Beverages
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Uber to expand presence in food delivery market with acquisition of alcohol ecommerce platform Drizly
US – American technology company Uber is acquiring on-demand alcohol platform Drizly for about US$1.1bn as the ride-share company looks to expand delivery services that…
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World’s largest brewer AB-In Bev reaffirms commitment to US economy with new US$1bn investment
US – Anheuser-Busch, a wholly owned subsidiary of Belgium multinational drink and brewing company Anheuser-Busch InBev, has announced an investment of more than US$1 billion…
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Coca-Cola Beverages South Africa increases employee stake in business boosting BEE status
SOUTH AFRICA – Coca-Cola Beverages South Africa (CCBSA) has announced that it will transfer an additional 10% of shares to its employees, in a move…
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Distell rises above COVID-19 turbulence reporting 3.8% revenue rise in interim period
SOUTH AFRICA – Distell Group, producer and marketer of wines, ciders, spirit and ready-to-drinks beverages has reported 3.8% rise in half year revenue for the…
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Heineken extends dominance in Nigeria’s beer market by raising stake in Champion Breweries to 84.7%
NIGERIA – Multinational brewing company Heineken has raised its ownership in Champion Breweries with acquisition of 1,903,609,538 ordinary shares at a price of N2.6 per…