WORLD NEWS
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AB InBev to sell eight beer and drinks brands to Canadian cannabis company Tilray Brands for US$85M
USA – Anheuser-Busch InBev (AB-InBev) has agreed to sell eight craft brands from its portfolio to a Canadian cannabis company Tilray Brands for US$85 million,…
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FEMSA frames multibillion investment in new store as part of expansion move
MEXICO – Mexican Coca-Cola bottler FEMSA is considering investing between US$7 billion to US$8 billion in new store launches over the upcoming five to six…
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UN research shows differing approaches to sustainability among alt-dairy players
GLOBAL – A research study done by the UN has indicated that alternative dairy products are in the lead to boost sustainability and make significant…
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Campbell Soup expands reach in Italy with acquisition of Rao’s sauces owner Sovos Brands
USA – Campbell Soup, one of the largest processed food companies in the US, is expanding its wings in the Italian food market by agreeing…
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Peter Reidie steps down as Sanford’s CEO
NEW ZEALAND – Auckland-based and New Zealand’s largest seafood company, Sanford, has announced the resignation of its CEO, Peter Reidie on August 1, 2023. According…