Beverages
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Starbucks finalizes China joint venture with Boyu Capital to accelerate expansion, growth strategy
Starbucks completes China JV with Boyu Capital, shifting to a licensed model to drive expansion, innovation, and competitiveness in the fast-growing coffee market.
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US spirits exports fall 3.8% to US$2.37B in 2025 as trade disputes hit Canada, EU markets
US spirits exports decline in 2025 as trade disputes disrupt Canada and EU markets, while growth in emerging destinations partially offsets losses.
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Pernod Ricard exits sells Mumm Napa, Kenwood assets in strategic U.S. wine exit
Pernod Ricard exits key U.S. wine assets, selling Mumm Napa and Kenwood to Trinchero and Korbel to sharpen focus on premium spirits and champagne growth.
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UAC of Nigeria reports 73% revenue growth to US$245.14M despite profit decline in 2025
UAC of Nigeria posts strong revenue growth driven by CHI acquisition and core operations, but profitability declines due to rising finance costs and earnings pressure.
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BUA Foods posts 95% profit growth to US$373.25M as revenue hits US$1.27B in 2025
BUA Foods delivers strong 2025 financial performance with rising revenue, higher profits, improved liquidity, and a significant dividend increase driven by operational efficiency.