C12 Beverage and Tobacco Product Manufacturing

Lion takes up myth busting to put fizz back into beer

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Original article by Simon Evans
The Australian Financial Review – Page: 13 & 18 : 23-Sep-15

Lion CEO Stuart Irvine says consumers widely believe that beer contains a lot of sugar and preservatives, but he notes that the sugar content is actually just 0.1 per cent. The Japanese-owned brewing giant will launch a $A10m marketing campaign during the 2015-16 summer to promote the low sugar content of beer, as part of its strategy to arrest a decline in sales of mainstream beer. Lion is also adding nutrition information to the packaging of its beer brands.

CORPORATES
LION PTY LTD, KIRIN HOLDINGS COMPANY LIMITED, CARLTON AND UNITED BREWERIES, SABMILLER PLC, PETALUMA LIMITED, WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, CROSER WINES, INFRASTRUCTURE AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PLATINUM CAPITAL LIMITED – ASX PMC, TOOHEYS BREWING COMPANY PTY LTD, J BOAG & SON LIMITED, CASTLEMAINE PERKINS LIMITED

Accolade’s Burge buy comes with $10m loss

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Original article by Simon Evans
The Australian Financial Review – Page: 18 : 29-Jun-15

Grant Burge Wines sells around 450,000 cases of wine in Australia each year, and ranks among the nation’s 10 biggest-selling wine brands. Accolade Wines acquired the business in early 2015 and has appointed Jeff Bond as general manager. His task will be to turn around Grant Burge’s fortunes, after it posted a loss of $A9.4m in 2013-14. This followed a modest profit of $A264,247 in the previous fiscal year. Revenue was $A40.4m in 2013-14, compared with $A43.2m previously.

CORPORATES
ACCOLADE WINES LIMITED, GRANT BURGE WINES PTY LTD, CHAMP PRIVATE EQUITY PTY LTD, PETER LEHMANN WINES LIMITED, CASELLA WINES PTY LTD, HARDY WINE COMPANY LIMITED, LEASINGHAM WINES, NOTTAGE HILL WINES, BANROCK STATION WINES, MUD HOUSE WINES LIMITED, CONSTELLATION BRANDS INCORPORATED, TREASURY WINE ESTATES LIMITED – ASX TWE, PENFOLDS WINES PTY LTD

Treasury forecasts ‘big’ growth in wine sales to China

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Original article by Angus Grigg
The Australian Financial Review – Page: 15 & 20 : 23-Jun-15

Treasury Wine Estates is upbeat about its prospects in the Chinese market. Robert Foye, the group’s MD for Asia, expects China to be Treasury’s third-biggest source of profits and revenue within five years. He believes that Treasury’s annual sales in Asia could potentially grow by 15-20 per cent over this period. Treasury is also likely to benefit from the Australia-China free trade agreement.

CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, WOLF BLASS WINES PTY LTD, PENFOLDS WINES PTY LTD

Tax plonk more, says Grange man

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Original article by Simon Evans
The Australian Financial Review – Page: 7 : 5-Jun-15

Treasury Wine Estates and Pernod Ricard are lobbying for reforms to Australia’s wine equalisation tax system. They favour a standardised tax rate for all wines, irrespective of the price or quality. Penfolds Grange winemaker Peter Gago is also in favour of reform, arguing that the nation’s wine industry needs to focus more on the premium end of the wine market and encourage local consumers to drink wines that are of a higher quality.

CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, PERNOD RICARD SA, PENFOLDS WINES PTY LTD, JACOB’S CREEK PTY LTD, ABSOLUT VODKA, AUSTRALIA. DEPT OF THE TREASURY, MAGILL ESTATE

Coke Life’s launch lacks fizz

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Original article by Patrick Commins, Sue Mitchell
The Australian Financial Review – Page: 29 : 27-May-15

Coca-Cola Australia’s Sarah Prestwood says consumers have responded positively to the new Coke Life softdrink, and sales to date have exceeded expectations. However, Credit Suisse believes that Coke Life’s sales during its first five weeks on the Australian market were well below those of Coke Zero and Coke Vanilla upon their initial launch. The firm has a 12-month share price target of $A10.60 on Coca-Cola Amatil.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, COCA-COLA AUSTRALIA, CREDIT SUISSE (AUSTRALIA) LIMITED

SABMiller’s dry spell in beer market

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Original article by Simon Evans
The Australian Financial Review – Page: 28 : 14-May-15

The Asia-Pacific division of SABMiller has reported EBITDA of $US768m for the year to 31 March 2015, which is nine per cent lower than previously, while profit margins declined from 21.4 per cent to 19.9 per cent. The global beverages group’s sales in Australia fell by two per cent, with sales of premium brands rising and its key brands losing ground.

