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The US spirits group is in a legal dispute with a lender and a court-appointed receiver.
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"Parting ways with Diageo allowed us to open up our innovation to more categories," a company spokesperson told Just Drinks.
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The future of Unilever’s presence in food is in the spotlight once again. Industry watchers argue it’s likely Unilever will one day quit food but argue there’s no need for urgency.
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The India-based PepsiCo bottler linked the transaction to its plan to “diversify its product portfolio into new categories”.
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Executives from Danone, Tine and Valio are set to speak at this year’s Dairy Innovation Strategies conference in the Dutch capital.
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A statement said the sale fits with De Kuyper's "ongoing strategy to streamline its portfolio and concentrate on its core business".
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“We are currently benefiting from the global trend toward increased consumption of white and lighter wines,” German Wine Institute marketing director Steffen Schindler said.
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Amid growing US demand for ‘better-for-you’ energy drinks, Odyssey Functional Energy’s Scott Frohman explains why his brand can prosper.
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