Whole Foods Market partners to launch cold brew bottle teas

USA – Argo Tea, the Chicago-based premium tea brand known for its all-natural tea-based signature drinks and loose-leaf teas, has partnered with Whole Foods Market to launch a ready-to-drink cold brew bottled teas range available in different flavours. “We’re passionate about creating new ways for people to experience tea. With our new cold brew teas, we…

PepsiCo India CEO resigns, new CEO set to join

INDIA - PepsiCo India Holdings Pvt. Ltd’s chairman and chief executive officer D. Shivakumar has resigned, and will be joining Aditya Birla Group as President (Corporate Strategy and Business Development). Ahmed El Sheikh, currently senior vice-president and general manager for PepsiCo Egypt and Jordan, will succeed Shivakumar as PepsiCo India CEO, the beverage maker said…

Nestle Nigeria rolls-out Milo RTD as competition heats up

NIGERIA - Nestle Nigeria Plc on Tuesday at its Lagos Headquarters unveiled a ready-to-drink version of MILO, the company’s flagship brand. The company which launched the new RTD at a Retailers’ Conference said that the product is made from natural products like cocoa, malt and milk, adding that it contains no preservatives and provides essential…

Kenyan taxman adds excise stamps on beverages

KENYA - The Kenya Revenue Authority (KRA) has introduced excise stamps on additional products from next month as it moves to seal leaks in the backdrop of higher collection targets set by the Treasury. The taxman said manufacturers will from November 1 be required to affix the new generation excise stamps on bottled water, juices, soda,…

Coca-Cola Nigeria to spend US$600m on new products by 2020

NIGERIA - Coca-Cola Nigeria Limited said it plans to invest $600 million by 2020 to boost sales, as part of the parent company’s global strategy to offer more consumer likeable products that goes beyond its carbonated soft drinks. The Nigerian subsidiary of the Atlanta-based soft drinks maker said it wants to expand its product offerings…

Coca-Cola business in India strong, CEO denies struggles

INDIA - Carbonated drinks industry in India has a 5% annual growth in value, according to the chief executive officer of Coca-Cola’s bottling firm, denying any decline in the category. “Since July we are seeing a double digit growth,” Christina Ruggiero, CEO at Hindustan Coca-Cola Beverages (HCCB) told a local newspaper. “We are not getting…

Crown Holdings to build new Spain plant as demand rises

SPAIN – Crown Holdings, a leading supplier of packaging products to consumer marketing companies around the world, plans on building a new plant in Valencia to meet rising aluminium cans demand. The packaging manufacturer which currently operates two steel beverages can plants in Spain, Agoncillo and Seville has announced it will build a new plant…