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Monthly Archive: August 2011

News Briefs for August 25, 2011

•According to Bordeaux trade group Le Conseil Interprofessionnel du Vin de Bordeaux (CIVB), the region is set to experience a 35% rise in annual turnover—from around €3.4 billion ($4.9b) to €4.6 billion ($6.6b)—within the next five years. Continue reading →

Posted in News on August 25, 2011

With DonQ On The Rise, Serrallés USA Eyes Wider Portfolio

Up to now, Puerto Rican rum maker Destilería Serrallés has derived the lion’s share of its business from its contract production of Diageo’s Captain Morgan. But with the Captain’s production being moved entirely to the U.S. Virgin Islands by next year, Serrallés is set to lose around 70% of its volume. Accordingly, the company is now shifting gears and investing to drive sales of its own rum brand, DonQ, in the U.S. market through its Serrallés USA unit. With that effort proceeding, Serrallés is also now eyeing partnerships and new brand introductions to broaden its U.S. portfolio. Continue reading →

Posted in News on August 24, 2011

News Briefs for August 24, 2011

•Guinness Black Lager will be making its debut across the U.S. market in September. Continue reading →

Posted in News on August 24, 2011

Treasury Americas MD Stephen Brauer On What’s Working, What’s Not In U.S.

Following up on Treasury Wine Estates’ full-year results, released yesterday, Shanken News Daily caught up with Treasury Americas managing director Stephen Brauer to get a closer look at what’s driving Treasury’s U.S. performance so far in 2011. Continue reading →

Posted in News on August 23, 2011

Defending Against SABMiller, Foster’s To Return Funds To Shareholders

In what appears to be an effort to thwart a hostile takeover bid by SABMiller, leading Australian brewer Foster’s says it will channel at least A$500 million ($523m) in cash to shareholders, potentially in the form of a share buyback or a reduction of share volume. Continue reading →

Posted in News on August 23, 2011

News Briefs for August 23, 2011

•Moët Hennessy-owned Glenmorangie Co has named former chief operating officer Paul Skipworth president and managing director. Continue reading →

Posted in News on August 23, 2011

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