Distillers and Vintners


  • Jan 27- Chocolate maker Hershey Co is in late-stage talks to acquire Krave, a maker of healthy beef, turkey and pork jerky snacks, according to people familiar with the matter. The deal is expected to value Sonoma, California- based Krave at between $200 million and $300 million, the people said this week. It sells to retailers that include Target Corp, Vitamin Shoppe...

  • SYDNEY, Jan 8- Wildfires sweeping through southeast Australia are carrying with them the spectre of a silent killer for grapes growing in the nearby Adelaide Hills wine region. As fears grow that climate change is lengthening the time and severity of Australia's bushfire season, government funding to find a solution to the phenomenon is drying up.

  • SAFT ON WEALTH-Drink, don't hold, fine wine Wednesday, 31 Dec 2014 | 3:29 PM ET

    Fine wines, held by about a quarter of global high-net worth individuals, have had a bad few years as an investment, with the Liv-ex Fine Wine 100 index down about 35 percent since June of 2011, hurt in part by an anti-corruption campaign in China. A cyclical bad patch isn't the only argument for uncorking that first or- let's be honest- third bottle of fine wine on New...

  • SANTIAGO, Nov 28- Chilean wine producer Concha y Toro reported a 15 percent rise in core earnings in the third quarter, boosted by a favorable exchange rate and higher sales prices, the company reported on Friday. Concha y Toro, one of the world's biggest wine producers and the company behind the' Casillero del Diablo' brand, reported earnings before income, tax,...

  • SAN FRANCISCO, Nov 20- Claude Burns, who just earned a degree from MIT's Sloan School of Management, hatched what he thought was a great startup idea: a subscription business peddling craft beers. "Not only did I think it should work, but I'd always wondered why it didn't exist," said Gutierrez, who before MIT had helped run a boutique Napa winery. But entrepreneurs and...

  • CANBERRA, Nov 17- China and Australia will sign a free trade deal on Monday that will open up markets worth billions of dollars to Australian farm exporters and the services sector while loosening restrictions on Chinese investment in the resource-rich nation. The deal, which Chinese President Xi Jinping is due to sign in Canberra during a state visit to...

  • China and Australia to sign free trade deal Sunday, 16 Nov 2014 | 4:56 PM ET

    BRISBANE, Australia, Nov 17- China and Australia will sign a free trade deal on Monday that will open up markets worth billions of dollars to Australian exporters. The deal, which Chinese President Xi Jinping is due to sign in Canberra during a state visit to Australia, is more wide-ranging than many industries had anticipated, thanks to a last- minute breakthrough...

  • 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.

  • Take Benoit Perrot and brothers Matthieu and Antoine Mondesert, all in their early thirties, who last November founded Demain les Vins. Their business model combines selling with crowdfunding, an approach which this year will benefit Antoine Sunier, a 34- year-old who took up winemaking in the Beaujolais region after turning his back on telecoms.

  • 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.