Headlines

Beverage World presents the latest news from across the worldwide beverage market.

Birra Moretti Marks National Pizza Month

October marks National Pizza Month and Birra Moretti is celebrating the iconic Italian dish in a big way. Last week the Heineken-owned Italian beer brand launched the "Moretti Loves Pizza” video contest in which participants have a chance to win the grand prize: a trip for two to Tuscany, Italy and a VIP cooking experience at the Toscana Saporita Cooking School with acclaimed chef Sandra Lotti.

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Investment Firm to Buy Columbia Distributing

An investment firm controlled by the family of hedge fund manager James Simons will buy Portland-based Columbia Distributing, one of the nation's largest beverage distributors. The company -- which distributes beer, wine, spirits and some non-alcoholic drinks -- said it would be acquired by Meritage Group LP and that its operations wouldn't change. The price was not disclosed. (The Oregonian)

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Whisky Could Fetch $250K at Auction

A luxury bottle of rare whisky lovingly distilled over 54 years is going under the hammer in a city auction house next week with an estimated price tag of up to £150,000 (US$242,000). The cost of one nip would pay for a ticket on a luxury cruise liner – the bottle would buy you a house. The Bowmore 1957, being sold at Bonhams on Queen Street, is tipped to break UK records as the most expensive bottle of whisky ever sold at auction – and experts believe it may even best the current world record. (Edinburgh Evening News)

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CCA Posts 5.6 Percent Q2 Profit Gain

Coca Cola Amatil's latest shareholder report has revealed improved trading in the second quarter of 2012, resulting in a 5.6 percent growth in net profit to $247.1 Million. In what is said to be a 'difficult trading season,' the company also managed 3.1 percent volume growth and an earnings before interest tax (EBIT) growth of 4.9 % in its Australian markets. (Australian Food News)

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Puerto Rico Rum Supplier Sues Diageo

The Puerto Rico company that used to supply Diageo with rum for its Captain Morgan brand before Diageo moved production to St. Croix is suing Diageo North America, alleging breach of contract. Destileria Serralles, Inc. filed the lawsuit in federal court in Puerto Rico on Wednesday, demanding a jury trial and more than $5 million in damages. (Virgin Islands Daily News)

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