31 October 2023
31 October 2023
TWE said the acquisition would “fill a key gap” in its Americas portfolio.
However, a surprise share buyback helps the brewer’s shares fizz.
The investment aims to meet increased domestic demand for canned beer and create export opportunities.
The news came alongside the US brewer’s third-quarter results, which also included changes to various financial forecasts.
The Turkey-based bottler now owns more than 99% of the business.
India may not be set to reach the scale of China’s luxury-goods sector but the prospect of its steady growth should attract distillers.
Simon Creasey speaks to CBD-drink brands in the wake of the FSA's updated guidance on daily intake.
The distillery is expected to produce over 50,000 barrels of Kentucky Bourbon and rye whiskey a year.
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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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