Glenrothes distillery.
The transaction will also involve Edri... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
beverages
Japanese beer makers Kirin Holdings and Suntory on Monday scrapped a plan to create one of the world's largest food and beverage makers, failing to agree on how much say Suntory would have in the merged firm and sending Kirin's shares down 8 percent.
The talks were never seen as a done deal, with much of the focus on how Kirin would value privately held Suntory and how large a stake Suntory's founding family would take in the merged company, which would have had annual sales of $40 billion.S... Continue reading ...
Posted by Turgut Ziyal on Friday, December 18, 2009,
In :
beverages
Coca Cola France has reformulated FANTA STILL only three months after the French government approved a form of the natural sweetener. France is the first European country to approve a stevia sweetener under a rule allowing member states to approve ingredients for a limited two year period, before the European Food Safety Authority (EFSA) gives full EU approval. The French decision to give the green light to 97 per cent purity rebaudioside A (Reb A) came in September, but food and drink m... Continue reading ...
Posted by Turgut Ziyal on Wednesday, December 2, 2009,
In :
beverages
British drinks giant Diageo Plc plans to eventually brew its Guinness beer in South Africa now that its new joint venture brewery near Johannesburg has started up, but local production is still some years off.
The new brewery at Sedibeng, south of Johannesburg, built by Diageo and Heineken started brewing its first Amstel and Windhoek beers four weeks ago, and is expanding to compete against the dominant local brewer SABMiller Plc .
"Our intention is to build the Guinness brand in South Afr... Continue reading ...
Posted by Turgut Ziyal on Wednesday, December 2, 2009,
In :
beverages
New research from Mintel forecasts a positive reversal of fortune for this year’s wine sales.
Finally, some news to which retailers can drink: After declining 3.2 percent last year, U.S. wine sales are expected to grow 2.1 percent in 2009, as America finally puts the worst of the recession behind it.
Despite last year's slump, research from Mintel International Group, Chicago, indicates the wine market expanded 20 percent between 2004 and 2009, thanks to strong growth in the value s... Continue reading ...
Posted by Turgut Ziyal on Monday, November 30, 2009,
In :
beverages
With control over 100 juice companies in more than 145 countries, many acquired in the past 10 years, Coca-Cola is the world’s largest seller of juice. Now, the company has announced plans to create unified global packaging for juices. Coke's repackaging follows main rival PepsiCo's recent abandonment of a Tropicana redesign, in the faced of widespread customer resistance. Coca-Cola is undeterred: juices will keep their names, but eventually be given the black labels associated with Minute ... Continue reading ...
Posted by Turgut Ziyal on Friday, November 20, 2009,
In :
beverages
The drinks giant said its PlantBottle containers were beginning to hit retail shelves across the world, with a planned production target of two billion by the end of next year. Hailing the move as a “major step along our sustainable packaging journey”, chairman and CEO Muhtar Kent said Coke was the first to bring to market a recyclable PET plastic bottle made partially from plants. But company said the level of plant material in the bottle differs from country to country. “While the bio... Continue reading ...
Posted by Turgut Ziyal on Friday, November 20, 2009,
In :
beverages
The world’s leading drinks manufacturer said the homogeneous packing design would act as a “new visual identity for key brands in the company's extensive family of juice beverage” and would be implemented across all its core brands.
"The scale and magnitude of this worldwide rebranding effort is significant for our juice business," said Guy Wollaert, general manager, at Coke's global juice center. "Our new, uniform packaging design system unites key brands in our juice portfolio, incl... Continue reading ...
Posted by Turgut Ziyal on Tuesday, November 17, 2009,
In :
beverages
Global beverages group, The Coca-Cola Company, has told investors and analysts of their plans to more than double revenue by 2020.
The company outlined the “6 Core P’s” of its vision, which will be the focus for the coming decade. These include: profit, people, portfolio, partners, planet, and productivity. Included within these categories are goals to more than double system revenue by 2020 while increasing margins, be the leading nonalcoholic RTD business in every market and every ca... Continue reading ...
Posted by Turgut Ziyal on Thursday, October 29, 2009,
In :
beverages
AMSTERDAM: Heineken, Europe's biggest brewer, plans to continue "investing in its key brands" in an effort to drive growth, but is also hoping to achieve greater marketing "efficiencies" as part of its broader cost-cutting programme. During the last quarter, the world's third-biggest beer manufacturer saw its revenues fall from €4.24 billion to €4.07bn ($6.2bn; £3.8bn) on an annual basis, with organic volumes down by 4.7%. More specifically, like-for-like volumes declined by 4.6% in Europe... Continue reading ...
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About This Blog:
| getfoodnews |
| Turgut@Getfoodnews.Com |
In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document.
I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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