UK – Diageo, the fifth-largest spirits company by revenue, has expanded its alcoholic-free alternatives to its original iconic portfolio with…
Read MoreDiageo unveils non-alcoholic version of Captain Morgan Spiced Gold
Month: August 2023
Pernod Ricard reports 10% increase in net sales for fiscal year 2022/23
FRANCE – Pernod Ricard, the owner of Absolut vodka, has reported a 10% organic net sales growth to €12.1 billion…
Read MoreFoodservice group Bidcorp posts revenue surge of 33.4% in the fiscal year 2023
SOUTH AFRICA – Bidcorp, an international broad-line foodservice group, has posted a 33.4% revenue increase for the fiscal year 2023…
Read MoreBurger King faces class action lawsuit for selling 35% less sized Whopper burger than in adverts
USA – American-based multinational chain of hamburger fast food restaurants, Burger King, has been accused of misleading customers by showing…
Read MoreMinerva expands its beef empire with US$1.53 billion acquisition from Marfrig
BRAZIL – Beef industry giant, Minerva Foods has struck a deal to acquire cattle slaughtering and deboning plants from its…
Read MorePepsiCo to invest US$175M in grocery tech company Instacart
USA – PepsiCo has agreed to purchase US$175 million of the Series A preferred convertible stock in American grocery delivery…
Read MoreBubs Australia welcomes Reg Weine as new CEO, renews focus on growth
AUSTRALIA – Bubs Australia, a prominent player in the infant formula industry, has announced the appointment of Reg Weine as…
Read MoreChina’s seafood ban sparks plant-based opportunities amidst environmental concerns
CHINA – A recent ban by China on importing Japanese seafood due to concerns about radiation from the Fukushima wastewater…
Read MoreKOA commissions Africa’s largest cocoa fruit factory in Ghana
GHANA – KOA, a Swiss-Ghanaian start-up in the cocoa industry, has inaugurated a US$ 10 million cocoa fruit factory in…
Read MoreSavanna Beef to initiate abattoir construction
NAMIBIA – Savanna Beef Processors Limited (SBPL) has recently achieved a momentous feat as its shareholders overwhelmingly sanctioned the commencement…
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