13 November 2023
13 November 2023
The all-US deal sees Sunny Sky, which supplies dispensed drinks to foodservice and c-stores, expand its product portfolio.
“India, the Far East, South America and the US are all growth regions with a passionate demand for premium British gin” – Sky Wave.
Prime is riding high on the energy drinks boom, while the beverage’s gamification and TikTok-focused strategy bears fruits.
The business, which is listed on the country’s Aquis Stock Exchange, wants to broaden its potential pool of investors.
Diageo CEO Debra Crew, speaking after the group’s LatAm-sparked profit warning, said the whole sector was facing pressure on sales.
“In a large number of reported cases, it is shown that it is not a question of health problems due to the consumption of drinks,” Croatia’s prime minister said.
The group said the decision was made due to “higher than anticipated construction and facility costs”.
“Next year we expect to at least increase prices with inflation – at least” – CFO Felipe Dubernet
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The global alcoholic beverages packaging industry has grown to 445.4 billion units in 2022, with volumes forecasted to grow at a CAGR of ~2% by 2027. The Asia-Pacific represented the largest region in 2022, followed by the Americas. Glass was the most used pack material globally, followed by rigid metal and rigid plastics. Volume-wise, the industry was led by the beer & cider sector in 2022, while the flavored alcoholic beverages sector is forecast to register the fastest growth at a CAGR of 6.1% during 2022–27, followed by spirits and wine.
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