Designated drivers in Australia are enjoying free soft drinks over the festive period in an attempt to reduce the instances of drink driving in the country.
Those driving wear wrist bands to make themselves known to the bar staff of participating pubs.
The scheme will run until January 3rd 2010 and has been welcomed by the Australian Hotels Association.
San Miguel Corp is poised to acquire a majority stake in Australasian packaging company Cospak Group as part of its expansion strategy in the region.
The Philippine food and beverage giant announced the takeover, to be carried out through its subsidiary San Miguel Yamamura Packaging International Ltd (SMYPIL), should be finalised by February 2010.
"SYMPIL hopes to make the Cospak Group the vehicle for its Australasian and rapidly growing export business," said San Miguel in a statement to the Philippine Stock Exchange. [...more]
Oversupply, weak consumer spending and unfavourable currency rates mean that Foster's Group wine business is still performing below expectations, the Australian firm has warned.
Foster's expects to take a hit of between AUS$80m (US$71m) and $90m on its half-year wine earnings due to currency, the group said in a trading update today (18 December).
Overall wine sales and earnings in the six months to the end of December will be below expectation, Foster's warned.
The weak performance comes in spite of the group's efforts to restructure its wine arm, which have included installing a new management team in the Americas and a plan to sell off more than 30 non-core vineyards and brands.
"The new management team in Americas is implementing the new strategy, however prevailing recessionary conditions remain challenging and are resulting in lower volume and net sales revenue," said Foster's.
It added that oversupply has hit sales in Australia and New Zealand. Tough conditions on the domestic wine market have overshadowed an in-line performance for the firm's separate beer business, Carlton &United Breweries. [...more]
The wine industry has hit a new low, as grape prices plummet. Grape suppliers to major companies Constellation, Fosters and Orlando Wines have been told they face a cut of about 30 per cent to contracts for next vintage. The change affects more than 1000 growers in inland regions, accounting for about-two thirds of Australia’s […] [...more]
AUSTRALIA's top brands took a hammering in the global financial crisis, with the value of some of the best-known names, such as Qantas and Foster's Group, plummeting.
More than $700 million was wiped off the airline's brand, according to a study by Brand Finance Australia.
Qantas, which includes Jetstar, fell out of the top 10 to No. 12, shedding 27 per cent in value in the year to the end of September.
Had it not been for its budget carrier's performance the picture would have been worse, said Brand Finance managing director Tim Heberden.
In the same period, Foster's fell four places to No. 5 and saw the value of its brands, which include VB, fall by nearly 14 per cent, as its struggling wine division held back its performance.
Woolworths rose one place to head the list. Westpac rose from eighth to No. 2 off the back of the St George merger, while Wesfarmers shot up from No. 48 to sixth place following the acquisition of Coles. [...more]
Barons Brewing (Australia) has signed an agreement to licence and distribute Outback Brewing's brands.
This is Baron's fourth licence acquisition this year and means that all of Outback's global sales will be controlled by the brewer, as will marketing.
"Barons is continuously striving to provide a more dynamic beer landscape to both retailers and consumers here in Australia and overseas," said Barons director Scott Garnett. [...more]
Kirin Holdings Co. (TYO:2503) plans to invest roughly 23 billion yen to support beer production in Australia and New Zealand through Lion Nathan Ltd., which became Kirin’s wholly own unit last month. Kirin is looking to upgrade production lines at breweries in Sydney and Brisbane, and build a new brewery equipped with a warehouse in […] [...more]
Winemaker Australian Vintage Ltd (ASX:AVG) is still in talks with US-based Constellation Brands Inc about the possibility of combining part of their operations in Australia and the United Kingdom.
Australian Vintage chairman Ian Ferrier told the company's annual general meeting on Wednesday it was too early to say if the talks would lead to a transaction. [...more]
BACARDI MARTINI and Lion Nathan's joint venture spirits business has extracted a 9 per cent sales increase from its suite of rum, gin, vodka and ready-to-drink mixes despite the Federal Government's alcopops tax and the growing popularity of premium beer.
Bacardi Lion recorded sales of $63.07 million for the year to September 30, 2008, up from $57.87 million the previous year and $58.3 million in 2003-04.
The Australian beverage alliance, formed in 2003, sells such well-known brands as Bacardi Superior Rum, Bombay Sapphire Gin, Dewar's Scotch, Grey Goose vodka, Grand Marnier and the popular premixed drinks Bacardi Breezer and Bacardi & Cola.
The joint venture's slim bottom line - a profit of $1 million for 2007-08, against $667,000 in 2006-07 - is due in part to royalties that Bacardi Lion pays its shareholders. [...more]
Rachel Cooper-Casserly has accepted a position in the marketing department and will report directly to her father, chairman and marketing director Glenn Cooper.
Ms Cooper-Casserly, who has previously worked with Tourism SA, kwp! and Delfin Lend Lease, said she was delighted to be working with the family company, founded in 1862 by former stonemason, Thomas Cooper.
"As a Cooper, it is understood that you have to establish yourself away from the brewery and may later be invited to join,'' she said.
"I am the oldest of the next generation and I would like to see quite a few more get the opportunity to eventually oversee the future of the company.'' [...more]
Australia's Coca-Cola Amatil (CCA) group managing director and executive director Terry Davis, has signed a new agreement extending his tenure at the company.
Mr Davis' previous contract was due to end on November 30th, 2011, but has now entered into a new employment agreement based on a 12-month rolling contract. [...more]
A short introduction to the Drinks Industry's Professional & Social Network - InDrinks.
To join InDrinks you need to be a member of LinkedIn. You can join the group here: [...more]