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Beverages
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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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Nile Breweries cuts water use by 40% at Mbarara plant, advances sustainability efforts
Innovative water-saving technologies and community restoration projects highlight Nile Breweries’ ongoing commitment to sustainable water management.
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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.
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Nigerian Breweries records US$703.3M revenue in 2024 amid economic challenges, innovation drive
Despite macroeconomic headwinds, Nigerian Breweries expands market share with new products and strategic acquisition in wine and spirits.
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Global alcohol market volumes dip below pre-pandemic levels as RTDs, Spirits show resilience – IWSR
Shifting consumption trends, economic pressures, and on-trade closures impact global alcohol sales across major markets.