Glenmorangie, reportedly the best-selling
malt Scotch whisky in the United Kingdom, announced its main shareholders
are looking for a buyer of their more than 50 percent stake in the company.
In 2000, the company formed partnerships with Bacardi and Brown-Forman,
which already has a 10 percent stake in the company, to develop its
international business. Reports predict that both companies are likely
to take an interest in the offering. With Glenmorangie volume hitting the 2
million case mark, the brand is estimated to be worth £300 million. BI
Heineken buys Russian group
Heineken recently acquired Central European Brewing Co. in Russia, which
has a majority stake in shares of Shikhan Brewery in Sterlitamak and 100
percent ownership of Volga Brewery in Nizhny Novgorod. Heineken’s
purchase of the brewing group gives it a 5.9 million hectoliter boost and
bumps it into third place among brewers in Russia, a market in which
analysts expect volume growth of 7 percent this year. In line with
Heineken’s business strategy, the Shikhan Brewery produces three
local beer brands in addition to soft drinks, and the Volga Brewery
concentrates its production on three beer brands. Heineken is reportedly
planning to upgrade both facilities to increase production as part of its
plan to head off Russian brewers with expanding
sales in Europe. BI
Coors wins in Colorado
Colorado GOP candidate Peter Coors, Coors Brewery chairman, beat former congressman
Bob Schaffer in the state’s primary election for the U.S. Senate.
Coors had a majority of the votes, at 61 percent, and Schaffer came in with
39 percent of the votes after 85 percent of the precincts reported results
last month. The bitter campaign prior to the election involved ads that
questioned Coors’ position on banning gay marriage and lowering the
drinking age. The ads were created by conservatives loyal to Schaffer.
Analysts predict that this year’s race for the
senate in Colorado could be the most expensive in the state’s history
as each party is expected to shell out as much
as $6 million to win. BI
Hardy Wine Co. in southern
Australia is planning a more than $11-million redevelopment of its Tintara
Winery at McLaren Vale. The investment will double the number of open
fermenters and basket presses as well as improve grape-receiving areas.
Additionally, a historical display is being created as part of the
renovation. Since 1861, the Tintara Winery has produced Chateau Reynella
and Tintara branded wines. BI
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Beverage Industry’s November issue features our annual Craft Beer Report where we provide insight about how the craft beer segment is recovering after the onset of the pandemic halted many on-premise sales. Also in this issue we analyze the factions of the dairy drinks and dairy alternatives, the latest trends impacting the use of protein ingredients in beverages, the release of our annual Trucks Report with updates on 2021 releases, and much more!