CORPORATES
SABMILLER PLC, FOSTER’S GROUP LIMITED, LION PTY LTD, KIRIN HOLDINGS COMPANY LIMITED, AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH SECURITIES LIMITED, WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, BWS – BEER WINE SPIRITS, DAN MURPHY’S, LIQUORLAND (AUSTRALIA) PTY LTD, VINTAGE CELLARS (AUSTRALIA) PTY LTD, BLUETONGUE BREWERY PTY LTD

CCA hopes to sweeten sales with Coke Life

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Original article by Sue Mitchell
The Australian Financial Review – Page: 19 : 30-Mar-15

Coca-Cola Amatil (CCA) will launch Coke Life on 7 April 2015. The new product is sweetened with a mix of stevia and cane sugar, and CCA executive Barry O’Connell says blind taste tests by himself and other employees failed to distinguish Coke Life from regular Coke. CCA hopes the new product will arrest a decline in sales and profits, but Tom Kierath of Morgan Stanley does not expect any increase in sales to be sustained

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCLMORGAN STANLEY AUSTRALIA LIMITEDTHE COCA-COLA COMPANYCITIGROUP PTY LTDPEPSI-COLA COMPANY

Coca-Cola Amatil appoints Woolies exec as CFO

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Original article by Sue Mitchell
The Australian Financial Review – Page: 23 : 26-Mar-15

Australian-listed Coca-Cola Amatil (CCA) has advised that Martyn Roberts will replace Nessa O’Sullivan as CFO later in 2015. Roberts has held several executive positions at Woolworths during his seven-year tenure at the retailer, and has previously worked for companies such as Louis Vuitton and Apparel Group. There have been a number of management changes at CCA under current CEO Alison Watkins

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, WOOLWORTHS LIMITED – ASX WOW, APPAREL GROUP PTY LTD, LOUIS VUITTON, THE COCA-COLA COMPANY, SPC ARDMONA LIMITED, RECKITT BENCKISER (AUSTRALIA) PTY LTD

Coca-Cola Amatil appoints Woolies exec as CFO

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Original article by Sue Mitchell
The Australian Financial Review – Page: 23 : 26-Mar-15

Australian-listed Coca-Cola Amatil (CCA) has advised that Martyn Roberts will replace Nessa O’Sullivan as CFO later in 2015. Roberts has held several executive positions at Woolworths during his seven-year tenure at the retailer, and has previously worked for companies such as Louis Vuitton and Apparel Group. There have been a number of management changes at CCA under current CEO Alison Watkins

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, WOOLWORTHS LIMITED – ASX WOW, APPAREL GROUP PTY LTD, LOUIS VUITTON, THE COCA-COLA COMPANY, SPC ARDMONA LIMITED, RECKITT BENCKISER (AUSTRALIA) PTY LTD

CCA chief determined to bring back its fizz

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Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 18-Feb-15

Coca-Cola Amatil has posted a 2014 underlying net profit of $A375.5m, which is 25.3 per cent lower than previously. EBIT was 21.8 per cent lower at $A651.5m and sales were down 1.9 per cent at $A4.94bn. CEO Alison Watkins is upbeat about the group’s outlook in 2015, citing factors such as cost savings and new product launches. Shareholders will receive a final dividend of $A0.22 per share

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, THE COCA-COLA COMPANY, CITIGROUP PTY LTD, ASAHI BREWERIES LIMITED, PEPSICO AUSTRALIA PTY LTD, SCHWEPPES AUSTRALIA PTY LTD, MOUNT FRANKLIN NATURAL