The drinks industry briefing
More of the latest drinks industry news you need to know about
In numbers
GBP389m
Diageo has sold its Guinness brewing operation in Cameroon to France-based peer Groupe Castel. The deal for GBP389m (US$472.5m) will see Castel take on the local production and distribution of Guinness.
12,000kg
The Comité Champagne has set the yield limit for the 2022 Champagne harvest at 12,000kg per hectare, the highest figure for more than a decade. The decision comes off the back of sustained sales growth of Champagne around the world.
GBP3m
Carlsberg has been hit with a GBP3m fine in relation to the death of contractor David Chandler at a brewery in the UK town of Northampton in 2016.
16%
The Coca-Cola Co. lifted its forecast for annual underlying revenue in the wake of “strong” sales in the second quarter. During its second quarter, which ran to 1 July, organic net revenue was up 16%.
19%
Annual exports of Australian wine have dropped by 19% in value and by 10% in volume amid falling sales in China and Europe.
In Brief
Diageo’s United Spirits sells clutch of brands in India to Inbrew Holdings
United Spirits, the Indian group majority-owned by Diageo, has agreed to the sale and franchising of more than 40 brands in the country to Inbrew Holdings.
The Coca-Cola Co. delays IPO of Africa unit until 2023
The Coca-Cola Co. has delayed plans to list Coca-Cola Beverages Africa (CCBA) as a publicly-traded company due to market volatility.
Pernod Ricard offloads Tormore Distillery
Pernod Ricard has sold its Tormore Scotch whisky distillery to a spirits company owned by the two co-founders of the French giant’s The Whisky Exchange drinks retailer.
Brown-Forman to up capacity at The GlenDronach site
Brown-Forman has earmarked more than GBP30m for a project to expand capacity at its distillery for The GlenDronach Scotch whisky.
Elsewhere on the GlobalData Media network
How upping spending on IoT can benefit food manufacturers
Food manufacturers’ use of IoT has been slower than in other sectors but it is picking up – and advocates say the tech can help in a number of ways.
Read more here on Just Food
