Beverages
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Diageo to produce first China-origin single malt whisky in new US$75m whisky distillery
CHINA – British multinational beverage company, Diageo has broken ground on a US$75 million whisky distillery in Eryuan County, China which is set to produce…
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International Breweries grows revenue by 32.1% in Q3 2021 riding on consumer loyalty
NIGERIA – International Breweries Plc, the Nigerian unit of global brewer – AB InBev, has reported a 32.1% increase in revenue in the third quarter…
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Coca-Cola Europacific Partners pilots refillable concept in Sweden in push towards net-zero
SWEDEN – Coca-Cola Europacific Partners has launched a pilot in refillable on-the-go drinks solutions in Sweden as part of a push towards achieving its 2040…
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AB InBev upgrades full-year earnings forecast following unexpected profit rise in Q3
BELGIUM – AB InBev, the world’s largest brewer, has upgraded its full-year earnings forecast following an impressive Q3 where it posted a surprise increase in…
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Distell does well in home market but exports hit by supply chain disruptions
SOUTH AFRICA – South African wine, cider and spirits company, Distell, has entered its new financial year ending 30 June 2022, with positive results reporting…