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Beverages
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Austrian wine exports decline in 2024 amid global economic challenges
Austria’s wine exports saw a downturn in 2024, with declines in both value and volume due to shifting global market conditions.
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Diageo divests majority stake in Seychelles Breweries for US$80M
Diageo continues with its asset-light strategy as it exits Seychelles Breweries with an US$80 million stake sale to Phoenix Beverages.
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Celsius completes US$1.8B acquisition of Alani Nu
Celsius strengthens its position in the energy drink market with the acquisition of Alani Nu, targeting health-conscious consumers and global expansion.
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African Originals seeks to raise US$2M to expand cider production amid rising demand
The funding will enable African Originals to scale production and strengthen its market position as demand for ciders surges among Kenya’s younger consumers.
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Döhler North America strengthens natural ingredients portfolio with acquisition of Premier Juices
Döhler’s acquisition of Premier Juices enhances its fruit-based product offerings, bolsters supply chain efficiency, and supports growing demand for natural ingredients.