GO
Loading...

Beverages

More

  • Craft beer exports near $100 million Wednesday, 25 Mar 2015 | 3:18 PM ET
    Inside the Brooklyn Brewery, maker of Brooklyn beers.

    Craft beer is growing by double digits at home and it’s picking up momentum overseas as well, with exports rising 35.7 percent last year.

  • Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3 G Capital, will combine with Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. The deal deepens Buffett's hold on leading U.S. food brands, as well as that of 3 G founder Jorge Paulo Lemann, Brazil's richest man.

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is acquiring a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft were up more than 38 percent near $85 in morning trading. The deal would provide Heinz with access to Kraft brands, which it says are...

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form North America's third-largest food and beverage company. Brazilian private equity firm 3 G Capital and Warren Buffett's Berkshire Hathaway acquired Heinz for $23.2 billion in...

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form the world's fifth-largest food and beverage company. The combined company will have eight brands worth more than $1 billion each and five worth $500 million- $1 billion each, the...

  • Kraft Foods to merge with ketchup maker Heinz Wednesday, 25 Mar 2015 | 6:09 AM ET

    March 25- Kraft Foods Group Inc said it would merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, to form the third-largest food and beverage company in North America. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, which will be funded by Berkshire...

  • Most loved beer label contest: Underdogs to watch Tuesday, 24 Mar 2015 | 1:01 PM ET
    Prairie Artisan Ales Chrismas Bomb.

    CNBC's beer label contest is all about having the right flair. Here are three potential Cinderella labels that could make some noise in the brackets.

  • Most loved beer label? Here are 4 brews to watch Tuesday, 24 Mar 2015 | 10:29 AM ET
    Troegs Bros. Hop Knife Harvest Ale

    CNBC is once again setting out to find the most loved beer label. This year's vote begins Tuesday.

  • For two years, Napa Valley, California- based Mira Winery has been submerging bottles of wine in the harbor in Charleston, South Carolina, where its president lives, to determine the effects of water, motion, light and temperature on aging. But last week the federal Alcohol and Tobacco Tax and Trade Bureau issued an advisory saying water pressure could cause...

  • NEW YORK— PepsiCo Co.' s board of directors elected Richard W. Fisher, former CEO of the Federal Reserve Bank of Dallas, as a member of the Pepsi board. Fisher served as president and CEO of the Federal Reserve Bank of Dallas from 2005 to March 2015, and as a Deputy U.S. The former chairman and CEO of H.J. Heinz is an advisory partner to activist investor Nelson Peltz's...

  • SHANGHAI, March 23- China's largest food and beverage maker Tingyi Holding Corp said net profit fell 2 percent in 2014, while a slowing economy and fierce competition dragged sales down for the first time in almost two decades. Hong Kong- listed Tingyi, owner of the Master Kong brand and a partner with PepsiCo Inc and Starbucks Corp in China, said on Monday profit...

  • CVIKOV, Czech Republic— After shutting down in droves during the decades of Communist rule, the Czech Republic's small brewers are staging a comeback. Dilapidated beer making facilities dotted across this patch of Central Europe, which is better known for a clutch of global brands like Pilsner Urquell, are being reopened to revive local brewing traditions...

  • NAPA, Calif.— Robert Dahl came west from Minnesota with a powerful desire to make his fortune in Napa Valley's famed wine country. He once bought a $42,000 Harley Davidson motorcycle rather than delay a road trip while another nearly new bike got fixed. Dahl, 47, then killed himself, leaving behind his wife, three children and two decades worth of failed projects,...

  • Diageo, the global alcohol giant behind those brands, along with Smirnoff, Bailey's, Bushmills and others, says it will put alcohol-content and nutrition information on the labels of its products. Diageo had long expressed interest in putting the information on its labels so it could appeal to consumers on low-carb diets. London- based Diageo PLC is the world's...

  • The heist led authorities to a backyard in Franklin County, where the barrels holding the bourbon— weighing up to 500 pounds each— were recovered behind a shed last week. One man has been arrested, and Franklin County Sheriff Pat Melton said investigators have other suspects. Wild Turkey's distillery is at Lawrenceburg, which is in a county neighboring Franklin...

  • Exemption in 'Tennessee Whiskey' law raises legal flags Thursday, 19 Mar 2015 | 5:45 AM ET

    The state Legislature in 2013 excluded Kelso- based Pritchard's Distillery from the law passed at the behest of Jack Daniel's that for the first time established rules for which products could label themselves as Tennessee whiskey. "If I subscribe to this rule that Jack Daniel's has imposed on us all, then I would then be paying homage to Jack Daniel's and not...

  • SHANGHAI/ SEATTLE, March 19- Starbucks Corp will partner Taiwanese drinks maker Tingyi Holding Corp to produce and sell ready-to-drink beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market. Starbucks will have Tingyi manufacture the drinks for China and help extend its distribution on the mainland, the U.S....

  • Customers outside first Starbucks on 'race together'   Wednesday, 18 Mar 2015 | 3:00 PM ET
    Customers outside first Starbucks on 'race together'

    Customers lined up out the door outside Starbucks' very first store in Seattle have mixed reactions to the company's new "Race Together" initiative.

  • Starbucks shareholders weigh in on race   Wednesday, 18 Mar 2015 | 3:00 PM ET
    Starbucks shareholders weigh in on race

    Outside the Starbucks annual meeting, shareholders like Mary Melalson, Evie Scribner and Steve Nussbaum react to the company's new "Race Together" initiative, and baristas Harrison Deatherage and Tyler Wright prepare to write those words on coffee cups.

  • LOUISVILLE, Ky.— Liquor producer Brown-Forman Corp. is putting a descendant of its founder in charge of its original whiskey, the latest sign that it intends to rejuvenate the long-struggling Old Forester bourbon brand. Campbell Brown— a fifth-generation descendant of company founder George Garvin Brown— is being promoted to the new position of president of...