Beverages
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India’s largest wine producer Sula Vineyards launches US$116m IPO
INDIA – Sula Vineyards Ltd, India’s largest winemaker, has set the price band for its initial public offering (IPO) at Rs 340-357 (US$4.13- 4.37) a…
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PepsiCo plans for job cuts in North America Unit ahead of anticipated recession
US – PepsiCo, the maker of Pepsi soda, has joined the growing list of American companies reducing headcount ahead of an anticipated recession, according to…
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Nigeria’s carbonated soft drinks stakeholders cry foul over proposed 20% Ad-valorem Excise Tax
NIGERIA – Stakeholders in the carbonated soft drinks sub-sector of the Manufacturers Association of Nigeria (MAN) have yet again raised alarm about the proposed 20…
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Castel Group appoints former Castel Malawi boss Herve Milhade as BGI Ethiopia’s new CEO
ETHIOPIA – BGI Ethiopia, subsidiary of the Castel Group, has appointed Mr Herve Milhade as the company’s new General Manager (CEO), replacing Mr Laurent Lescuyer.…
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AB InBev to inject additional US$60.8m into expanding Mysuru plant
INDIA – Belgium-based multinational brewer, AB InBev, has expressed interest to scale the production capacity of its plant in Mysuru with another ₹500 crores (US$60.8m).…