Grupo Bimbo posts strong Q2 results, sells AI-focused subsidiary to Mekitec

MEXICO – Mexican multinational baking company Grupo Bimbo has reported strong Q2 results where net sales grew 6.6% driven volume growth in multiple categories, mainly snacks, confectionery, buns and rolls, and pastries.  During the quarter ending June 30th, Grupo Bimbo generated record profits while boosting return on equity by 280 basis points.  Regionally, the company’s North American business remained resilient amid a pandemic and managed to deliver sales growth of 0.9% buoyed by a strong delivery of the group’s branded business led by sweet baked goods, buns and rolls, and snacks.  In Mexico, sales rose 14.7%, attributable…

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Heineken posts 109% profit growth in H1 but full year optimism falls as commodity costs rise

NETHERLANDS – Dutch brewing company Heineken has more than doubled its first-half operating profit mainly driven by beer volume growth and a strong Heineken brand.  The maker of Heineken, Tiger, and Sol, said operating profit before one-offs surged 109% on an organic basis to 1.63 billion euros ($1.93 billion).   This is an impressive feat for a company that reported a first-half net loss of €297m (US$352m) in 2020 and was forced to introduce a raft of measures including 8,000 job cuts across its global portfolio.  The company’s net revenue jumped 14.1% on an organic basis…

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PepsiCo to offload majority stake in juice business to focus more on healthy snack and beverage portfolio

USA – American multinational food and beverage company PepsiCo has agreed to sell certain juice assets across North America and Europe to private equity firm PAI Partners for US$3.3 billion, as it looks to optimise its portfolio.  According to a report by FoodBev, the agreement includes a controlling stake in Tropicana, Naked, and other select juice brands across North America.  The deal which will lead to the creation of a new joint merger with PAI partners also includes an irrevocable option to sell certain juice businesses in Europe.  Upon completion of the transaction, PepsiCo will retain a 39% non-controlling minority interest in…

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Pick n Pay fully integrates Bottles operations into its business, re-branding to Pick n Pay asap!

SOUTH AFRICA – South Africa’s supermarket chain Pick n Pay has relaunched and rebranded its on-demand delivery service, Bottles, as Pick n Pay asap!. Bottles was launched in 2016 as South Africa’s first on-demand alcohol delivery app, and partnered with Pick n Pay in 2018. Following the prohibition on the sale of alcohol in March 2020, Bottles and Pick n Pay worked closely to pivot the app from liquor to grocery deliveries. In October last year, the retailer acquired the delivery startup, with Bottles founding members Enrico Ferigolli and Vincent…

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Molson Coors enters full-strength spirit market with launch of Five Trail blended American whiskey

US – American multinational drink and brewing company Molson Coors is set to launch its first blended American whiskey as part of its beyond the beer aisle campaign.   Named Five Trail, the new whisky made with Coors malt and Rocky Mountain water is scheduled for launch in September under the banner of the new Coors Whiskey Co.   According to a statement from Molson Coors, the 95-proof, ultra-premium whiskey, was distilled, blended, and bottled in partnership with Bardstown Bourbon Co. in Bardstown, Ky.    It’s made from a blend of Colorado single-malt whiskey and three bourbons, cut to proof…

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Zambian Breweries advocates for transparency, multi-sectoral approach to curb illicit alcohol trade

ZAMBIA – The Illicit alcohol trade has been rampant across the globe at the expense of the legitimate alcohol manufacturers who contribute not only to the exchequer but also create thousands of job opportunities. Other than looking at the economic implications of the illicit trade, consumers health’s are at a risk as the illicit market continues to predominantly supply smuggled beverages that often lack proper certification from standards agencies. According to the recently launched EY Economic Impact Analysis report by Zambian Breweries, the illegitimated trade has grown at such a…

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AfDB, Aliko Dangote Foundation, Big Win Philanthropy commit to end child stunting in Africa

AFRICA – Malnutrition continues to rob generations of Africans of the chance to grow to their full physical and cognitive potential, hugely impacting health outcomes and economic development. In 2020, 61.4 million African children were registered as stunted, with Africa being the only region where the number of stunted children has risen and 40% of all stunted children in the world live on the African continent. To address this crisis, the African Development Bank has been committed to scaling up the proportion of its investments that are nutrition-smart in the…

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USAID partners with Senegalese companies to realize US$9.9m investment in food industry

SENEGAL – The USAID-funded West Africa Trade & Investment Hub (Trade Hub) has entered into a US$9.9 million co-investment partnership with a trio of Senegalese businesses to create jobs and build new markets to recover from COVID-19 restrictions. The West Africa Trade & Investment Hub awarded co-investment grants totalling US$1.43 million (780 million in francs CFA) across the three promising Senegalese companies i.e., online fresh-grocery delivery company Club Tiossane and two women-led food companies, Biosene and Enterprise Aissatou Gaye (EAG). Biosene, with a total combined investment of US$2.18 million will…

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Carlsberg moves to new central office, extends digital manufacturing solutions to 28 breweries

DENMARK – Danish multinational brewer Carlsberg has moved to a new modern Central Office located on the same street as where the old Carlsberg brewery was originally founded in 1847 by brewer J.C. Jacobsen.   The new office with enough room for more than 700 employees has been described as a sustainable piece of construction with durable, long-lasting solutions made in natural materials.  The building’s copper façade is for instance made up of 50 percent recycled copper and transmits memories back to the old copper kettles used for brewing beer.  To reduce the energy consumption of…

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SimpliFine launches factory in Kenya seeking to expand market share in frozen foods, ready-to-cook segment

KENYA – SimpliFine, a food production company offering fresh, locally-sourced meat, vegetables, baked goods, and other foods to restaurants, hotels, and retail grocers across East Africa, has cut ribbon to its newly built food processing facility. This comes days after the company announced it will introduce 19 meat and vegetarian products in the market, as part of its rapid expansion strategy in the economy. These items include frozen meats, prepared meal accompaniments and a range of ready-to-cook prepared meals, complementing the quality French fries it supplies to restaurants, hotels, schools…

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