PepsiCo to acquire 26% stake in China’s Natural Foods for US$131m

CHINA – PepsiCo has announced that it will acquire 26% stake in China’s second-largest natural health food company, Natural Food International for US$131 million. The US-based beverages and snacks giant will acquire issued ordinary shares […]

Canada finalizes legal framework on cannabis production and sale

CANADA – The government of Canada has completed regulations for the production and sale of cannabis and related products as it anticipates a surge in sales of cannabis beverages in the near future. The new […]

Packaging firm BillerudKorsnäs partners Alpla for sustainable paper bottle

SWEDEN – Swedish packaging materials provider BillerudKorsnäs has joined forces with Alpla, an Austrian plastics manufacturer in a joint venture to develop a sustainable paper bottle. The joint venture will be formed in the Danish […]

EU parliament approves ban on single-use plastics to fight pollution

EU – The European Union legislators have approved a sweeping ban on single-use plastic products in renewed efforts to tackle plastic waste and micro plastic pollution. The European Parliament has voted in favor of ‘The […]

Givaudan opens new US$1.2m flavour commercial center in Morocco

MOROCCO – Givaudan, a leading flavour and fragrance company, has commissioned a new Flavours technical and commercial centre in Morocco, an investment valued at US$1.22 million. The investment is part of Givaudan’s growth plan in […]

Jubilant announces PepsiCo as new beverage partner for Domino’s

INDIA – Jubilant FoodWorks, the Indian restaurant operator has signed an exclusive agreement with PepsiCo as its new beverage partner for Domino’s Pizza, a fast-food chain it operates in India. According to an ET Retail, […]

Coca Cola reports strong volume growth with 6% rise in organic revenue

USA – The Coca-Cola Company reported strong operating results in the third quarter, recording 6% growth in organic revenues with volume growth across all operating groups. Net revenues declined 9% to US$8.2 billion, impacted by a 13-point […]

Coca-Cola European Partners reports 4% rise in revenue to US$9.88b results for the third-quarter

LONDON – Coca-Cola European Partners plc (CCEP), has announced its interim results for the third-quarter ended 28 September 2018, with a 4% rise in revenue to US$9.88 billion. According to the company, the nine months […]