02 August 2023
02 August 2023
CCEP has signed a “letter of intent” to buy Coca-Cola Beverages Philippines with a local conglomerate.
While Diageo recorded organic net sales growth in four of its five regions, North America (a market dominated by the US) matched a year earlier.
Molson Coors attributed the improved outlook as a reflection of “continued strength” in its core beer brands in the US.
Price hikes hit volumes in H1 but CEO stands by overall strategy, while conceding there are “a couple of learnings”.
German breweries sold around 4.2bn litres of beer in the first half of the year.
Digging into the data by company, LVMH Moët Hennessy Louis Vuitton was the multinational group that mentioned the region the most often.
Ingredient suppliers, facing demand for lower-sugar applications and interest among consumers for ‘clean label’ products, have opportunities to exploit.
The appreciation of the Mexican peso against the dollar has also dented sales and profits.
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