All news articles for February 2020

Pic:getty/DGLimages

Coronavirus could hit Diageo profits by up to $258m

By Rachel Arthur

Guinness maker Diageo says it expects a negative impact in fiscal 2020 due to COVID-19: given significant disruption to the on-trade in China and Asia and a hit to travel retail sales.

Molson Coors to launch Coors Seltzer in July

Molson Coors to launch Coors Seltzer in July

By Rachel Arthur

Molson Coors will launch a new hard seltzer under its Coors brand in July. “In the spirit of smart core innovation, what better brand than Coors to get into hard seltzers?” says the company.

pic:getty/nevodka

Indonesia inches closer to stealth sugar tax

By Richard Whitehead

Indonesia might be taking a novel approach to implementing a sugar tax: if a proposal in front of parliament goes ahead, it will lump an additional levy on soft drinks in with environmental protection measures to fill a gaping hole in public finances.

PepsiCo, Nestle, KDP and Coca-Cola look set to spark a caffeinated water craze in 2020

PepsiCo's bubly hints at caffeinated water launch

By Rachel Arthur

PepsiCo looks set to launch a caffeinated water extension for its sparkling water brand bubly: signalling its imminent entry into the US caffeinated water category alongside Coca-Cola, Keurig Dr Pepper and Nestlé.

Systech acquired by Dover. Photo: Systech

Systech to join Markem-Imaje following Dover acquisition

By Jenny Eagle

Dover Corporation has acquired Systech International (Systech), which will now join Markem-Imaje, product identification and traceability business, as part of Dover’s Imaging and Identification segment.

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