Financials & Economy
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Distell achieves 13.6% revenue growth in South Africa for FY22, cautions on future prospects as global recession continues
SOUTH AFRICA – Distell, the second-biggest cider producer in the world, has reported a revenue rise of 13.6% with volume growth of 9.7% in South…
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Molson Coors posts 0.7% slump in Americas segment net sales, expects low single-digit rise in FY2023 net sales
USA – American beverage giant Molson Coors has reported its three years Revitalization Plan is bearing fruits in a view of strong results posted for…
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Beam Suntory posts 13% net sales rise in FY22, premium brands command half of full bottle spirits sales
JAPAN – Beam Suntory, a Japanese multinational alcohol company, has posted a 10.5% year-on-year jump in net sales in the 2022 full-year results that saw…
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Kraft Heinz to launch first IHOP’s branded coffee in April, pauses price hikes in some regions
US – American multinational food company, Kraft Heinz, has announced the first launch of IHOP’s branded coffee in both bags and K-Cups in April as…
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Maggi and Milo drive Nestle’s double digit sales growth in Middle East & Africa
MENA – Affordable offerings across Maggi and Milo, as well as broad-based demand for Infant Nutrition products, were the main driver’s of Nestle’s double-digit sales…