PepsiCo to cut costs after lowering earnings outlook
PepsiCo has indicated it will cut costs after lowering its earnings outlook for 2026 on the back of margin pressures …
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Beer core but Constellation open to more outside deals
Constellation Brands sees beer as central to its growth prospects but is able “to dial in other areas of growth” …
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Carlsberg proposes to shut Marston’s brewery in UK
Danish brewing giant Carlsberg has set out plans to close its Marston's brewery in the UK, pointing to a weak …
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Coca-Cola expands prebiotic push with “test-and-learn” NPD
The Coca-Cola Company is testing consumer appetite for prebiotic soft drinks in the US through a pilot launch of products …
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Amber Latvijas Balzams creditors reject repayment plan
Amber Latvijas Balzams has applied to terminate its legal protection proceedings after creditors rejected a plan to restructure the Latvian …
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What barriers and opportunities face functional beverage makers?
Enter any large supermarket in the UK today and you will almost certainly find a dedicated ‘functional drinks’ section of …
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Japan’s anti-trust watchdog raids four major brewers in price cartel probe
Japan's anti-trust body has searched the offices of four local brewing giants including Asahi and Sapporo, over allegations they breached …
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Heaven Hill sells liqueur brand Irish Mist
US spirits group Heaven Hill Brands has offloaded liqueur brand Irish Mist to Ireland-based The Old Canal Quay Spirits Company. The …
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Constellation Brands acquires spirits RTD brand SpikedAde
Constellation Brands has bought US RTD brand SpikedAde in a deal that could be worth up to $353m. In a statement …
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Treasury Wine Estates cuts 170 jobs in push for “simpler” organisation
Treasury Wine Estates has laid off more than a hundred jobs, mostly across the Australian wine giant's global "corporate functions". A …
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Colombia’s coffee crop survives earthquake but El Niño looms
On 10 August, a magnitude 7.4 earthquake struck western Colombia, with its epicentre located near San José del Palmar in …
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Bourbon maker TKC Distilling removes CEO amid voyeurism allegations
Former Angel's Envy co-founder Wes Henderson has been pulled from his CEO position at Bourbon business TKC Distilling amid allegations …
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Anora finalises Bacardi distribution deal in Sweden, Norway
Anora Group has finalised an agreement with Bacardi to become the distributor of the spirits giant’s portfolio in Sweden and …
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Constellation again invests in ‘social tonic’ brand Hiyo
Constellation Brands has invested again in functional non-alcoholic drinks producer Hiyo. California-based Hiyo has raised $20.8m in a Series B round …
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Scotch distiller GlenWyvis enters administration
Scotch distiller GlenWyvis has appointed administrators following "a prolonged period of financial pressure". A statement from financial advisory group Interpath …
