Tag Archive | "Australia"

Australian Vintage In Talks On Joint Venture

Australian Vintage In Talks On Joint Venture

AUSTRALIAN VINTAGE, formerly known as McGuigan Simeon, says it is in discussions with the drinks company Constellation Brands to pour some of its assets into a joint venture. The US-based Constellation owns Australia's second-largest wine business, Hardy. The two companies have discussed combining their Australian and British wine operations. In exchange, Australian Vintage would receive a substantial interest in the new entity. It described the talks as preliminary. [...more]

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Costa Browne $40 Million Deal

Costa Browne $40 Million Deal

Kosta Browne, a small Sebastopol winery that has become one of the state's most coveted producers of high-end pinot noir, has struck a deal estimated at almost $40 million to sell a controlling interest to a high-powered Sonoma investment group. The winery, whose owners got their start while pooling tip money from their restaurant jobs, completed the deal Friday with the Vincraft Group. The agreement will allow some of the winery's original investors, mostly friends and families, a chance to cash out their investments, said Dan Kosta, who is partners with Michael Browne and Chris Costello. Business management and operations won't change [...more]

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Fosters Group 2009 Results – Sales Up, Profits Up in very challenging Markets

Fosters Group 2009 Results – Sales Up, Profits Up in very challenging Markets

Business Highlights "In a challenging global economy, today's result stands as a reminder of the continuing strength of Foster's. "The Australian beer, cider and spirits business, now known as Carlton & United Breweries, returned an excellent result. "Australian beer volumes were up in a good domestic market and we continue to leverage our leading innovation program for strong earnings growth. "Wine Review related initiatives are on track and there is an extraordinary amount of activity underway. However the wine category is bearing the full brunt of a lack of consumer confidence brought on by global economic conditions. "Wine returns are not where we want them to be, but it remains a profitable business, producing exceptional quality wines and continues to generate solid cash flows. "Overall, our brands are in very good shape, holding their own in a tough consumer environment. "Foster's took write downs today of $397.6 million associated with the Transformation Program, well within the range forecast in February. "Foster's balance sheet is strong, we have conservative gearing, good cash reserves and substantial committed undrawn bank facilities. "Foster's business strength, change momentum and strong brand health give me the confidence that the business is in good shape now, and that better is to come." [...more]

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Frucor is cleared to take over NZ rival Simply Squeezed

Frucor is cleared to take over NZ rival Simply Squeezed

Frucor Beverages, the local unit of Japan's Suntory Holdings, gained regulator approval to acquire rival juice business Simply Squeezed. Frucor is New Zealand's second-largest non-alcoholic drink company in New Zealand after Coke bottler Coca-Cola Amati, with brands including Just Juice, Fresh Up, Arano, Citrus Tree and McCoy. Hawkes Bay-based Simply Squeezed producers Simply Squeezed, Allganics, Supreme Country Style and Bay Harvest brand drinks. [...more]

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Australia: Business Development Executive

Australia: Business Development Executive

We now have an exciting opportunity for proven sales professional to join the Carlton United Breweries' (CUB) sales team. Our team works across an enviable portfolio of brands including Pure Blonde, Cascade, Cougar Bourbon, SKYY Vodka, Strongbow, Crown Lager, Carlton Draught and Victoria Bitter. Managing a portfolio of accounts, you will be responsible for the achievement of volume sales, brand development and trade liaison objectives within the Kalgoorlie region. You are an innovative, passionate and dedicated individual, looking for a high-performance culture and a business that is committed to attracting and retaining highly skilled people. Ideally you are tertiary qualified and have previous experience in the liquor channel, FMCG or field sales. You will have: * Proven selling and negotiation skills * Strong financial acumen * Exceptional drive for results * Excellent communication skills * Dedicated customer focus * A current and valid driving licence * Sound computer skills [...more]

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Asia Pacific Breweries profits up 39% in Q3

Asia Pacific Breweries profits up 39% in Q3

Asia Pacific Breweries Ltd (APB) today announced an attributable net profit after exceptional items (ANP) of S$51.9 million for the third quarter ended 30 June 2009 [...more]

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Mike Holden appointed to senior VP Sales for Fosters Estates

Mike Holden appointed to senior VP Sales for Fosters Estates

Foster's Wine Estates has announced the appointment of Mike Holden to the position of Senior Vice President of Sales. In this role, he will lead a team that is responsible for all US sales activities of Foster's fine wine portfolio. [...more]

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Bacardi to launch 42 Below’s Seven Tiki in the UK

Bacardi to launch 42 Below’s Seven Tiki in the UK

From the South Pacific comes SEVEN TIKI(R) Spiced Rum, a Fijian rum with spices and other natural flavors. This premium spiced rum is made from the molasses of choice Polynesian sugar cane, exotic spices and virgin water drawn from deep beneath the Fiji's volcanic highlands. [...more]

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Russian Standard Vodka to launch in Australia

Russian Standard Vodka to launch in Australia

A BATTLE is looming in the (Australian) $480 million vodka market when the first global Russian vodka brand launches here next month and challenges the purity and country of origin of rivals in its marketing. [...more]

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What Credit Crunch? Fosters release $70 Bottle of Aussie Beer!

What Credit Crunch? Fosters release $70 Bottle of Aussie Beer!

It comes in a champagne-style bottle, is best drunk from a wine glass, and costs $70 a bottle. It's in the Queen's cellar; and the maker says it has traces of vanilla and curry leaf, with hints of honey and passionfruit. [...more]

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Jacobs Creek named Number One Winery in the World

Jacobs Creek named Number One Winery in the World

Jacob’s Creek has been named the number one winery in the world for 2008 based on the wines receiving 219 awards at major shows around the world in 2007/08. [...more]

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Little Creatures extends distribution agreement in UK

Little Creatures extends distribution agreement in UK

UK Cider maker Aspall has extended its partnership with Australian brewer Little World Beverages, to distribute Little Creatures premium alcoholic drinks throughout the UK. [...more]

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