Beverages

Beverage category news for the convenience store retail industry.

U.S. brewer will drive growth through cost cutting, prices hikes

NEW YORK -- Anheuser-Busch Cos. on Friday detailed its plan to make the company more valuable than the $65 per share offer it rejected from InBev, and gave 2008 and 2009 profit guidance above analyst expectations, said the Associated Press. In a conference call with investors, A-B executives...

…while Innovative Beverage Group goes in "anti-energy" direction

ATLANTA -- Several beverage companies have recently rolled out new energy drinks. The Coca-Cola Co. is launching Full Throttle Coffee, a creamy coffee and energy blend, in the U.S. Pacific Northwest and Southeast regions this month before rolling it out nationally in August. Made with 100% premium...

A-B says "financially inadequate" offer "not in best interests of shareholders"

ST. LOUIS -- Anheuser-Busch Cos. Inc. said that its board has unanimously determined that the unsolicited, non-binding proposal by InBev to acquire all outstanding shares of Anheuser-Busch for $65 per share is financially inadequate and not in the best interests of Anheuser Busch shareholders...

Attorneys general call on manufacturers to cease “alcopop” production, sales
U.S. brewer to restructure, sell theme parks, rather than accept buyout
Marketing support involves traditional, nontraditional efforts
Belisito named chairman, CEO; Bayern to become president
Cott CEO outlines plans to refocus on retailer brands, reduce costs
Home City Ice pleads guilty, cooperates in investigation
Claims BP underage procedures are inconsistent across station types

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