Headlines

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

Muhtar Kent: Capitalism Needs to Evolve

n order to address the current lack of global CEO confidence, Coca-Cola's CEO Muhtar Kent says capitalism needs to be transformed. "We in business are frustrated," Kent recently told CNN's Richard Quest in Davos, Switzerland. "Policymakers are frustrated because we haven't made sufficient progress to evolve our model -- to come through with a better solution of issues of governance, of confidence." (CNN International)

Read more...

SABMiller JV to Buy China Brewery

SABMiller Plc’s joint venture in China agreed to pay HK$6.6 billion ($851 million) for beermaking assets from Kingway Brewery Holdings Ltd. to boost its share of the world’s biggest market for the beverage. China Resources Snow Breweries Ltd., which SABMiller co- owns with government-backed China Resources Enterprise Ltd., will acquire Kingway’s production and sales business, including seven breweries, it said yesterday in a statement. Kingway shares rose to the highest in almost six years. (Bloomberg)

Read more...

Regulator Greenlights Diageo-United Deal

Diageo’s move to snap up a majority stake in Vijay Mallya’s United Spirits (USL) has got some extra momentum after the market regulator gave its green light to the former’s proposed open offer. (Daily News & Analysis)

Read more...

Brewers Association Honors Two Congressmen

Citing tireless work on behalf of America’s small and independent craft brewers, the Brewers Association (BA) presented two United States Congressmen with the organization’s Legislator of the Year Award. Reps. Jim Gerlach (R-Pa.) and Richard E. Neal (D-Mass.) were recognized for their stewardship of the Small Brewer Reinvestment and Expanding Workforce Act (Small BREW Act). The awards were presented at a ceremony today in Washington, D.C., by Bob Pease, chief operating officer of the Brewers Association; Jim Koch, co-founder and chairman of Boston Beer Company; and Bill Covaleski, founder and brewmaster of Victory Brewing Company and president of the Brewers of Pennsylvania.

Read more...

Beefeater to Open London Visitors Center

Beefeater Gin is to open London’s first ever gin distillery visitor center. The development at the historic Beefeater gin distillery in Kennington will open later in 2013 and, for the first time, will offer visitors to the capital a chance to see a world famous gin brand being made and learn about the esteemed history of London gin. Capitalizing on the recent renaissance for gin in the UK capital, the new experience, named “Beefeater London – The Home of Gin”, will offer guests the opportunity to learn about the history of gin through a series of interactive showcases and see, touch and smell the botanicals used within the production process. The experience will culminate in the opportunity to watch the live gin production process in the distillery’s cathedral-like still house.

Read more...

Dos Equis Extends Cinco de Mayo Season

This spring, Dos Equis is extending the season of Cinco de Mayo with a 5-week program that includes exclusive content and inspiration taken from chapters of the Most Interesting Man in the World’s unpublished memoirs. This collection of rituals, feasts and adventures will encourage adult shoppers and on-premise patrons, age 21 and older, to create and share their own legendary experiences as they prepare for their Cinco de Mayo celebration.

Read more...