WORLD NEWS
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The Institute of Brewing and Distilling appoints Tom Shelston as new CEO
UK – The Institute of Brewing and Distilling, an industry trade association for brewers and distillers, both in the United Kingdom and internationally, has appointed…
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No- and low-alcohol category value exceeds US$11bn in 2022, projected to have 7% growth by 2026: IWSR
GLOBAL – Sales of no- and low-alcohol drinks globally surpassed US$11 billion in 2022, up from $8 billion in 2018, with a consumption growth of…
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Germany will market 9.8% more hectoliters of wine in 2023: USDA report
GERMANY – Germany, a leading European market for foods and beverages, is projected to market around 9.4 million hectoliters (hl) of wine in the calendar…
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Subway exploring business sale, appoints JP Morgan chase as financial advisor
US – Global sandwich chain Subway has confirmed to be on sale after almost six decades of family ownership but did not indicate the valuation…
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Coca-Cola HBC reports 28.3% net sales rise in FY2022, plans for price hike
SWITZERLAND – World’s third-largest Coca-Cola anchor bottler, Coca-Cola HBC AG, has reported double-digit growth in the full year 2022 net sales to €9.2 billion (US$9.87bn),…