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Beverages Distillers and Vintners


  • TOKYO, Oct 26- Japan's Suntory Holdings Ltd will need at least three years to bed down its integration with U.S. bourbon maker Beam and in the meantime it will not consider an initial public offering or any large-scale acquisitions, its president said. He also said there were no assets of "strategic interest" likely to come onto the market as a result of the planned...

  • SYDNEY, Oct 14- Australia's Treasury Wine Estates, the world's top standalone winemaker, will buy most of Diageo Plc's U.S. and British wine unit for $552 million, making a second tilt at the U.S. market after its disastrous retreat two years ago. Diageo has a portfolio comprising 80 percent "masstige" and luxury labels from its Napa, California base.

  • SYDNEY, Oct 14- Australia's Treasury Wine Estates, the world's biggest standalone wine maker, said on Wednesday it had agreed to buy the majority of Diageo Plc's U.S. and British wine operations for $552 million. Clarke has instead been eyeing acquisitions of higher quality, more profitable labels in the U.S. like those in the Diageo portfolio.

  • NEW YORK, Sept 21- Meal-kit company Blue Apron is starting a wine subscription service as the New York- based startup seeks to expand amid a crowded market for takeout alternatives. The move into wine marks the first major step Blue Apron has taken since it said it raised $135 million in funding in June, putting the company at a $2 billion valuation.

  • *Mindful of craft beer growth, Diageo and Pernod respond. LONDON, Sept 4- Small, independent distillers are popping up and taking market share but liquor giants like Diageo and Pernod Ricard say barriers to entry and the range of spirits already available will limit their impact. "The U.S. spirits market faces a growing threat of substitution," analysts at Credit...

  • MADRID/ LONDON, June 11- Spanish drinks company J.Garcia Carrion, owner of the Don Simon brand, is interested in finding a financial partner, a senior executive told Reuters on Thursday, as it seeks to boost its business internationally. The company, which claims to be the world's fifth-largest winemaker and Europe's fourth-largest juice producer, would prefer...

  • Supermarket sweep: What could lift Kroger shares Monday, 3 Nov 2014 | 12:37 PM ET
    A shopper outside a Kroger supermarket in Peoria, Illinois.

    Kroger has delivered 43 straight quarters of rising sales at stores open at least a year.

  • Food prices hit 4-year low, Russia ban hurts Thursday, 11 Sep 2014 | 8:20 AM ET

    The UN food price index has dipped to a four-year low as good weather has resulted in an oversupply of cereals and dairy imports have slowed.

  • US world's biggest wine market as France cut down Wednesday, 14 May 2014 | 1:22 AM ET
    Bottles of wine sit on a shelf at Ludwigs Fine Wine and Spirits on October 30, 2013 in San Anselmo, Calif.

    The U.S. became the world's biggest market for wine last year, beating France into second place for the first time.

  • Minimum wage windfall? States test the idea Tuesday, 14 Jan 2014 | 3:50 PM ET
    A worker puts together an order of Chicken McNuggets at a McDonald's restaurant in Little Falls, N.J.

    Companies and industries that rely on low-income spenders could see a boost to the bottom line thanks to rising wages in many American states.

  • L'Oreal on Nestle deal: 'This is business fiction' Friday, 30 Aug 2013 | 2:01 AM ET
    Jean-Paul Agon, chief executive officer of L'Oreal SA

    L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.

  • Vodka Reigns Supreme as 'Mad Men' Effect Fades Friday, 28 Jun 2013 | 8:12 AM ET

    If you couldn't be Don Draper on "Mad Men," you could at least drink like him, but now vodka is back as America's favorite.

  • Coca-Cola Enters 'Frontier Market' Myanmar Tuesday, 4 Jun 2013 | 4:47 AM ET

    As Coca-Cola unveiled its first processing plant in Myanmar, one analyst warned that the move into frontier markets could mean emerging markets are not as attractive to multi-nationals as they once were.

  • Nothing Easy About Fresh & Easy Wednesday, 17 Apr 2013 | 1:19 PM ET
    A customer carries Tesco-branded shopping bags as she leaves one of the company's stores.

    British grocery giant Tesco came to America nearly six years ago. Sadly for the British company, its invasion ended like the Revolutionary War.

  • Global Growth Creates US Jobs: General Mills CEO Thursday, 11 Apr 2013 | 3:54 PM ET

    The "astonishing" growth of the middle class in emerging markets is benefiting General Mills and creating jobs in the U.S., CEO Ken Powell told CNBC's "Street Signs" on Thursday.

  • Beer and Africa: A Recipe for Profit? Monday, 25 Mar 2013 | 9:56 AM ET

    One sector that is yet to be truly tapped in Africa is the brewing industry, according to research firm Bernstein Research, which believes it is probably the most attractive region for long-term profit growth for global brewers.

  • Despite Gains, Many Are Still Spending Less Tuesday, 12 Mar 2013 | 1:01 PM ET

    For many Americans, the improving economy has yet to take hold even as they hear about a stronger stock market and better jobs data.

  • Fine Wine: More Palatable Than Rollercoaster Stocks? Wednesday, 6 Mar 2013 | 8:37 AM ET

    Investors looking to move away from paper assets to something more tangible should consider fine wine, a specialist told CNBC on Wednesday, arguing that rare bottles have seen a steady rise in prices.