LATEST NEWS
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Independent alcohol company DGB takes over ownership of South African century old wine business Backsberg
SOUTH AFRICA – DGB, one of South Africa’s largest independent wine and spirit producer, has expanded its portfolio with acquisition of majority stake in Backsberg,…
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Zomato’s quarterly losses widen despite 22% jump in operational revenue
INDIA – Indian multination food delivery company Zomato has seen its net losses jump 168% from the previous quarter to Rs 360 crore (US$48m) despite the…
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French retailer Carrefour to sell Taiwanese business valued at US$1.19B
CHINA – French retailer Carrefour is planning to launch a sale of its Taiwan business, which is valued at around 1.6 billion euros (US$1.9 billion) in the…
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Shoprite builds skills of its butchers with launch of internationally-endorsed Master Meat Artisan Programme
SOUTH AFRICA – The Shoprite group, Africa’s leading retailer is seeking to develop a scarce and sought-after skill in the meat market with launch of…
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Swiss-based Coca-Cola bottler HBC records 88% jump in half year profits buoyed by recovery in out of home consumption
SWITZERLAND – Hellenic Bottling Company, the world’s third-largest Coca-Cola anchor bottler in terms of volume, has reported a 88% surge in net profit to 233.1 million euros (US$273.54…