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Financials & Economy
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UK’s online sales of alcoholic drinks hit low margins of 20.6% in August: IMRG
UK – Online sales of beers, wines, and spirits in the UK fell by 20.6% in August compared with the same period last year, according…
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McCormick to underperform in 2022 as supply chain challenges, inflation hurt sales
USA- McCormick & Co. has reported that its business is being negatively impacted by supply chain issues that are taking longer to resolve and inflation…
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South African food manufacturer AVI reports 4.3% growth in full year revenue
SOUTH AFRICA – South African food producer AVI has reported 6.1% rise in headline earnings per share (Heps) to 530.6c from 499.9c in the full…
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Fever-Tree aims to expand outreach through acquisition of Powell & Mahoney
US – British producer of premium drink mixers, Fever-Tree, has acquired US non-carbonated cocktail mixer brand, Powell & Mahoney, for US$5.9 million. The tonic maker…
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Libstar achieves 22% interim profit jump buoyed by growth across all its categories
SOUTH AFRICA – South Africa based consumer goods group, Libstar, has reported a 9.6% growth in half year revenue for the six months ended June…