Coca-Cola reports 6% growth in Q2 revenues with a boost from Costa coffee

USA – The Coca-Cola Company has reported strong operating results in the second quarter of 2019, highlighting 6% growth in net revenues to US$10 billion. The company attributed the revenue growth to concentrate sales growth of 4% and price/mix growth of 2%. Other factors contributing to a standout performance included consumer-centric innovation, solid core brand performance and improved execution in the marketplace. Operating margin was 29.9% versus 29.4% in the prior year impacted by an approximate 185 basis point negative impact from currency headwinds and net acquisitions. During the period,…

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Kellogg’s and House Wine launches Cheez-It crackers with a wine box

USA – Cereals maker, Kellogg is partnering with House Wine to launch a limited-edition package of Cheez-It crackers and a bottle of red wine. Dubbed House Wine & Cheez-It, the product is one-part delicious box of Original Cheez-It, one-part Original Red Blend box of House Wine offered in a convenient package. Targeting the summer period, consumers can enjoy the cheesy, crunchy Cheez-It crackers with the red currant aromas and juicy red fruit delivered in House Wine’s Original Red Blend. “We are thrilled to partner with House Wine to combine their…

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Bidco Africa commissions US$200m industrial complex in Kenya

KENYA – Bidco Africa Group, one of the leading consumer good company in East Africa, has opened a US$200M (Sh20 billion) ultra-modern industrial park in Ruiru, Central Kenya. Speaking during the launch, Bidco Africa Chairman Vimal Shah, said the multi-million dollar complex is part of the company’s expansion plan and will host its beverage and food processing factory. The park sits on an 80-acre parcel land and comprises of a 550,000 litres per day effluent treatment plant, a 90,000 litres per hour water filtration facility and a 66-kilovolt power station…

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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 a focus on female-founded and female-led businesses doing disruptive and innovative work across alcoholic beverages. Founded by Karen Hoskin who is also President and CEO, Montanya Distillers produces award-winning rums such as Montanya Platino, Montanya Oro, and Montanya Exclusiva. With the transaction, Montanya Distillers will continue to manage, produce, market and sell its product portfolio.…

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Delta Corporation reports subdued performance as lager sales slip 57%

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer, reported a decline in its performance for the first quarter ended 30 June 2019 on the back of declining sales. The company saw its lager beer volumes declining by 57% while sparkling beverages volumes dropped by 79% compared to the prior year due to constrained demand and raw material supply related challenges. Delta reported a 92% increase in total group revenue, but only because the previous period’s reporting was valued in US$ and at the time there was still a one-to-one exchange…

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Ethiopian water bottlers forego neck seals in renewed sustainability drive

ETHIOPIA – Manufacturers of bottled water in Ethiopia have resolved to forego the use of neck seals, a decision aimed at promoting a sustainable environment by reducing plastic waste. The Ethiopian Bottled Water & Soft Drinks Manufacturing Industries Association said that the move, which took effect 23rd July 2019, is also aimed at saving foreign currency in addition to curtailing the negative impact of plastic on the environment. According to the Association’s chair, Getnet Belay, the decision was backed by a detailed study on the effect of neck seal packaging…

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Chandaria Group invests in Kenya’s food startup Savannah Brands

KENYA – Chandaria Group’s investment arm, Chandaria Capital, has invested in Kenyan food and beverage start-up, Savannah brands, as the first investor in the company’s seed funding round. Chandaria Capital backing marks and important milestone in the Nairobi based food and beverage company, which launched its products in the Kenyan market last year. The seed funding will accelerate Savannah’s ambitions of aggressively taking on the African food and beverage market through the innovative launch of a variety of product ranges in the juice, cider and snack categories. Savannah, led by…

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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 Martinique based company Bellonnie & Bourdillon Successeurs, which in turn produces the ‘to be acquired’ brands Trois Rivières and La Mauny. The brands have a strong presence in France and potential for international growth. Bellonnie & Bourdillon Successeurs also produces Duquesne, a brand designed for the local market. The transaction includes the brands, the land…

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Ardagh Group secures deal with spirits firm The Absolut Company

SWEDEN – Glass and metal products manufacturer, Ardagh Group has signed a ten-year agreement to supply The Absolut Company with glass bottles for the Absolut Vodka brand. The partnership with The Absolut Company which is owned by Pernod Ricard will focus on sustainability, innovation and future growth. This is expected to reinforce both the companies’ commitment to limiting their environmental impacts by reducing carbon emissions in the production of the iconic glass bottles. “It is very exciting to see the result of a cooperation between two companies located in small…

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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 company’s strategy to premiumize and expand its beer portfolio with an eye on the international market. The deal whose financial details were not disclosed involved Molson Coors subsidiary Staropramen taking an 89% stake in the brewery, Pardubický. Following the transaction, Molson Coors plans to invest into the brewery with an aim to more than double…

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