Beverages – LATEST NEWS

The Penfolds owner will reduce vineyard production, write down US inventory and review its Americas portfolio as it seeks to improve future returns.

Suntory’s alcohol business saw strong momentum in India, led by Oaksmith, while weaker US distributor demand and inventory optimisation weighed on Americas performance.

Lagan Shastri brings nearly 30 years of beverage and FMCG experience as SLMG Beverages targets global bottling expansion and a US$10 billion valuation.

Proposed KES15.5 billion safeguard and refrigeration conditions deepen regulatory standoff over East Africa’s major brewing deal.

KDP’s refreshment beverages and international businesses delivered strong growth, while weaker US coffee performance remained a drag on profitability during the quarter.