Domestic beer consumption in the US has fallen over the last two decades while China’s interest in American beer has spiked. Budweiser sales finally flipped in China’s favor in the first half of 2018 and the trend is expected to continue.
The European Bank for Reconstruction and Development (EBRD) is providing Egyptian dairy and juice producer, the International Company for Agricultural Industries Projects, S.A.E (Beyti), with a $44m loan.
Philippine conglomerate San Miguel revealed that it is preparing to sell a 20% stake in its food and beverage business unit, valued at around $1.7bn, on the same day it posted promising half-year figures.
‘Even in the best companies, zombies exist side-by-side with rock stars’
Coca-Cola is on a mission to ‘kill the zombies’: products that - for whatever reason - simply haven’t taken off. So far this year it has identified 125 ‘underperforming SKUs for elimination’ in one region alone.
Heineken will take a $3.1bn stake in the parent of China Resources Beer, China’s largest brewer. The deal gives Heineken greater access to the Chinese market; while China Resources will be able to grow in the premium market and potentially expand its...
Beer giant AB InBev today launches its ‘100+ Accelerator’: an accelerator program for start-ups working on the most pressing global sustainability issues. It will select 10 partners in its first round this year; investing $100,000 in each.
DKSH Business Unit Consumer Goods, a market expansion services provider for fast moving consumer goods, and Nutridor Limited, have entered a new partnership to introduce Nutridor’s Abevia Gold sweetened beverage and evaporated creamers in Cambodia.
Molson Coors Canada and Canadian cannabis producer The Hydropothecary Corporation are to form a joint venture focusing on non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.