Pernod Ricard acquires majority stake in spirits producer Rabbit Hole

USA – Pernod Ricard has announced that it has agreed to acquire a majority stake in Louisville, Kentucky based spirits company, Rabbit Hole Whiskey for an undisclosed sum. The deal expands Pernod Ricard’s newly created […]

Symrise’s Diana Food opens R&D facility in Canada to drive innovation

CANADA – Diana Food, the nutrition and wellness division of Symrise has opened a new research & development facility in Quebec, Canada to promote innovation in consumer nutrition and well-being solutions. The new center will […]

Cannabis company Coda Signature raises US$24.4m in Series A funding

USA – Coda Signature, a leading brand of premium, cannabis-infused edibles, topicals and concentrates has closed US$24.4 million Series A funding round led by Granite Hall Partners. The funding round which looks to accelerate expansion […]

Coca-Cola to sell Nairobi regional headquarters facility, relocates to new office

KENYA – Multinational beverage giant, Coca-Cola is set to sell its facility in Nairobi, Kenya which served as the company’s East and Central Africa headquarters. Located in Upperhill in Nairobi, the three-storey complex covering 116,350 […]

FSSAI proposes ban on junk food advertisements in and around schools

INDIA – The Food Safety and Standards Authority of India has proposed a ban on junk food advertisements in and around school premises to protect school children from junk foods and unhealthy eating. This is […]

Coca-Cola and Costa launch ready-to-drink Costa Coffee

UK – Coca-Cola and Costa have launched a chilled ready-to-drink (RTD) Costa Coffee, the first product since Coca-Cola acquired the coffee company earlier this year. The coffee product is set to debut in the UK […]

PepsiCo appoints Ram Krishnan as Chief Commercial Officer

USA – PepsiCo has appointed Ram Krishnan as new Chief Commercial Officer in charge of the food and beverage giant’s global operations. Ram is currently Chief Executive Officer, Greater China for PepsiCo and will continue […]

Kellogg’s teams up with UK brewery to create beer from cereals

UK – The Kellogg Company has joined forces with UK brewery Seven Bro7hers to create beer from its rejected Rice Krispies and Coco Pops breakfast cereals. The two have co-created coco based ‘Sling it out […]

CCBA to buy stakes in Kenya’s Coca-Cola franchise bottlers in a US$192.5m valuation

KENYA – Coca-Cola Beverages Africa (CCBA) is set to acquire unknown stakes in two Kenyan Coca-Cola franchise bottlers from public investment company, Centum Investments. Centum, which operates as an affiliate of the Kenyan government-owned Industrial […]

Layn Natural invests US$60m in new CBD manufacturing facility in US

USA – China based Guilin Layn Natural Ingredients Corp. has invested approximately US$60 million in a new CBD manufacturing facility in the US. The facility is expected to be completed in 2020 with a capacity […]