Beverages – LATEST NEWS

The Australian wine group cited weaker Penfolds sales in China and US distribution changes for scrapping its fiscal 2026 profit outlook.

The transaction marks a major step in Coca-Cola’s global refranchising strategy and expands Coca-Cola HBC’s footprint across Africa.

The restructuring aims to streamline operations and strengthen Heineken’s focus on digital transformation and global growth initiatives.

The luxury group’s wine and spirits division reported slight third-quarter growth, fueled by resilient Champagne demand and improved rosé wine sales.

The acquisition will create one of South Africa’s largest food producers with combined annual revenue projected at R28 billion.