Coca-Cola takes minority ownership stake in sport drinks brand Bodyarmor

USA - Coca-Cola is taking a minority ownership stake in Bodyarmor, a fast-growing line of premium sports performance and hydration beverages for an undisclosed sum. The company said that through the strategic relationship, Bodyarmor will remain an independent company and gain access to the expansive Coca-Cola bottling and distribution system. The initial investment, which will…

Champ Malta producer Champion Breweries profits fall 7% on rising costs

NIGERIA - Champion Breweries plc, Akwa Ibom based producer of Champion lager beer and Champ Malta has recorded 6.53% decline in profit to US$223,102.93 for the half year ended June 2018 from US$238,345.99 in 2017. According to Beverage Industry news, the decline was blamed on rising cost of selling and distribution expenses, which rose 95%…

La Casera launches affordable premium option of its apple drink

NIGERIA - The soft drinks manufacturer, The La Casera Company (TLCC) has unveiled ‘Full Option SKUs’, different sizes of its apple drink to ensure more options and affordability of the premium product, reports Beverage Industry news. The brand La Casera Apple drink which is made of 5% real apple juice, is now available in 35cl,…

Carlsberg increases ownership in Cambodian brewer to 75%

INDIA – Carlsberg, one of the leading brewery groups in the world, has increased its ownership in the Cambodian brewer Cambrew Limited (Cambrew) by 25% and as a result, the Carlsberg Group now owns 75% of Cambrew. According to the company, Cambrew is among the largest brewers in Cambodia. Its largest beer brand – the…

PepsiCo’s Varun Beverages profit rises 25% with revenue matching estimates

INDIA - Varun Beverages Ltd (VBL), PepsiCo’s largest franchise bottler of soft drinks has reported that its consolidated net profit in the second quarter increased by 24.92% to US$44.14 million while revenue matched estimates, reported Indiainfoline. Profit margin contracted by 150bps year-on-year due to sub-optimal volumes/margins in acquired sub-territories. Also, during the quarter company had…

Monster Beverages reports net sales rise 12% to surpass US$1b threshold

USA – Monster Beverages, an American beverage company that manufactures energy drinks, has reported a net sales increase of 12% to exceed US$1 billion threshold in its quarterly sales results. According to the company, the net sales for the 2018 second quarter increased 12% to US$1.02 billion from US$907.1 million in the same period last…

Heineken launches new brew infused with marijuana instead of alcohol

USA – Heineken, a pale lager beer producer, has introduced a new brew, Hi-Fi Hops, from California beer brand Lagunitas, made with marijuana instead of alcohol. The company said the new brew is part of a growing trend of established companies diving into the marijuana industry and could give a boost to the struggling beer…

Coca-Cola European Partners reports first half year revenues at US$6.19m

USA - Coca-Cola European Partners, has announced its interim results for the six months ended 29 June 2018 with a reported revenue totalled at US$6.19 million, maintaining full-year 2018 outlook. According to the company, the first-half diluted earnings per share were US$0.97 on a reported basis or US$1.15 on a comparable basis, including a negligible…

AB InBev to build new brewery in Mozambique, Nigerian brewery to open this month

MOZAMBIQUE- Anheuser-Busch InBev (AB InBev), the world’s largest brewing company has said it is investing in a new brewery in Maputo, Mozambique whose construction is set to start second-half of 2019. While the sum of the transaction was not disclosed, the Belgian based brewer said the new facility will have a capacity of 2-million hectoliters…

Coca-Cola Beverages SA appoints Flora Jika as new logistics director

SOUTH AFRICA - Coca-Cola Beverages South Africa (CCBSA) has appointed Flora Jika as the new logistics director after working with the company for almost ten years, Business Day has reported. Jika, a holder of master’s degree in industrial engineering from Wits University, joined CCBSA in 2008 after a four-year stint at Anglo American’s Witbank coalfields.…