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
Beverage Industry’s October issue features a cover story on our 2019 Executive of the Year, Jim Koch of the Boston Beer Co. This issue also features a category focus on bottled water and the innovations that abound in flavored, functional and sparkling waters. The issue also includes an ingredient spotlight on the beloved chocolate ingredient as well as voice-picking solutions aimed at streamlining beverage warehouses. As usual, we rounded up the latest trends in products, packaging and ingredients.
Check back throughout the month for additional content.