Beverages
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Blue Tokai Coffee Roasters raises US$30m to globalize operations and products
INDIA – Specialty coffee brand startup Blue Tokai Coffee Roasters has secured US$30 million in its latest Series B funding round to scale its business…
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Diageo to acquire fast-growing Philippine rum brand Don Papa for US$281m
PHILIPPINES – London -based multinational alcoholic beverage company Diageo is leaning Into Super-Premium drinks alongside whisky and tequila following reaching an agreement to buy the…
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PepsiCo invests in new warehousing facility in Arizona, expands GBSC in Hyderabad
GLOBAL – PepsiCo Beverages North America (PBNA) has opened a new 238,000-square-foot warehousing facility in Goodyear, Arizona, to house 300 employees at full capacity. The…
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Kenya plans to raise stamp duty on alcohol, juices by up to four times
KENYA – Barely four months after the Kenya Revenue Authority (KRA) implemented an excise duty inflation adjustment on beer, juice, wine, water, and confectioneries, the…
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Mitsubish yet to decide future of UK food and drink company Princes
UK – Mitsubishi Corp. has appointed an M&A adviser at Houlihan Lokey to handle a sale process for its UK food-and-beverage subsidiary Princes when the…