WORLD NEWS
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Refresco to expand manufacturing footprint in North America with purchase of Coca-Cola production sites
US – World’s largest independent bottler of beverages Refresco has entered into an agreement to acquire three production facilities belonging to the Coca-Cola company in the US to expand its North American manufacturing…
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Grupo Bimbo posts strong Q2 results, sells AI-focused subsidiary to Mekitec
MEXICO – Mexican multinational baking company Grupo Bimbo has reported strong Q2 results where net sales grew 6.6% driven volume growth in multiple categories, mainly snacks, confectionery, buns…
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Heineken posts 109% profit growth in H1 but full year optimism falls as commodity costs rise
NETHERLANDS – Dutch brewing company Heineken has more than doubled its first-half operating profit mainly driven by beer volume growth and a strong Heineken brand. The maker of Heineken, Tiger,…
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PepsiCo to offload majority stake in juice business to focus more on healthy snack and beverage portfolio
USA – American multinational food and beverage company PepsiCo has agreed to sell certain juice assets across North America and Europe to private equity firm PAI Partners for…
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Molson Coors enters full-strength spirit market with launch of Five Trail blended American whiskey
US – American multinational drink and brewing company Molson Coors is set to launch its first blended American whiskey as part of its beyond the beer aisle…