23 July 2025
23 July 2025
The new Coke product will launch in the US later this year, CEO James Quincey told analysts yesterday (22 July).
First Bev and Manna Tree Partners will retain minority stakes in Generous Brands following the deal.
The French spirits group will relocate production to its facility in Ghent, Belgium.
The dairy-alternatives group announced the move alongside its H1 results, which also include a cut to its group sales forecast.
The UK non-alcoholic drinks firm is setting up local production in a market forecast to become its biggest next year.
CEO James Taylor attributed the closures to "continued challenges facing the UK hospitality industry".
The Commission had issued France "a letter of formal notice in February 2023, followed by a reasoned opinion in November 2024", but the country "is still in breach of EU rules," it said.
The Germany-based distiller and soft-drinks maker said “very poor consumer sentiment” continued.
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