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Daily Newsletter

17 August 2023

Daily Newsletter

17 August 2023

Israel’s Strauss Group hints at further divestment following coffee asset sales

CEO Shai Babad said the company was constantly looking to “optimise” its portfolio following declining margins and profitability in Q2.

Jessica Broadbent August 17 2023

Strauss’ Elite Coffee is one of the brands that will go up in price. Credit: Strauss Group.

Heineken’s appointment of an outsider as CEO has raised eyebrows but, with the brewing behemoth undergoing some significant changes in a challenging market, the move has also been welcomed in investment circles.

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Non-alcoholic drinks market remain resilient despite inflationary pressure

Per GlobalData analysis, the non-alcoholic beverages (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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