AGP Executive Report
Last update: 5 hours agoRegulation: The FTC secured a landmark price-discrimination settlement with Southern Glazer’s Wine and Spirits, while Japan is probing Asahi, Kirin, Suntory and Sapporo over suspected beer price-fixing. Beer: Carlsberg Britvic plans to close Marston’s Brewery, a blow to workers and Burton upon Trent’s brewing heritage. Heineken Silver, meanwhile, has launched in Assam, expanding to 11 Indian markets. Market Shifts: Tesco expects a less boozy Christmas as health trends and weight-loss drugs weigh on alcohol demand; PepsiCo says it will raise prices after a weak North American quarter. Wine & Spirits: California’s wine surplus is pushing premium bottles onto bargain shelves, while Scotch, Irish and Welsh whisky groups challenge English whisky’s new protected status over single-malt rules. Coca-Cola is also reportedly considering a sale of Costa Coffee.
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