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Beverages
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Coca-Cola HBC consolidates presence in Africa with acquisition of 75% stake in CCBA
The transaction marks a major step in Coca-Cola’s global refranchising strategy and expands Coca-Cola HBC’s footprint across Africa.
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Heineken to restructure Amsterdam headquarters, impacting 400 jobs under EverGreen 2030 strategy
The restructuring aims to streamline operations and strengthen Heineken’s focus on digital transformation and global growth initiatives.
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LVMH sees modest Q3 growth in wine and spirits as champagne offsets cognac declines
The luxury group’s wine and spirits division reported slight third-quarter growth, fueled by resilient Champagne demand and improved rosé wine sales.
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Premier Group to acquire RFG Holdings in US$1.62B share-swap deal
The acquisition will create one of South Africa’s largest food producers with combined annual revenue projected at R28 billion.
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Pernod Ricard reports 7.6% drop in Q1 organic sales amid weakness in US, China markets
The spirits maker faced sharp sales declines in the US and China, driven by inventory adjustments and economic headwinds.