Beverages – LATEST NEWS
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Varun Beverages to acquire Devyani Food Industries Kenya business for US$32M
The acquisition strengthens Varun Beverages’ manufacturing capabilities in Kenya while expanding its presence in dairy beverages, juices and packaged drinking water across East Africa.
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Marriott International ends 34-year PepsiCo partnership, signs global beverage deal with Coca-Cola
The agreement will introduce Coca-Cola beverages across Marriott’s global hotel portfolio, including properties in Africa, the United States, China and France, through a phased rollout.
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Tilaknagar Industries increases stake in Bartisans
Tilaknagar Industries has increased its stake in Bartisans to 41.45%, backing the premium cocktail mixer brand’s expansion through quick commerce and new product innovation.
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Diageo appoints John Musunga as Africa Managing Director
John Musunga relocates to Nairobi to lead Diageo’s Africa operations, reflecting the company’s confidence in the region’s long-term growth potential.
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Carlsberg confidentially files for India IPO
Carlsberg plans to list its Indian business without raising fresh capital, reflecting growing confidence in India’s expanding beer market and buoyant equity landscape.