18 January 2024
18 January 2024
CEO and president Seth Kaufman said the company was facing a “disproportionately high-cost base”.
The German Wine Institute cited “demographic change and changes in consumer behaviour”.
The investment provides Nutrabolt with an ownership stake of approximately 20%.
Glass Futures’ research focuses on how to lower the carbon emissions from glass melting, refining and packaging.
December food and soft drinks price increases eased but alcohol and tobacco inflation picked up in pace.
The privately-owned food and drinks group, a takeover target in recent months, has reported its results for the year to 31 March 2023.
The Red Sea is a big deal in trade terms – it is said to handle 12% of all global trade.
Under the terms of the deal, Carlsberg will distribute Mikkeller’s beers in their home market.
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Rising urbanization coupled with the increasingly busy lifestyles of consumers have resulted in the increasing demand for RTD beverages that are easy to carry and quick to consume. Further, the pandemic has created a huge surge in demand for non-alcoholic beverages with functional benefits and value addition, including low sugar, added proteins, probiotics, and plant-based ingredients. The beverage manufacturers have been capitalizing on the trends by focusing on both value addition and convenience associated with the packaging of RTD beverages.
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