PepsiCo estimates lower Poppi pay-out bill
PepsiCo has lowered the estimated value of an earn-out consideration it may owe the former owners of Poppi. The US drinks …
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Olvi share price drops on profit warning
Shares in Olvi tumbled today (13 October) after the Finnish drinks company issued a profit warning. In a stock exchange filing, …
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Nestlé earmarks more cash for Mexico
Nestlé is planning to spend another $1bn on its business in Mexico up to the end of 2030. The Swiss giant …
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Kirin taps HiteJinro for South Korea beer production
HiteJinro has started brewing Kirin Ichiban beer in South Korea through a new deal with Kirin Holdings. In a statement, the …
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LVMH’s wine-and-spirits sales continue to grow
LVMH has continued to see its wine-and-spirits sales improve, recording its third consecutive quarter of growth from the division. In the …
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Pernod eyes higher-abv RTD demand in UK, US with Malibu push
Pernod Ricard is launching higher-abv RTDs under its Malibu brand in the UK and North America. The company has rolled out …
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Cyberattack hits French supermarkets
Major French supermarket chains have been hit by a cyberattack that has affected their refrigeration systems. Dominique Schelcher, the CEO of …
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Carlsberg ‘ordered to shut brewery in India over emissions’
Carlsberg has reportedly been ordered by environmental authorities to close its brewery in the north-western Indian state of Rajasthan over …
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German states criticise sugar tax plans
A group of German state ministers have hit out at the federal government to plans to implement a tax on …
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Constellation returns to M&A fray amid stagnant US beer market
First things first: not every M&A deal ends up working out. A transaction might look good on paper, a press …
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Rosemount returns to founding family as TWE continues disposals
Treasury Wine Estates is offloading the Rosemount wine label back to its founding family in its ongoing push to focus …
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Snacks pricing, “urgency” on drinks – takeaways from PepsiCo’s Q3 results
PepsiCo has been under pressure to improve its performance since activist investor Elliott Investment Management went public last year with …
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US ‘craft’ distillery numbers fall as sales slide
The number of active US ‘craft’ distillers has declined while sales of US craft spirits also shrunk in value and …
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Campari chairman ‘asked to face trial on tax evasion allegations’
Campari chairman Luca Garavoglia has reportedly been asked by Italian prosecutors to stand trial over alleged tax evasion. Reuters, citing sources, …
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Poland’s lower house passes curbs on alcohol sales, ban on advertising
Poland’s lower house has backed a bill to extend a ban on alcohol advertising and introduce curbs on off-premise sales …
