WORLD NEWS
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Molson Coors offloads three RTD alcohol brands to Global Brands
UK – American multinational drink and brewing company, Molson Coors has divested its three alcohol brands to independent drinks company Global Brands, for an undisclosed…
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NCLAT upholds Rs 873 crore penalty on United Breweries and other beer makers
INDIA – The National Company Law Appellate Tribunal (NCLAT) has upheld the Rs 873-crore (approx. US$105.5 million) penalty imposed by the fair-trade regulator CCI (Competition…
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Benson Hill shifts focus to ingredient segment, divests Fresh business for US$21m
US – Benson Hill, a food tech company unlocking the natural genetic diversity of plants, has decided to focus on global opportunities across its Ingredients…
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Mondelēz divests gum business for US$1.35B as Mars explores acquisition of whole-fruit snacking brand Trü Frü
GLOBAL – Global snack and confectionery giant, Mondelēz International has agreed to offload its gum business in Canada, the US, and Europe to a leading…
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Low returns force Abbot Laboratories to pull out of Chinese infant formula market
CHINA – American infant formula giant Abbot Laboratories, is planning to discontinue the production and supply of infant formula in China saying the market is…