Beverages
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Fever-Tree aims to expand outreach through acquisition of Powell & Mahoney
US – British producer of premium drink mixers, Fever-Tree, has acquired US non-carbonated cocktail mixer brand, Powell & Mahoney, for US$5.9 million. The tonic maker…
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PepsiCo rebrands SodaStream to meet growing consumer’s interest in innovation and mixology
ISRAEL – PepsiCo has announced the rebranding of its Israeli-based carbonated drinks subsidiary, SodaStream, to tap into its consumers’ growing interest in design, innovation, mixology,…
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Guinness Nigeria reports 29% growth in full-year revenue, driving profit growth
NIGERIA – Guinness Nigeria, a subsidiary of Diageo, has registered exemplary bottom-line performance in the full year ended June 2022, driven by increase in revenue…
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Asahi Group considers price hikes in Japan, prioritizes canned beer and healthier product innovation
JAPAN – Asahi Group, a Japanese global food and beverage giant, plans to introduce price hikes in Japan starting October 1 for beer-type beverages, RTD,…
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Coca-Cola Japan seeks to expand foothold in functional drinks market
JAPAN – Coca-Cola Japan has forged a partnership with Kirin Holdings to develop functional drinks that contain the live bacteria, lactococcus lactis strain plasma (LC-Plasma).…