ABF Issues Q3 Trading Update: Group Revenue from Continuing Businesses +3% at Constant Currency.
Starbucks Announces Strategic Priorities to Accelerate Growth.
ITO En to Launch Organic Oi Ocha RTD Green Tea.
Coca-Cola Celebrates 50th Anniversary of Special Olympics.
Keurig Dr Pepper Forms Board, to Begin Trading in New York.
PepsiCo and AV SA Enter Partnership.
PepsiCo Chile Adheres to Food Labelling Laws.
Coca-Cola Femsa Acquires Montevideo Refrescos for $250mn.
PepsiCo Launches New AXL Bottle for Hospitality Channel.
Schweppes Promotes "Good Drinking" with Maytea.
Starbucks to Open More Than 25 Outlets in FY19: Veetika Deoras.
Tata Global Beverages Appoints an Independent Director.
Tata Global Beverages to Exit LossMaking Subsidiaries.
Coca-Cola CEO: Digital and Data Driving New Approach to Business.
Starbucks is expanding the global distribution of its packaged coffee and single-serve pods under a $7 billion cash deal with Swiss food giant Nestlé, which owns Nespresso and Dolce Gusto coffee systems. Nestlé is paying Seattle-based Starbucks $7.15 billion for the rights to market, sell, and distribute at-home packaged coffee and tea for the following brands: Starbucks, Seattle’s Best Coffee, Starbucks Reserve, Teavana, Starbucks VIA and Torrefazione Italia. The deal, expected to close by Oct. 1, includes adding Starbucks-branded flavors to Nestle’s premium single-serve capsule systems: Nespresso and Dolce Gusto. CEO Kevin Johnson said Nestle’s reach and scale will instantly amplify the brand across global foodservice channels. “This is a big unlock for growth,” Johnson told investors during a special conference call held Monday morning to discuss the deal. Nestlé said the Starbucks packaged coffee agreement provides a significant boost to the company’s coffee business, which is the company’s largest growth category. “With Starbucks, Nescafé and Nespresso we bring together three iconic brands in the world of coffee,” Nestle CEO Mark Schneider said in a statement. “This is a great day for coffee lovers around the world.” Analysts noted that Starbucks’ core business would likely benefit from the additional brand exposure. “Starbucks will gain meaningful help in market segments in which it has little-to-no presence at present, which over time should help its Starbucks-brand retail stores in those markets,” said analyst Mark Kalinowski of Kalinowski Equity Research. The deal does not include the chain’s popular ready-to-drink line of beverages. PepsiCo still distributes those drinks, which have grown into a more than $2 billion retail business. Nestlé said about 500 Starbucks employees will join the Nestlé family as part of the deal. Operations will continue to be based in Seattle, Nestle said.
Finlays Opens R&D Centre in Rhode Island
Minute Maid Introduces "This is Good" Campaign for Families
Coca-Cola Plans to Speed Up Launches in 2018 with Agile System
Zero-Sugar Drinks Represent 4% of Sales for Coca-Cola Bottlers
Schweppes Launches MayTea
Coca-Cola to Launch Plant-Based Snacking Drink Range AdeZ
New Law Impacts 16% Sales of Sugar Soft Drinks in Catalonia
Orangina to Reduce Sugar Content in its Beverages
Coca-Cola Amatil Launches Start-Up Programme to Find New Sources of Growth
PepsiCo Sees Spate of Executive Exits
Coca-Cola Expands Zero Sugar Portfolio
Beverage Companies Rolling Out Low-Sugar Drinks to Suit Trend
Soft Drink Health Concerns Yet to Trickle Down to Social Media Users
Coca-Cola Launches World’s First Frozen Coke Slushie Packs
FOODEX JAPAN is Asia's largest exhibition dedicated to food & drink across Japan and globally. Over the 4 days of the exhibition, approximately 82,000 buyers from food service, distribution, and trading companies attended. Around 2,400 exhibitors participated at the event. Products related to Agricultural Products, Confectionery, Beverage, Coffee, Tea, Wine, Herbs & Spices, Frozen Food Products, Meat & Meat Products, Seasonings & Condiments, Snack and Bakery Products were shown at the expo.
MillerCoors and AriZona Beverages have partnered to create an alcoholic version of the classic Arnold Palmer drink. Arnold Palmer Spiked is a non-carbonated drink which utilises the classic half-and-half recipe of lemonade and iced tea, but with the addition of malt to provide 5% ABV.