Heineken’s organic net revenue rises 5.6% amid rising input costs

NETHERLANDS – The world’s second largest brewer, Heineken NV has reported 5.6% growth in organic net revenue in the first half, with rising input costs offsetting beer sales. The company which has maintained its full […]

Constellation acquires minority stake in rum maker Montanya Distillers

USA – Constellation Brands, through its investment venture initiative Focus on Female Founders has acquired a minority stake in Colorado-based craft rum maker Montanya Distillers. Focus on Female Founders program was launched last year with […]

Campari Group to acquire French rums Trois Rivières and La Mauny

FRANCE – Italian drinks company, Campari Group has entered into exclusive talks with Chevrillon to acquire French company Rhumantilles SAS, the owner of premium rum brands Trois Rivières and La Mauny. Rhumantilles owns 96.5% of […]

Molson Coors acquires stakes in Pardubicky Pivovar and Hop Stuff Brewery

EUROPE – Molson Coors, the parent company of American beer brewer, MillerCoors has acquired stakes in Pardubicky Pivovar of Czech Republic and UK’s craft beer maker, Hop Stuff Brewery. The acquisition is part of the […]

Diageo launches new fruit-flavoured Smirnoff Infusions in UK

UK – World’s spirits giant, Diageo has unveiled a new range of Smirnoff Infusions flavoured with fruit essence and natural ingredients, according to FoodBev media report. Made with Smirnoff No.21 Vodka, the Smirnoff Infusion is […]

Diageo begins construction of new US$130m Kentucky distillery

USA – World’s leading distiller, Diageo has broken ground on a new US$130 million distillery in Marion County’s Lebanon, Kentucky. The facility sitting on an approximately 144-acre space is expected to be fully operational in […]

AB InBev to sell Australian business to Asahi Group for US$11.3b

AUSTRALIA – AB InBev has agreed to sell its Australian business unit, Carlton & United Breweries (CUB) to Asahi Group Holdings, Ltd for AUD 16 billion (US$11.3 billion). As part of the transaction, AB InBev […]