Australian Vintage strategic review “not about being up for sale”
CEO Craig Garvin acknowledged the review had attracted “some discussion”, but was simply about exploring “new opportunities”.
29 August 2023
29 August 2023
CEO Craig Garvin acknowledged the review had attracted “some discussion”, but was simply about exploring “new opportunities”.
The initial EU fund of €160m ($172m) has been topped by France’s Ministry of Agriculture to €200m. Paris estimates 4.4m hectoliters of wine will be destroyed.
PepsiCo has agreed to purchase $175m of the Series A convertible shares via a private placement.
Brands like Corona, Stella Artois and Budweiser will be covered by the deal.
Moma Foods’ Peter Joubert talks the oat-based brand’s plans in the UK plant-milk category and how it’s faring against larger rivals.
Pronghorn said it will reach 57 Black-owned spirits brands in the next decade, having only launched just over a year ago.
In order to meet domestic demand and enter “new export markets”, the vintner will plant Pinot Noir and Chardonnay at the Abel site and expand production to 3,000 cases over the next three years.
Consumer interest in healthier options is driving investment in aseptic packaging, even if the formats present challenges.
In collaboration with Just Drinks, the 25th Annual International Beer Strategies Conference will return on the 10th-12th of October 2023 in Melia Berlin, Germany. This year’s speakers include industry leaders such as Brewdog, Asahi, AB InBev, Diageo, and The Boston Beer Company, as well as some of the most exciting new and emerging companies such as Lucky Saints, JoyBräu, Big Drop Brewing Co, and many more. Don’t miss out on this exclusive event – register your place today.
The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. Data science and ML are strong investments across all areas. For the most part, these sectors will not play a significant role in creating and developing AI hardware or platforms, but will instead help scale up the adoption of AI technologies, such as CV, conversational platforms, and smart robots.
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