Beverage World presents the latest news from across the worldwide beverage market.

Growing Middle Class Feeds Latin America Spirits Biz

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)


UK Pubs Report Lower Profits

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)


Starbucks Puts a Greater Emphasis on Tea

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)