Jamie Isenwater News
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Kong Guoqing hasn’t seen a quieter Chinese New Year in the 12 years his family has been running their small liquor and tobacco shop in downtown Shanghai.
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After years of development, Sara Lee Corp. mothballed a machine that makes cups of coffee from freshly ground beans. Now, managers of Sara Lee spinoff D.E Master Blenders 1753 NV are counting on the machine to help turn the company around and unseat Kraft Foods Inc. as the world’s No.2 coffee maker.
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Remy Cointreau SA, the maker of Remy Martin, reported first-quarter sales that beat analysts’ estimates, boosted by higher cognac revenue.
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Nestle SA’s Nescafe coffee sales equal about 350 million cups a day or 4,000 cups a second, Deutsche Bank AG said.
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Pernod Ricard SA is turning to cocktails, coconut snowflakes and tequila to revive flagging sales at its Malibu rum brand.
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Pernod-Ricard SA, Europe’s second- largest distiller, aims to increase profit by about 6 percent this fiscal year after joining rivals Diageo Plc and Remy Cointreau SA in reporting sales that beat estimates.
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German stocks closed little changed as Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank may opt for a third round of bond buying if unemployment fails to decrease.
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Remy Cointreau SA, France’s second- biggest distiller, said first-half earnings increased 27 percent and forecast a “substantial” gain for the year as the company sells more cognac in markets such as China.
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