AB InBev’s ZX Ventures acquires UK-based spirits company Atom Group

UK - AB InBev’s incubator, operator, and venture capital team ZX Ventures has acquired Atom Group, a company brand of spirits based in the UK for an undisclosed sum. Atom Group is a drinks company that encompasses production of spirits under the Atom Brands and importation, distribution and brand development via Maverick Drinks; to global…

Zeder Ltd financial report falls from harsh macro environment impact results

SOUTH AFRICA - Zeder Investments Ltd., the South African company that focuses on agri, food and beverage sectors said its financial results for the year ended 28 February 2018 was impacted by challenging macro conditions. Most of its portfolio companies including Pioneer Foods, Capespan, Zaad and Agrivision Africa reported losses from the impact. According to…

Nestle reports a 2.8% organic growth with sales increase to US$22b

SWITZERLAND - Nestlé S.A, the Swiss transnational food and drink company has reported 2.8% organic growth, starting the year with 1.4% increase in sales to US$22billion. In 2018, Nestle is looking forward to 2-4% growth in organic sales, US$723 million in restructuring costs and increase its underlying earnings per share in constant currency and capital…

Ethiopia’s National Alcohol & Liquor Factory launches new product ‘National Vodka’

ETHIOPIA - The National Alcohol & Liquor Factory (NALF) of Ethiopia has expanded its vodka portfolio by launching a new product ‘National Vodka’ into the local market. At the time of the launch, the AddisFortune reported that the alcoholic vodka product, which is a year in its making, will be available in the market in…

Mondelēz International opens US$90m ‘Factory of the Future’ in Bahrain

USA - Mondelēz International, an American multinational food and beverage company has inaugurated its newest “Factory of the Future” in the Kingdom of Bahrain as it aims to meet the growing consumer demand. The company invested US$90 million in the state-of-the-art biscuit manufacturing plant that produces iconic Power Brands, including Oreo cookies and Barni soft…

Danone reports its first-quarter results with 10.8% increase in sales

FRANCE - Danone, a French multinational food-products corporation has reported its first-quarter results with a 10.8% increase in sales to Euro 6,085 million (US$7,477 million) boosted by its strong performance in infant nutrition foods in China. The company reported a strong start to the year with an increase of 4.9% sales growth and very strong…

Zimbabwe’s Delta Corporation revenue up 18% on beer volume growth

ZIMBABWE - Delta Corporation’s, the beer and soft drinks company of Zimbabwe revenue has increased 18% in the year to March 2018, attributed to higher beer volumes and growth in larger sparkling beverages. The Herald report cited a trading update for the fourth quarter and full year to March 2018, which included the results of…

Diageo invests US$185.8m in Scotch whisky attraction programme

UK - Diageo, the British multinational distiller will invest US$185.8 million in Johnnie Walker global brand attraction & distillery programme, Scotch Whisky tourism for over a period of three years in Scotland. The investment will be used to construct a new Johnnie Walker facility in Edinburgh to change Scotch whisky visitor experiences while acting as…

Britvic launches range of sparkling waters below the new sugar levy threshold

UK - Britvic, Hemel Hempstead based producer of soft drinks has unveiled a line of new sparkling water, Aqua Libra, a range which falls way below the new sugar levy threshold. The company said all the new flavors contain no added sugar or artificial flavourings, in line with the recently enacted sugar levy legislation in…

DanoneWave rebrands to Danone North America, receives B-Corp Certification

FRANCE - DanoneWave, a company merger between Danone and White Wave Foods, the American company for packaged food and beverages has been rebranded to Danone North America. Danone completed the acquisition of White Wave Foods for estimated US$12 billion cash in April last year, combining activities in North America to form DanoneWave. The company also…