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Beverages – LATEST NEWS
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Starbucks to reset India market strategy as Tata makes capital support conditional on smaller, localised coffeehouse format
Joint venture partner Tata withholds capital until Starbucks shifts to leaner, India-specific model focused on profitability.
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Diageo launches low-ABV alcoholic iced tea RTD across South Africa
Gordon’s enters the RTD tea category in South Africa through a national retail rollout created with rooibos iced tea maker BOS Brands.
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Lotte Chilsung discontinues KEG draft beer to shift focus to cans, bottles, and functional brews
Lotte Chilsung axes two 20ℓ draft beer lines, reallocates capacity, and ramps investment in non-alcoholic and functional beer segments.
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Nigeria senate divided over proposed excise tax hike on carbonated sugar drinks
Health bodies backed an SSB tax hike and earmarking for disease prevention, while manufacturers and finance officials flagged economic and fiscal concerns.
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Zambian Breweries H1 2025 revenue hits US$119.54M
Zambian Breweries posts double-digit revenue growth and a major profit turnaround, prioritizing debt reduction amid higher excise duty risks.