Suntory Beverage & Food Ltd. plans to spend some ¥500 billion (US$5 billion) on mergers and acquisitions to expand its operations abroad, the president of the Suntory group’s soft drink unit, which listed its stock this week, said Friday. The company, which debuted Wednesday on the Tokyo Stock Exchange, will consider promoting M&As; in emerging markets in such regions as Asia and Latin and South America, Nobuhiro Torii said.
Boston Beer Company, which owns the Samuel Adams beer brand, is defending the omission of the reference to God in an ad featuring words from the Declaration of Independence. In a statement, the Boston Beer Company says it was just trying to follow a code implemented by the trade group, The Beer Institute, which is based in Washington, D.C., and represents 2,800 breweries. (ABC News)
Beverage giant Coca-Cola is releasing a new bottle for its iconic soda made completely of ice. So far, it is only being sold on some beaches in Colombia, but a news release from Coca-Cola implies it may be appearing in other countries soon. (WTAJ)
Constellation Brands Inc, the world's largest wine company, posted lower-than-expected quarterly earnings on Tuesday after higher grape costs hurt margins. Yet the maker of Robert Mondavi and Ravenswood wines raised its forecast for the full fiscal year, saying more attractive financing terms for its recent beer acquisition should lead to lower interest expense. Its shares fell 0.3 percent to $53 in early trading. (CNBC)
Authorities are offering a $5,000 reward for information about the theft of $1.1 million worth of an expensive brand of vodka. The company claims that it is one of the most expensive types of vodka in the world and has a 24-carat gold logo. It sells for anywhere from $250 to $300 in liquor stores in Florida and Los Angeles where it is marketed in the U.S. In nightclubs it can cost as much as $1,200. (ABC News)
Single malt Scotch whisky makers Glenfiddich have created a limited edition expression which will tour the UK as part of the company's support for military charity Walking With The Wounded. The cask of 29 year old single malk whisky is called Spirit of a Nation. At each location it is displayed people will be invited to write messages of support for Team Glenfiddich, the UK team which the company is sponsoring in an Antarctic race to raise funds for the charity. (UK Fundraising)