CCEP takeover of Coca-Cola Amatil inches closer to completion following shareholder approval

AUSTRALIA – Coca-Cola Amatil, one of the world’s five major Coca-Cola bottlers, has announced that its independent shareholders voted in favour of Coca-Cola European Partners acquiring the Australian firm for A$9.93 billion ($7.68 billion). Approval of the takeover is a major step forward in the takeover deal that was first announced in 2020 with an initial offer deal of US$6. 18 billion tabled by CCEP for a 69.2% stake in Australian counterpart. CCEP later sweetened its takeover offer in February to US$7.68 billion or A$13.5 per share from A$12.75 after…

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PepsiCo expands Mountain Dew portfolio as RedBull debuts new limited edition dragon fruit energy drink

US – U.S. multinational food and beverage company, PepsiCo has expanded its Mountain Dew portfolio with the launch of a zero-sugar version of its Mountain Dew Frost Bite drink. The new Mountain Dew Frost Bite Zero Sugar will be sold in 20oz bottles and 12-packs of 12oz cans and comes  on the heels of the Mountain Dew Frost Bite launch at Walmart last year. “Dew is thrilled to introduce Mountain Dew Frost Bite Zero Sugar for fans who want a delicious zero-sugar option,” said Nicole Portwood, vice president, marketing, Mountain…

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Canada’s top-selling CBD-infused beverage to launch in the US as more users embrace Cannabidiol

US – Quatreau sparkling water brand, Canada’s top-selling ready-to-drink CBD beverage, has launched in the United States and will be available in states that permit the consumption of cannabidiol (CBD). The beverage which is available in four flavors would be sold online for starters as its producer makes arrangement to have it stocked on store shelves before the end of the year. In an interview with CNBC, Canopy CEO David Klein told the business network his company would benefit from its relationship with Constellation Brands, which owns nearly 40% of…

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Diageo unveils alcohol-free Tanqueray gin variant to meet rising demand for low alcohol products

UK – British alcoholic beverages giant Diageo has launched an alcohol-free variant of its popular gin brand Tanqueray as part of efforts to align itself with shifting preferences of alcohol consumers. According to the alcoholic drinks major, the alcohol-free gin alternative is crafted from the same distilled botanicals as Tanqueray London Dry including juniper, coriander, angelica and liquorice. “Individually immersed in water, the botanicals are heated and then distilled to create the ‘distinct flavours’ associated with Tanqueray,” Diageo said in a statement. Tanqueray master distiller, Terry Fraser said: “we are…

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Hindustan Coca-Cola Beverages to source 50% of its energy from renewable sources

INDIA – Hindustan Coca-Cola Beverages (HCCB) has ramped up its renewable and clean energy capacity and will now be able to meet 50 per cent of its total energy requirements through these sources. The milestone is in sync with the company’s plan to reduce its carbon emissions 25 per cent by 2030 from a 2015 base year. HCCB achieved this milestone through increasing annual power generation from renewable sources from around 70 million units in 2019 to the current level of around 95 million units. To further lower its carbon…

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Guinness Nigeria registers loss in half year period despite 6% rise in revenue

NIGERIA – Diageo’s Nigerian operating unit, Guinness Nigeria Plc has reported a 6% rise in half-year revenue in the period ended December 31, 2020 from N68.327 billion (US$179.2m) of the corresponding period of the previous year to N72.351 billion (US$189.7m). The rise in revenue also lead to the increase of its operating profit by 4% to N3.7 billion (US$9.7m), despite the challenging business environment characterized by continued regulatory, competitive and inflationary challenges in Nigeria. During the period under-review, the second quarter of its financial year was significantly impacted by challenges…

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Coca-Cola US to sell soda in 100% recycled plastic as India subsidiary gets a plastic fine

US – American multinational beverage corporation Coca-Cola will soon begin selling sodas in completely recycled plastic in the United States for the first time as part of its efforts to rid the world of plastic waste. In the initial roll out, popular brands Coke and Diet Coke will be  packaged in 13.2-ounce bottles made from 100 percent recycled plastics and distributed in a group of states that including California and Florida. The drinks giant produces about three million tonnes of plastic packaging a year – equivalent to 200,000 bottles a…

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Energy drinks remain popular among physically active adults even as concerns about caffeine content emerge

GLOBAL – The energy drinks market is projected to continue expanding as more physically active adults including athletes, students, and service members continue demanding more of the drinks to fuel their physical activities. According to a new report published by Polaris Market Research, the global energy drinks market size is anticipated to reach USD 84.70 billion by 2026 growing at a CAGR of 7.3% from 2018 to 2026. What are energy drinks? Energy drinks are beverages that typically contain taurine, caffeine, vitamins, glucuronolactone, proprietary blends, herbal extracts, and amino acids.…

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Coca-Cola European Partners commits to switch to electric vehicles in effort to combat climate change

UK – British multinational bottling company Coca-Cola European Partners (CCEP) has joined The Climate Group’s EV100 initiative, which brings together companies committed to accelerating the transition to electric vehicles (EVs). The company which mainly focuses on the marketing, production, and distribution of Coca-Cola products further announced that it has committed to switch all of its cars and vans to EVs, or ultra-low emission vehicles where EVs are not viable, by 2030. Joe Franses, VP, sustainability at CCEP, said: “We are proud to use our voice to support EV100 in accelerating…

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Coca-Cola introduces coffee-infused soft drinks in US market following success abroad

US – American multinational beverage corporation, Coca-Cola has finally introduced Coca-Cola with Coffee in the US market after achieving success with the product abroad. As part of the product’s release, Coca-Cola delivered drinks via drone, in cooperation with Walmart and DroneUp, to homes in Coffee County, Georgia. Also as part of the launch, customers who use the Ibotta app can now score a free 12-ounce can of the drink at Walmart stores. Coca-Cola with Coffee and a zero-sugar version of the drink will be available in the rest of country…

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