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Beverages – M&As, Funding & Investments
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Manzi Water expands stores in South Africa amid growing demand for bottled water
Seven new Manzi Water outlets will open nationwide as water shortages, droughts, and infrastructure issues strain public supply.
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India’s Red Rhino launches advanced brewery to expand craft beer distribution in Bangalore
Red Rhino’s Malur facility enhances beer freshness and scale, bringing premium craft brews to more venues across Bangalore.
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Constellation Brands cuts outlook as Trump tariffs pressure beer, spirits business
Constellation expects softer sales and earnings in fiscal 2026, citing U.S. import tariffs and wine portfolio divestment.
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Starbucks India targets aggressive expansion despite FY24 losses, declining revenue
Despite a US$9.28M crore loss in FY24, Starbucks India plans rapid expansion with a focus on store formats and product innovation.
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Diageo trades Ciroc North America rights for majority stake in Tequila Brand Lobos 1707
Diageo restructures spirits portfolio by swapping Ciroc North America brand rights for global majority control of Lobos 1707 Tequila.