Aspall cider bought by US beer giant Molson Coors
Aspall, the cider brand founded in Suffolk, UK, in 1728, has been sold to US beer giant Molson Coors who owns brands such as Carling, Miller and Cobra.
The family which has run Aspall cider for eight generations is set to toast a multi-million-pound windfall as the brewing giant is believed to have snapped up Aspall in a deal worth around GBP£40mn, including debt.
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US Molson Coors, the seventh biggest brewery by volume in the world, said that it wanted to make Aspall the UK’s top-selling premium cider and build on the potential of its vinegars.
The UK currently accounts for almost half of the global cider market, according to the National Association of Cider Makers.
The Chevallier family, who have been brewing cider Aspall Hal in Suffolk, UK, for almost 300 years, will continue to play a role in the company's future.
The volume of cider sold by Aspall in 2016 rise by a tenth.
Mr Chevallier Guild said: “This is an important milestone in Aspall’s long history and a proud day for everyone involved with the company.
“Having been in close discussions with Molson Coors for over a year, we were delighted to find that they share our rich heritage, passion for making quality cider and vision for the future development of Aspall and its people.
“Molson Coors is known for respecting the provenance of local brands it has acquired in the past, and has the scale and expertise to accelerate our growth in the premium cider category in the UK and beyond.”
Aspall will continue to press, ferment keg and bottles its Cider at the Cyder House in Aspall, UK, and will operate as part of Molson Coors UK and Ireland,
Starbucks to open 10,000 sustainable stores in bid to save US$50mn
The plans come under an initiative called the “Starbucks G...
Starbucks has announced plans to open 10,000 “greener stores” around the world by 2025
The plans come under an initiative called the “Starbucks Greener Stores Framework”, which the coffee company will develop with experts in the field such as SCS Global Services, and the World Wildlife Fund.
Kevin Johnson, Starbucks’ CEO, said in a company statement that Starbucks has a responsibility to promote environmental sustainability.
“We are a company in [sic] that believes, in the fabric of mission and values, that the pursuit of profit is not in conflict with the pursuit of doing good”.
The announcement aligns with Starbucks’ efforts over the past decade to create sustainable buildings, working in partnership with the US Green Building Council.
The company has said it will go beyond the Leadership in Energy and Environmental Design (LEED) sustainable building criteria, which it developed alongside the US Green Building Council, to focus on powering its stores in the US and Canada with 100% renewable energy.
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Starbucks plans to introduce technology to both new buildings and in renovations of existing stores that will save 25-30% on energy and water use.
Marketing Magazine said this could save Starbucks around US$50mn incrementally over the next decade.
This year, Starbucks committed to eliminate its reliance on single-use straws in 28,000 stores by 2020, and also said that it is developing compostable paper cups.