PepsiCo Inc. doesn’t plan to heed a proposal by Trian Fund Management LP’s Nelson Peltz, who is urging the soft-drink maker to purchase Mondelez International Inc. (MDLZ), according to a person with knowledge of the matter. PepsiCo also is unlikely to split its global beverage business from its global snacks business, said the person, who asked not to be identified because the company’s dealmaking is handled privately. (Bloomberg)
Scottish whisky distillery has bagged funding from the Green Investment Bank to build a biomass boiler. The Tomatin Distillery near Inverness was awarded £576,733 (US$875,000) from the UK’s green lending body. (Energy Live News)
Heaven Hill Distilleries, Inc., the nation’s largest independently owned and operated distilled spirits producer and the world’s second largest holders of aging bourbon, announced a new project to raise funds for The ALS Association in honor of Heaven Hill master distiller Parker Beam, who was recently diagnosed with Amyotrophic Lateral Sclerosis (ALS), or Lou Gehrig’s Disease. Called “Master Distillers’ Unity” the project will create a never-before-seen blending of bourbon from all the major Kentucky heritage distilleries in a special crystal two bottle set, which will be offered at the Bonham’s Whisky, Cognac and Rare Spirits auction in New York City on Oct. 13.
Utah restaurants are wrestling with a new law requiring those who serve alcohol to confirm that customers intend to order food and not just drink. Servers find it "extremely awkward" and "annoying" to ask people if they plan to eat, said Julie Wilson, Deer Valley Resort food and beverage director. It's obvious, she said, that people who come in intend to have a meal, especially if they've made reservations. Wilson told the Business and Labor Interim Committee on Wednesday that the Legislature should get rid of the "intent to dine" rule. (Deseret News)
Newcastle Brown Ale has announced that it is bringing back its popular Newcastle Werewolf limited edition brew just as the heat of summer fades to the cooler days of fall. On shelves from August through October, Werewolf is what brand marketer Heineken USA calls a dual-character, “blood red” ale that starts smooth and mellow and transforms suddenly to offer a bite of bitterness that is long and lingering.
Rhode Islanders can raise a toast to the repeal of an old blue law banning spirits tastings at liquor stores, according to the Distilled Spirits Council which praised Governor Chafee for signing legislation yesterday allowing consumer spirits tastings. The Council called the move the latest in a trend of liquor law modernizations around the country. “States across the country are updating their liquor laws to reflect modern convenience and demand,” says DISCUS vice president Jay Hibbard, noting that Rhode Island becomes the 11th state since 2009 to allow spirits tastings at liquor stores for a total of 38 states. “Spirits tastings are a responsible marketing tool that generates revenue for the state by boosting consumer interest in premium products. We applaud Governor Chafee for signing this bill which benefits consumers, small businesses and the State Treasury.”