Starbucks to form a strategic retail partnership with Alibaba

CHINA - Starbucks Coffee Company, a multinational coffee company, and Alibaba Group Holding Ltd., a Chinese multinational e-commerce company, have announced a strategic “New Retail” partnership to expand market service. According to Starbucks, the partnership will enable a seamless Starbucks Experience and transform the coffee industry in China. Starbucks announced plans to pilot delivery services…

Coffee company Bulletproof raises over US$40m in completed Series C funding

USA - Bulletproof 360, Inc., the manufacturer of coffee, tea products, and dietary supplements for upgrading mind and body,  has announced that it completed a Series C funding after raising more than US$40 million in equity and debt financing. Other participants in the round included Trinity Ventures, an early Starbucks and Jamba Juice investor, and…

Nestle inaugurates a new US headquarters in Arlington, Virginia

USA – Nestlé, the multinational food and beverage company, has inaugurated its new U.S. headquarters in Arlington, Virginia through a celebration that will convene Nestlé leadership and employees, elected officials and community members. According to the company, the new location in the Rosslyn neighborhood is home to Nestlé USA’s corporate functions, its Beverage, Baking &…

Coca-Cola Beverages Africa to launch its sparkling fruit juice Appletiser in Spain

SOUTH AFRICA - Coca-Cola Beverages Africa has announced that it is set to launch South Africa’s sparkling fruit juice Appletiser in the European market starting with Spain, with later introductions in Western Europe and the Americas. Appletiser is a home-grown apple juice brand acquired by The Coca-Cola Company two years ago and has seen successful…

Schweppes Zimbabwe to venture into oranges production to boost juice feedstock

ZIMBABWE - Schweppes Zimbabwe Ltd, a soft drinks producer under The Coca-Cola licence, is considering to start production of oranges to boost its supply chain for its juice processing plant in Beitbridge, reports the Herald. Strong demand for the commodity in the global market has put pressure on the processing facility which currently sources its…

Nigerian Breweries profits fall 22% on new duty and tax revisions in the quarter

NIGERIA - Heineken’s Nigerian Breweries has reported 22% decline in Profit After Tax (PAT) to US$49.78 million impacted by new exercise duty and higher tax rates on beer in the first quarter of this financial year. The federal government announced new excise duty rates on alcoholic drinks and tobacco, spread over a three-year period targeting…

Nigerian Breweries establishes new US$275.2m ‘Commercial Paper’ programme

NIGERIA - Nigerian Breweries Plc, a subsidiary of Heineken N.V. Group has set up a US$275.2 million Commercial Paper (CP) programme to complement other sources of working capital, while diversifying its funding sources to include non-bank investors, the Guardian has reported. The programme would be issued in tranches or series with specified amounts, dates, discounted…

Bakhresa food group rebrands juice range with an eye on export market

TANZANIA - Bakhresa Food Products Ltd has rebranded its juice range Azam to African Fruti as it looks to expand into the African and world market, Daily News has reported. The fresh look features a vibrant African setting targeting especially African countries, providing a different offering but of the same high quality as Bakhresa products.…

EABL revenues rise 5% on higher spirits as testing begins at new Kisumu plant

KENYA – The East African Breweries Limited (EABL), a subsidiary of the British multinational Diageo Plc, has reported 4.57% increase in revenue to US$731.8 million attributed to strong sales in its spirits segment and bottled beer in Kenya and Tanzania. The brewer is now banking on increased sales of its spirits in the region and a…

FDA to enforce regulations against use of cannabidiol in plant-based foods & beverages

USA – the Food and Drug Administration (FDA), have reported that it plans to enforce regulations against the use of cannabidiol (CBD) in plant-based foods and beverages. According to the administration, the California Department of Public Health (CDPH) issued a revised FAQ in which it prohibited the use of CBD derived from industrial hemp in…