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Daily Newsletter

31 October 2023

Daily Newsletter

31 October 2023

Rémy Cointreau looks to slash €100m in cost-saving efforts after poor Q2

“When we talk about major cost-cutting... we are talking about everything” – CFO Luca Marotta.

Henry Mathieu October 27 2023

Credit: monticello / Shutterstock.com

India’s Allied Blenders and Distillers (ABD) has struck an overseas local production agreement with an unnamed company in Malaysia.

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Non-alcoholic beverages (NAB) market remain resilient despite inflationary pressure

Per GlobalData analysis, the 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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