Diageo’s first half results for fiscal 24 were dragged down by a 23% drop in Latin America sales. What happened – and how will the company shift its strategy moving forward?
Nestlé has announced that it will partner with Yield Lab Latam, a Latin American venture capital fund, to work on sustainable packaging and regenerative farming. Yield Lab Latam provides funding to agri-food companies across Latin America, connecting...
Scholle IPN, which produces flexible packaging for wine, processed fruits and vegetables, dairy products, and aseptic juices in the Latin American market, has opened a manufacturing facility in Santiago, Chile.
PepsiCo and Starbucks are partnering to distribute RTD coffee and energy drinks from Starbucks in Latin America, eyeing up a market worth $4bn and projected to grow by 22% over five years.
SAB Miller wants to develop its premium beer portfolio in Brazil and increase beer consumption across LATAM, but also strengthen its hold on other beverage sectors in the region.
Increased sales in developing markets for its flavour division have helped flavour and fragrance giant Givaudan to sustained growth above the market average for the first nine months of 2013.
Innocent co-founder Richard Reed tells BeverageDaily.com that he anticipates the brand will probably attempt to crack Latin America using Coke’s marketing muscle, before launching in the US.
Bacardi has announced the appointment of Gianpaolo Perego as its new regional president of Latin America, with responsibility or leading all the spirit's giant's operations the region.
US food safety officials have turned away three more shipments of orange juice or concentrate after tests discovered carbendazim – taking the total number of refused or detained shipments to 27.
Glass packaging provider Saint-Gobain will continue to focus on emerging market development after strong Latin American sales “spurred” organic growth of more than 25%.
PepsiCo and Ocean Spray have annonced a strategic alliance in Latin America in a bid to strengthen the former's juice portfolio in the region and increase accessibility of the latter's products in this region.
Despite the market stranglehold of Coca-Cola and PepsiCo on the Middle East and Africa, smaller carbonates firms could still exploit a trend towards rising consumption amongst youthful populations in these regions.
Latin America presents growing opportunities for investment for food manufacturers, even as the economic crisis takes its toll on American and European markets, according to a new market report.
Protests hit the headquarters of Belgian brewing giant InBev as the
brewer continues to cut back European brewing facilities, but the
group's strong foothold in Latin America is keeping the future
bright.
In a bid to reinforce customer relations in Latin America, the
dairy ingredients business unit of DSM Food Specialties' has
expanded its presence in Latin America with the opening of a new
sales and customer services office in...
Pechiney has announced that Pechiney Capsules, its subsidiary
specialising in closures and overcapping for wine, champagne,
liquors and spirits, has acquired the Chilean company Enocap.
Two international deals were approved last week - the takeover of
Panamco by Coca-Cola Femsa in Mexico and the merger of
Constellation Brands and BRL Hardy in Australia.
