WORLD NEWS
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AB InBev reports 12.2% sales increase in Q3 2022 financial results, lifts full-year outlook
BELGIUM – AB InBev has posted organic revenue growth of 12.1% for its third quarter, enabling it to raise the full year’s revenue outlook by…
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Herdez del Fuerte acquires Interdeli and associated business Deli, Dips & Snacks for US$29.4m
MEXICO – Herdez del Fuerte, an equally-split joint venture between Grupo Herdez and Mexican conglomerate Grupo Kuo, has acquired Libanius (Interdeli and Deli, Dips &…
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Coca-Cola India hit 2.5 billion transactions in Q3, sprite becomes billion-dollar brand in the Indian market
INDIA – Global soft drinks major Coca-Cola Company said it drove 2.5 billion transactions in India at affordable price points through the expansion of returnable…
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Ausnutria Dairy acquires 50% stake in Dutch cheese producer Amalthea to expand outreach
NETHERLANDS – Ausnutria Dairy, a pediatric milk formula company, has agreed to purchase a 50% stake in Dutch cheese producer Amalthea, in a bid to…
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China Beer Holding unit to acquire 55.19% stake in baijiu manufacturer for US$1.57bn
CHINA – A strategic business unit of the maker of Snow, China Resources Beer Holdings (CR Beer), has agreed to pay 12.3 billion yuan (US$1.57…