US. Drinks Americas receives Letter of Intent from Worldwide Beverage, expanding brands and production resources

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Drinks Americas Holdings, Ltd., , a leading developer and marketer of beverage products, announced that it has entered into a letter of intent with Worldwide Beverage Imports, LLC. , which will result in Worldwide acquiring up to a 49% interest in the Company. Worldwide will acquire approximately 125,000,000 shares of common stock of the Company in exchange for sales and or importing and distribution rights of Worldwide products through a series of licensing agreements between the companies. (more…)

Molson-Coors, Modelo’s Bid for Foster’s Seems Unlikely

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A joint bid for Foster’s by Molson Coors Brewing (TAP) and Mexico’s Grupo Modelo seems unlikely after Modelo executives chose not to put the proposal up for vote at a board meeting on Monday, according to The Wall Street Journal. (more…)

The Portland of the Far East: craft beer is booming in Japan.

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Walking through Tokyo’s garish Roppongi district on my first visit to Japan, I found it remarkably easy to ignore the pulsing high-tech signs promoting electronics, movies, and cars. What caught my eye was probably the most modest ad: a tiny bilingual sandwich board that said “Craft Beer Bar.” When I think of Japanese alcohol, sake and mass-produced lagers come to mind. Apart from the excellent Hitachino Nest, I wasn’t aware of any Japanese craft brewers of note. Skeptical, I squeezed down a narrow staircase into a tiny, subterranean bar, expecting nothing more than insight into which foreign craft beers suit the Japanese palate, and possibly a taste of a Hitachino Nest creation that hadn’t yet crossed the Pacific. (more…)

Aspall reshuffles to cope with cider demand

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UK cider producer Aspall has announced a major restructuring programme as it seeks to cope with a 40% growth in sales of its cider and vinegar products in the past year. (more…)

Modelo Board Said to Have Discussed Foster’s Bid Without Putting to Vote

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Grupo Modelo SAB de CV (GMODELOC) discussed with its board of directors a proposal to make a joint bid with Molson Coors Brewing Co. (TAP) for Foster’s Group Ltd. (FGL), though didn’t put the plan up for a vote at a meeting this week, said a person with knowledge of the matter. (more…)

Asahi Breweries Delays West Japan Plant Closure Amid Supply Concerns

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Asahi Breweries Ltd. (2502.TO) said Monday it will postpone the planned shutdown of its brewery in Nishinomiya, western Japan, by one year to provide stable beer supplies amid concerns about power shortages in the east of the country after the March 11 earthquake and tsunami. (more…)