News Briefs


News Briefs

Skyy Spirits LLC, San Francisco, has received exclusive U.S. distribution rights for Midori Melon Liqueur, Zen Green Tea Liqueur, Yamazaki Single Malt Whisky and Akadama Plum Wine from Suntory International Corp. The brands represent more than 150,000 9-liter cases, with Midori accounting for about 90 percent of the volume.
Barton Beer’s Monarch Import Co. has extended its import agreement with Tsingtao Brewery for distribution rights to Tsingtao Beer. Monarch, which has imported Tsingtao since 1978, will remain the exclusive importer of Tsingtao Beer for the U.S. market, Bermuda and the U.S. Virgin Islands.
Investors in Switch Beverage Co., Richmond, Va., have filed suit against a new group of investors they say are trying to acquire the bankrupt company “on the cheap,” according to a report in the Richmond Times Dispatch. The company, which makes The Switch carbonated juice products filed for bankruptcy protection last month. According to the report, Beverage Acquisition is attempting to buy the company for $750,000, while the original investors say the value is between $6 million and $8 million. The suit was filed on behalf of 10 investors, including William Hargis, co-founder and former president and chief executive officer of the company.
Cadbury Schweppes, London, has sold its European beverage business to Blackstone Group International and Lion Capital LLP for $2.17 billion. “I’m delighted that within such a short time we have achieved a firm offer for Europe Beverages at a price that reflects the quality of its brands and the strengths of its management team,” said Todd Stitzer, chief executive officer at Cadbury Schweppes, in a statement. “Following completion of a deal, we will be able to focus on our faster-growing confectionery and other beverage businesses.”
You must register or login in order to post comments.

Multimedia

Videos

Image Galleries

Behind the Scenes at Boston Beer Co.

More from Beverage Industry's February 2011 cover story interview with the Boston Beer Co. Photos by Vito Palmisano.
05/31/11 1:00 PM EST

The Latest Research on HFCS: It's the Calories That Count, Not the Sweetener

AVAILABLE ON DEMAND: Until March 31, 2012

Want to learn more about high fructose corn syrup (HFCS)? During this 45 minute webinar we will discuss frutose-containing sugars such as HFCS and what effects it has on the body.

Beverage Insider eNewsletter

Are you an Insider? Subscribe to Beverage Industry’s weekly e-newsletter to receive news headlines, new product information and magazine highlights.   

Global Beverage Trends

Which categories will continue to lead global beverage trends?
See Poll Results Poll Archive

THE BEVERAGE INDUSTRY STORE

cleaning-in-place-dairy-foo.gif
Cleaning-in-Place: Dairy, Food and Beverage Operations, 3rd Edition

This book addresses the principles of cleaning operations, water supply issues and the science of detergents and disinfectants.

More Products

Webinars

Beverage Industry Webinars are an easy, effective and convenient way to get educated and informed on the latest industry trends and topics. All Webinars are FREE unless indicated. For more information, check out our Events page!

STAY CONNECTED

Facebook Twitter  Linked In  youtube