Beverages
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AB InBev to sell eight beer and drinks brands to Canadian cannabis company Tilray Brands for US$85M
USA – Anheuser-Busch InBev (AB-InBev) has agreed to sell eight craft brands from its portfolio to a Canadian cannabis company Tilray Brands for US$85 million,…
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Mezcal bottles stuffed with 9.5 tons of liquid meth impounded at Mexican seaport
MEXICO – Mexican marines have impounded 9.5 tons of liquid methamphetamine filled in 7,200 Mezcal bottles bound for Australia. The meth was found in a…
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Alcohol volumes stagnate as inflation hit consumers cut back on alcohol: IWSR
GLOBAL – The global beverage alcohol is experiencing subdued growth as consumers limit their alcohol intake to free more cash for expenditure on groceries and…
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Monster Beverage completes acquisition of Bang Energy
US – California-based energy drink giant Monster Beverage Corp, through its subsidiary, Blast Asset Acquisition LLC, has completed the acquisition of Bang Energy owner Vital…
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KWAL relocates to US$28.3M Tatu City Industrial Park facility
KENYA – Kenya Wine Agencies Ltd (KWAL), a subsidiary of Dutch brewer Heineken, has officially relocated its production site to its newly commissioned Ksh 4…