Beverage World presents the latest news from across the worldwide beverage market.
In 2012, the Latin America and Caribbean region represented 12 percent of Diageo's net worldwide sales and 11 percent of the company's operating profit. Diageo hopes Brazil will become one of its top three markets by 2017, behind the U.S. and the United Kingdom. (HispanicBusiness.com)
Read more...The UK's biggest pub landlord was hit by a plunge in beer volumes during the Olympics as punters stayed at home to enjoy the London 2012 Games. (msn money)
Read more...Poor grape harvests around the world could increase the cost of on an average bottle of wine in Britain by up to £1, Majestic Wine has warned. (The Telegraph)
Read more...The federal government is proposing to increase the minimum retail prices for hard alcohol, which may cause the price of vodka to skyrocket 36 percent starting Jan. 1. (The Moscow Times)
Read more...Starbucks Corporation last week purchased Teavana in a deal worth $620 million, signalling in yet another move that the company is serious to grow its business beyond coffee. Starbucks has already acquired Evolution Juice and La Boulange bakery chain for $30 million and $100 million respectively in the last twelve months. (MSN Money)
Read more...For most drinkers, the first taste of Jeppson's Malört tends to be the last. (WSJ)
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