17 November 2023
17 November 2023
Each week we bring you a snapshot of the week’s news through data.
Brown-Forman will receive a 21.5% stake in the US wine group, gaining 31.5m shares of Duckhorn’s common stock.
“In recent years, we have been exploring options to transform our business in Sri Lanka” - Heineken.
Laurent Delaunay said the US can better withstand headwinds and “recover much faster” than other major wine-making countries.
The five-year deal is expected to bring in approximately C$115m in revenue for Flow Beverage.
One year on from its release, OpenAI’s ChatGPT has started a public conversation about the effects of AI. But what will it mean for business?
The fund was created by Coca-Cola Latinoamerica and Argentinan food group Arcor in 2019.
A Russian court has detained two employees of Baltika Breweries over allegations of fraud.
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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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