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Beverages – LATEST NEWS
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SBM buys 33% stake in Africa Retail Market in US$4.2M deal
Castel-backed SBM strengthens distribution foothold as Morocco’s grocery sector sees aggressive store expansion.
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Cameroon raises excise duties on wines, spirits under 2026 Finance Law
Imported champagne faces CFA100/cl tax as government targets growing alcohol imports for extra revenue.
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Lee Li Holdings unveils US$533M expansion to boost Ontario’s beverage manufacturing sector
New AI-powered, eco-friendly facility adds 100,000+ sq ft to serve juices, iced teas, sparkling water and private-label brands.
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Nestlé’s Peter Brabeck-Letmathe to step down as Chairman Emeritus in April 2026
57-year Nestlé veteran who shaped Nespresso and global coffee strategy ends honorary role.
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Almarai appoints Fawaz Al-Jasser as new CEO
Long-serving executive replaces Abdullah Albader as Q3 net profit rises 7.5% to SR613 million.