11 September 2023
11 September 2023
Diageo’s plan to sell the South Korean business to a private-equity consortium fell through last year.
Reyes Coca-Cola Bottling already operates three other production plants in California, located in Downey, Los Angeles, and San Leandro.
Centromarca, Federalimentare, IBC and the Italian Food Union have come up with a multi-pronged plan.
The US grocery retail giants are hoping their plans will help them secure regulatory approval for their controversial merger.
“The past six months [have been] very much about action, militantly focused on limiting the cost base… and propelling our brands forward with margin delivery” - Top Shelf International CEO.
The Antetokounmpo brothers’ investment company Ante has become a minority shareholder in Hellenic Wineries, which owns Boutari and Ioli water.
The Spain-based wine-and-spirits group has added a rum to the stable of brands it distributes.
The soft-drinks giant cited declining Bodyarmor and Powerade volumes in the US as the driving factor behind declining sports-drinks sales globally in Q1 and Q2.
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Per GlobalData analysis, the NAB market has a strong outlook in terms of value and steady forecasting for volume up to 2026. The industry has been resilient to the pandemic and inflationary pressure as consumers continue to up their intake of NABs. Rising health and wellness trends mean that a growing number of consumers are swapping alcohol consumption for NABs while others are adding more drinks to their diet for improved hydration and extra nutritional value from fortified and functional NABs.
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