FrieslandCampina Kievit says there is ‘tremendous opportunity’ for innovation in categories such as instant coffee, iced coffee and milk tea in the Philippines: opening its new ‘Innovation Kitchen’ in Manila to explore the possibilities.
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.
San Miguel says it is looking to expand its food and beverage
business outside of the Asian market, building on moves introduced
earlier this year to extend its business beyond the domestic market
and into Asia. Simon Pitman reports.