Tag Archive | "russia"

Coca-Cola Eyes Russian juice maker Nidan: sources

Coca-Cola Eyes Russian juice maker Nidan: sources

The deal would allow Coca-Cola, the world's largest soft drink maker, to take over a leading position on the Russian juice market from rival PepsiCo (PEP.N), which together with Pepsi Bottling Group Inc (PBG.N), owns Russia's largest juice maker Lebedyansky. Lion Capital bought a 75 percent stake in Russia's fourth-largest juice maker in 2007 and is now offering to sell it, two sources close to Nidan Soki told Reuters. "Coca-Cola is one of the pretenders," a source close to the deal participants said. Another source, familiar with Lion Capital's plans, said that the fund had been looking for a buyer since November 2009, adding that "the deal between Nidan and Coca-Cola is very likely this year." Coca-Cola owns Russian juice maker Multon, through which it controls nearly 22 percent of the Russian juice market, according to research group Business Analitika. [...more]

News, Non-Alcoholic Comments (0)

Last Drinks Called For Russian Black Market Vodka

Last Drinks Called For Russian Black Market Vodka

MOSCOW. Russia has imposed a new minimum legal price for vodka in a bid to hinder the sale of cut-price black market moonshine blamed for the deaths of thousands of Russians every year. A new law came into force on New year's Day stipulating that the minimum price of a half-litre bottle of vodka is 89 roubles ($A3.25). The measure is aimed at preventing the sale of black market vodka, which is often made from dubious ingredients but sold at rock-bottom prices. Officials hope the move will protect both the health of Russians and also legal vodka producers, who in common with almost every industry in the country have been hit by the economic crisis. According to the Interfax news agency, sales of black market vodka account for one-half of all sales of the drink in Russia. Alcohol abuse kills about 500,000 Russians annually. [...more]

News, Spirits Comments (0)

Russia Sets Minimum Price For Vodka

Russia Sets Minimum Price For Vodka

The price of the cheapest vodka on the Russian market more than doubled as the government set a minimum price in an effort to fight rampant alcoholism. Drinking causes an extraordinary number of deaths in Russia, where male life expectancy is about 60 years, and it contributes to an array of economic and social problems. [...more]

News, Spirits Comments (0)

State Accuses Brewers of Spiking Their Beer

State Accuses Brewers of Spiking Their Beer

The country's top drug and alcohol specialist on Friday accused brewers of adding pure alcohol to their products, a charge rejected by firms in their latest spat with regulators. "In general, [Russian] beer and canned low-alcohol cocktails are a pure chemical weapon. Alcohol is added at a certain stage ... to make it stronger," said Yevgeny Bryun, the Health and Social Development Ministry's top substance-abuse official, Interfax reported. The government has tripled excise duties on beer as part of President Dmitry Medvedev's campaign to curb alcohol abuse, a measure that brewers complain will lead to mass layoffs. [...more]

Beer, News Comments (0)

Carlsberg’s Russian Sales ‘Higher Than Predicted’

Carlsberg’s Russian Sales ‘Higher Than Predicted’

Carlsberg's sales in Russia for the fourth quarter of 2009 are to be higher than previously expected, the company has announced. Russian beer excise duty is to increase 200 per cent from the start of next year, causing Russian Carlsberg fans to stock up on their favourite beer this month. Carlsberg expects that this will increase its operating profit by around DKK300 million (£35.8 million). The company said that this, in turn, will push its operating profit for the year to "at least DKK9.3 billion" (£1.1 billion), which is DKK3 billion more than previously predicted. [...more]

News Comments (0)

Baltika Launches Beer For Women

Baltika Launches Beer For Women

Baltika Breweries is to launch a beer for women. Named Eve, the drink will have a low ABV (3.1%) and is to come in two flavours: grapefruit and passion fruit.
The drink is to launch in late December and it has been created by the Carlsberg Group. The manufacturing process involves the addition of fruit juice to a malt base. Ludmila Yakushina, Baltika's brand director licence, LAB & non-beer brands, said: "In releasing this product into the market, we are pursuing several goals. [...more]

Beer, News Comments (0)

Russia Proposes Tripling Tipplers – Beer Tax

Russia Proposes Tripling Tipplers – Beer Tax

In a move which will triple beer duties there, the cash-strapped Russian Government hopes to fill its coffers to the tune of 65 billion roubles or €1.5 billion through a tax hike on beer. But according to one global brewer, the move could also result in 100,000 workers losing their jobs and prompt the brewery to relocate its breweries out of Russia. [...more]

News Comments (0)

Baltika to launch Arsenalnoe in Chile

Baltika to launch Arsenalnoe in Chile

Baltika Breweries is increasing its presence in Latin America In mid-October a container with 0.5 liter glass bottles of Arsenalnoe Traditional beer was shipped from Sea Port of Saint-Petersburg to Chile. The total volume of the shipment was 10,000 liters. Such beer shipment by sea takes a month and a half on average. Arsenalnoe Traditional […] [...more]

New Products, News Comments (0)

Russian Government to triple excise duty on Beer

Russian Government to triple excise duty on Beer

The Russian government has approved a 2010 budget, which includes a plan to triple the excise duty on beer from the current 3 rubles (1 cent) last week. The changes are estimated to bring an extra 65.1 billion rubles ($2.2 billion) of revenues into government cash-flow budget in 2010. [...more]

News Comments (0)

Heineken H1 profits up by 13% – share price soars to 11 month high

Heineken H1 profits up by 13% – share price soars to 11 month high

BRUSSELS, Aug 26 (Reuters) - Heineken NV , the world's third-largest brewer, reported a better than expected rise in first-half operating profit on Wednesday, driven by price hikes and cost savings despite lower volumes. [...more]

News Comments (0)

Brown Foreman appoint Birte Syska as Nordic DF Mgr.

Brown Foreman appoint Birte Syska as Nordic DF Mgr.

Birte Syska replaces the promoted Olli-Pekka Lappalainen as Brown-Forman manager for the Nordic region [...more]

Announcements, News, People Comments (0)

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]

Announcements, New Products, News Comments (3)

Sunday, September 24, 3:23 am

Search by Tag