News & Analysis for the Beverage Industry
Treasury Wine Estates said yesterday it will spend $147m destroying wine destined for the growing US market after admitting ‘over ambitious’ sales forecasting for fiscal year 2014.
A top financial analyst is skeptical about the long-term viability of PepsiCo’s new ‘hybrid everyday value’ US pricing structure given Coke’s apparent bid to ‘aggressively out-promote’ the strategy.
The Coca-Cola Company CEO Muhtar Kent says the company is not happy with its Q2 performance and blamed lower volume sales on global economic weaknesses and unusually poor weather.
Consumption of high-energy snack foods and sugar sweetened sodas may be associated with an increased risk of colorectal cancer, according to new research.
Wright Foods is to create 505 jobs and invest $53m over the next five years in North Carolina.
The world’s top wineries can steal a march on brewers in super-premium US cider with their distribution strength and prestige as the category with significant growth potential.