Beverages
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Bill Gates snaps up 3.7% stake in Dutch brewing giant Heineken for US$939m
NETHERLANDS – Billionaire entrepreneur and Microsoft co-founder, Bill Gates, has purchased a 3.7% stake (10.8 million shares) worth about US$939.87 million in the Dutch brewing…
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AB InBev confirms closure of Platform Beer Co.’s brewery and taprooms in Ohio
US – Belgian multinational drink and brewing company, AB InBev, has closed down Platform Beer Co.’s brewery and taprooms in Ohio due to “changing industry…
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Coca-Cola to integrate OpenAI tools in marketing and digital communications in partners with Bain & Co.
GLOBAL – Beverage giant, Coca-Cola has struck a deal with management consultancy firm Bain & Co. to explore the use of OpenAI tools, including systems…
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South Africa to increase alcohol excise duty by 4.9% in budget year 2023/24
SOUTH AFRICA – In line with the proposal of the Beer Association of South Africa (Basa) to have the excise adjustment approach changed to one…
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Molson Coors posts 0.7% slump in Americas segment net sales, expects low single-digit rise in FY2023 net sales
USA – American beverage giant Molson Coors has reported its three years Revitalization Plan is bearing fruits in a view of strong results posted for…