Beverages
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Manna Capital Partners to inject US$600M into building Montgomery’s beverage park
US – Manna Capital Partners, a minority-owned business enterprise and investment firm, has announced its new affiliate Manna Beverages and Ventures (MB&V) will invest US$600…
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Pernod Ricard acquires majority stake in ultra-premium tequila Código 1530, boosting North America presence
US – Pernod Ricard is bolstering its agave portfolio across 50 states in the US and more than 30 international markets by acquiring a majority…
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Refresco acquires Aussie beverage maker in aggressive Buy&Build global expansion strategy
AUSTRALIA – Beverage contract manufacturer Refresco is expanding its global footprint with an agreement to purchase one of Australia’s leading manufacturers of non-alcoholic beverages, Tru…
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Nestlé reports 9.2% revenue rise in Q3 results, advances inflation costs to customers through price increase
SWITZERLAND – Nestlé has delivered strong organic growth in the nine months of sales after successfully passing on price increases to customers to reflect inflation.…
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Starbucks to divest Seattle’s Best Coffee brand to Nestlé
SWITZERLAND – Coffee giant Starbucks plans to divest its Seattle’s Best Coffee brand to Swiss multinational food and drink processing conglomerate corporation, Nestlé. The transaction,…