Beverages
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Nigeria, South Africa among key markets projected to have 34% growth in E-commerce alcohol sales: IWSR
GLOBAL – Nigeria and South Africa are among 16 key markets where total ecommerce sales of beverage alcohol are expected to contribute an additional US$10bn+…
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Coca-Cola Company reiterates plans to list African bottling unit CCBA “once market conditions become more favorable”
USA – The Coca-Cola Company (TCCC) has reiterated planed to its African bottling unit Coca-Cola Beverages Africa as a publicly traded company once conditions become…
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FEMSA parts with full shareholding in Heineken to focus on core business verticals
NETHERLANDS – Fomento Económico Mexicano(FEMSA), a Mexican multinational beverage and retail company, has announced it will divest its full shareholding in HEINEKEN and Heineken Holding…
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Coca-Cola HBC reports 28.3% net sales rise in FY2022, plans for price hike
SWITZERLAND – World’s third-largest Coca-Cola anchor bottler, Coca-Cola HBC AG, has reported double-digit growth in the full year 2022 net sales to €9.2 billion (US$9.87bn),…
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India alcohol beverage players jittery as whiskey imports rise to 60% in 2022
INDIA – The Confederation of Indian Alcoholic Beverage Companies (CIABC) has raised concern about the increase in imports of whiskey drinks with the commerce and…