Beverages
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Refresco sells majority stake to investment company KKR to raise funds for global expansion
NETHERLANDS – Refresco, the world’s largest independent bottler of beverages, is set to be majority-owned by Global investment company KKR. This is after KKR…
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Coca-Cola Beverages South Africa supports small-holder farmers through Mintirho Foundation
SOUTH AFRICA – Coca-Cola Beverages South Africa (CCBSA) is celebrating five years of dedicatedly supporting emerging entrepreneurs in the South African agriculture sector through its…
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High operating expenses, high tax eat into Nigeria Breweries’ full year profit earnings
NIGERIA – Nigerian Breweries, subsidiary of Heineken International, closed the year 2021 on a high reporting 29.7% rise in revenue in the year ended December…
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South Africa Breweries calls for tax reduction to save industry
SOUTH AFRICA – South African Breweries is calling on the government to reduce the excise tax rate in its national budget or face further disinvestment…
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Suntory Beverage sells Australian coffee business to UCC Holdings for US$165m
AUSTRALIA – Japanese multinational beverage company Suntory Beverage & Food (SBF) is selling its Australian coffee business to UCC Coffee subsidiary, UCC ANZ Management for A$229…