Diageo CEO seeks to “right-size business”
Diageo must “right-size” its business after a period of over-investment, CEO Sir Dave Lewis has said after outlining plans to …
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Wegovy GLP-1 pill set to land in EU
Novo Nordisk is preparing to bring its Wegovy GLP-1 weight-loss pill to the EU, with Germany first in line for …
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Raisio reveals new CEO to replace Pasi Flinkman
Finnish food-and-drinks group Raisio has named Elli Siltala as its new CEO to succeed Pasi Flinkman, who in May announced …
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Grupo Jumex takes juice brand into protein drinks
Mexican beverage company Grupo Jumex is launching a line of ready-to-drink protein shakes under its namesake juice brand in the …
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Diageo sets out $1bn savings plan
Diageo has outlined plans to extract $1bn in savings from the business over the next three years. In a statement ahead …
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Celsius shares fall as quarterly numbers miss expectations
Shares in Celsius Holdings tumbled in pre-market trading today (6 August) after the energy-drinks group's second-quarter numbers missed Wall Street …
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Dandurand, La Martiniquaise-Bardinet team up to buy Lamb’s rum
Dandurand and La Martiniquaise-Bardinet have agreed to acquire the Lamb’s rum brand and "certain assets" from Corby Spirit and Wine. The …
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US vintner Quilceda Creek takes full ownership of Champoux Vineyard
Washington state winery Quilceda Creek has acquired the remaining shares in Champoux Vineyard, taking full ownership of the business. Financial terms …
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Henkell talks to buy Maison Pommery fail to reach deal
Henkell Freixenet's talks to buy a majority stake in Maison Pommery & Associés have ended without an agreement with the …
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Internal row at Castel rumbles on as family members file complaints
Gregory Clerc, the CEO of global drinks group Castel, is facing two complaints from Romy and Alain Castel, the daughter …
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BellRing Brands poised for price increases
BellRing Brands plans to raise prices again on protein powders and shakes to recover inflationary costs. Talking through the third-quarter results …
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Africa, Asia boost Heineken H1 amid Americas struggles
Shares in Heineken rose today (5 August) despite challenges in the Americas after Asia and Africa boosted the brewer’s volumes …
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Casella adds RTD, non-alc brands to distribution roster
Casella Family Brands has gained the distribution rights in Australia for the non-alcoholic drinks brand Heaps Normal and the spirits …
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Next Century Spirits buys brands from Grain & Barrel
US distiller Next Century Spirits has acquired several brands from local peer Grain & Barrel Spirits, including the American whiskey …
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US sports-drinks brand Barcode sold to PE firm Axum
Barcode, the US drinks brand backed by NBA star Victor Wembanyana, is selling a “controlling” stake to private-equity firm Axum …
