Beam Inc. wants more vodka-imbibing Russians to drink Jim Beam and Maker's Mark whiskey. But in a campaign to help his people live longer, Russian President Vladimir Putin is pushing the biggest crackdown on alcohol since the Cold War. That could complicate Beam's efforts in a nation that's a cornerstone of its emerging-market strategy. (Bloomberg News via Chicago Tribune)
U.S. states that have a monopoly over their distilled spirits sales seem to charge slightly more for alcohol than states without such control, the so-called "license states," according to a U.S. study. As of February 2012, 18 control states in the United States set the price of liquor sold to their retail stores, and 13 of those also set the price for the general public. The other states sell liquor licenses to private business owners, who set their own prices. (Reuters)
New Belgium Brewing today announced that Tour de Fat, the traveling tour of bikes, beer and philanthropy, raised more than $500,000 for local nonprofits this year, the most money ever generated in one season. The money came from beer and merchandise purchases and the cars donated in each city through the car-for-bike swap. Now in its 13th season, Tour de Fat also broke the $2 million mark in total funds raised since its inception. The money from each stop goes to nonprofit organizations, generally in the world of bike advocacy, with money spent in a wide variety of ways, including trail maintenance, safety education, lobbying for better bicycle communities and a wide variety of other impactful initiatives.
Britain’s Diageo, which also owns Turkey’s largest distiller Mey İçki, is set to pick up a 51 percent stake in Indian liquor baron Vijay Mallya’s United Spirits this week in a transaction worth around $2 billion, a newspaper reported yesterday. The deal would involve the direct purchase of a portion of Mallya’s holding, the issue of fresh shares and an open offer to buy stock from public shareholders, India’s Mint business daily said. (Hurriyet Daily News)
Budweiser is on the verge of releasing a new, higher-alcohol line of beers, AdAge reports, which could be available in time to be promoted in a big commercial during the Super Bowl. The new line of beers will be called "Black Crown," and was first announced at a private meeting with investors in Budweiser parent company Anheuser-Busch InBev on Monday. Black Crown will likely to be available in stores by early 2013, about a year after the company unleashed its successful Budweiser Platinum, which also higher in alcohol than normal Bud. (Huffington Post)
Carlsberg AS Wednesday reported a decline in third-quarter profit, as the prior-year comparisons were benefited by special one-off items. Total revenues and volumes were up from last year. The Danish brewer said its quarterly performance was in line with its expectations and maintained its outlook for full-year 2012. Pro rata volumes of beer increased 2 percent to 34.1 million hectoliters and volume of other beverages improved 5 percent to 5.1 million hectoliters. Organic beer volume was flat with last year. (NASDAQ)