News Briefs for January 15, 2016January 15, 2016
•Suntory Holdings president and CEO Takeshi Niinami has ruled out a bid for the Peroni and Grolsch beer brands, which have been put on the block by Anheuser-Busch InBev as part of its pending acquisition of SABMiller. Speaking to reporters in Tokyo, Niinami said Suntory will continue to focus on integrating Beam, which it acquired in 2014 for $16 billion, a process that could take a further three to four years. Niinami also reiterated his goal to double Beam Suntory’s EBITDA by the end of 2020.
•The Pennsylvania Liquor Control Board (PLCB) posted a 3.8% rise in sales to $1.3 billion for the six months through June, representing the first half of its fiscal year. The increase was driven by a record month of December, in which sales advanced 5% to $310 million, bolstered by an 11% jump in special-order items.
•Napa’s Delicato Family Vineyards (DFV) has promoted Michael Jackson to executive vice president, sales and marketing, and appointed Jim Russell as vice president of sales. Reporting directly to Jackson, Russell comes to DFV from C Mondavi & Family, where he held the same position. Jackson was previously senior vice president of national sales and has been with DFV since 2000.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.