Beverages
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Coca-Cola acquires sports drink brand Bodyarmor in US$5.6 billion deal, unveils first 100% plant-based plastic bottle
USA – Coca-Cola, a US-based multinational beverage company, has bought full ownership of sports drink maker Bodyarmor for $5.6 billion, making it the company’s largest…
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Heineken’s EverGreen strategy gathers momentum as 9-month profit rise to US$3.56B
NETHERLANDS – Heineken, the world’s second-largest beer manufacturing company, has reported a €3.08 billion (US$3.56 billion) net profit for the first 9-months of 2021, a…
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Coca-Cola’s Q3 revenues rise to US$10B as recovering markets stimulate demand
USA – US multinational beverage giant, the Coca-Cola Company has reported a 16% rise in third-quarter net revenue buoyed by a continued rise in demand for…
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UK brewers launch net zero emissions roadmap, Innis & Gunn receives approval for Edinburgh brewery
UK – The UK brewing industry has launched a roadmap to net-zero carbon emissions to help industry players in their journey towards a carbon-positive future. …
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South Africa Breweries switches to renewable energy in production of Castle Lite
SOUTH AFRICA – South Africa Breweries has resorted to using renewable energy in brewing its extra cold refreshment, Castle Lite, in a bid to beat…