Hard seltzers helping growth in beer sales

Market research firm IRI has reported that sales of beer in the US are up 3.5 per cent since January, at US$19.5 billion. The Chicago-based company suggests that flavoured malt beverages, imports and domestic super-premium beers are driving growth. Sales of flavoured malt beverages, which includes hard seltzers, have nearly reached $1.9bn.According to Nielsen data, hard seltzers saw a 193...

Profits at Krones suffer in first half of the year

German canning and bottling equipment supplier Krones has reported that high material and labour costs combined with an unfavourable product mix hit its profitability in the first half of 2019. The slowdown in the economy and the uncertain outlook are also affecting investment confidence among customers, the company reported. Revenue, at €1.89 billion (US$2.11bn), was 5.5 per cent higher than in...

PepsiCo invests in growing natural food segment

PepsiCo is to invest US$131 million to acquire a 26 per cent stake in China-based ‘health food’ business Natural Food International Holdings Limited. Natural Food produces nutritional powders based on cereals, as well as ranges of nuts, beans and berry food products. It is the second largest natural food producer in China by retail sales.The transaction would make PepsiCo the...

Baileys non-alcoholic coffee now in cold brew cans

Drinks giant Diageo has launched non-alcoholic versions of its Baileys Irish Cream and Salted Caramel in 11oz cold-brew cans in the US.The news comes as Diageo released its preliminary results for the year to the end of June, which reported net sales up 5.8 per cent to £12.9 billion (US$15.68bn) with organic growth partially offset by acquisitions and...

Nestlé achieves fastest sales growth in three years

Strong performances in key markets, particularly pet food, coffee and infant nutrition, helped Nestlé to achieve its fastest organic sales growth in three years, with total reported sales increasing by 3.5 per cent to CHF 45.5 billion (US$45.9bn). Nestlé’s organic sales, which strip out currency swings as well as acquisitions and disposals, accelerated to 3.9 per cent in the three...

Anheuser-Busch InBev revenue climbs on premium beer surge

Anheuser-Busch InBev (AB InBev), the world’s largest brewer, said second-quarter revenue climbed as sales of its premium beers surged and growth in Latin America and Australia accelerated.The Belgium-based brewer of Budweiser, Beck’s and Corona said revenue, excluding the impact of acquisitions or mergers, grew to US$13.96 billion in the three months to the end of June. That was 6.2...

Coca-Cola to launch canned alcoholic drink in Japan

Coca-Cola is going ahead with the launch of its first alcoholic drink in its history throughout Japan in October, after a soft introduction of canned Lemon-Do in a limited area in May 2018.The canned drink, which contains between 7 and 10 per cent ABV according to the variety, will appear across Japan in October. The product will be available only...

Anheuser-Busch InBev to sell Australian brewer to Asahi

Belgium-based brewer Anheuser-Busch InBev (AB InBev) is planning to divest Carlton & United Breweries (CUB), its Australian subsidiary, to Japanese beer and beverage producer Asahi Group Holdings for A$16 billion (US$11.3bn).The move will grant Asahi the rights to commercialise the portfolio of AB InBev’s global and international brands, such as Foster’s, Victoria Bitter, Carlton, Corona, Leffe and Stella Artois,...

Coca-Cola HBC to roll out Costa Coffee in 2020

Coca-Cola Hellenic Beverages (Coca-Cola HBC) is planning to launch Costa Coffee products in around 10 of its 28 markets next year.The products, including canned coffee, will be introduced in Coca-Cola HBC’s European markets in Bulgaria, Greece, Hungary, Poland, Romania, Russia and Switzerland.Coca-Cola HBC, which is one of the world’s biggest Coke bottlers covering Eastern Europe and Russia, said the...