Coca-Cola to refranchise its bottling operations in China

Coca-Cola has agreed to refranchise its company-owned bottling operations in China as part of its effort to focus increasingly on building brands.It means that rather than having three bottling groups in China, the business will be franchised to COFCO Coca-Cola Beverages Limited (a subsidiary of COFCO Corporation) and Swire Beverages Holdings Limited.“This announcement marks the latest important chapter in...

SIBA helps UK consumers pick a true craft brew

An initiative in the UK that will help consumers identify genuine craft brewers has been launched by Society of Independent Brewers (SIBA). The move will promote ‘Assured Independent British Craft Breweries’ in an effort to provide greater clarity, and a stamp of approval for breweries that are independent of any larger controlling brewing interest. They must pledge to abide by...

Krones opens in-house brewery

German machinery supplier Krones has opened what it claims is the world’s most sophisticated research brewery at its facility in Freising.The Steinecker Brew Centre will provide both clients and Krones itself with an option for collaborative brewing, conducting trials and testing new technologies.Dr Konrad Müller-Auffermann, who was responsible for this project, explained: “The system is small, that’s true, but...

Higher selling prices help first half results at FrieslandCampina

Sales at Dutch-based dairy product manufacturer Royal FrieslandCampina for the first half of the year increased by 10.7 percent to €6.07 billion, compared with the same half in 2016, largely due to higher selling prices and partly from the acquisition of Egro Foods.The increase would have been better but for the effects of unfavourable currency translations and negative product...

Campbell’s sells health food unit as part of debt-cut plan

Food canning giant Campbell Soup has sold its Bolthouse Farms health foods subsidiary as part of a plan to cut its debt load.Campbell’s sold the maker of packaged carrots and organic juice beverages to private equity firm Butterfly for US$510 million, according to a statement.Adam Waglay, co-founder of Butterfly, said the company saw a bright future for California-based Bolthouse...

Tax cuts to boost sales of craft beers in the US

Producers of craft beer, artisanal spirits, hard cider and mead have plenty to cheer about as the result of a provision hidden in the sweeping tax overhaul recently passed by the US Congress, and reported by Reuters.In Part IX , tucked in the sections from 13801 to 13808, is the Craft Beverage Modernization and Tax Reform Act (CBMTRA) which...

Canadian drinks maker hits ignition on better cognition

Canadian drinks company Koios Beverage Corporation will increase its production capacity of canned cognitive-enhancing products by partnering with Full Metal Canning of Longmont, Colorado.Access to the high-volume production line will allow Koios to double its output and accelerate delivery fulfilment while maintaining economies of scale, even for lower-volume products. The Denver-based company is now capable of producing up to...

AB InBev completes sale of its stake in Coca-Cola Beverages Africa

Anheuser-Busch InBev has completed the sale of its majority equity stake in Coca-Cola Beverages Africa (Pty) Ltd (CCBA) for US$3.15 billion.CCBA, the largest Coca-Cola bottler in Africa, was created in 2016 through the combination of the African non-alcohol ready-to-drink bottling interests of SABMiller plc, The Coca-Cola Company and Gutsche Family Investments. It covers businesses in South Africa, Namibia, Kenya,...

PepsiCo reorganises its leadership team

PepsiCo has reorganised its leadership team with the creation of a global chief commercial officer, the appointment of a new chief science officer and further delayering of its operating businesses.PepsiCo chief executive Ramon Laguarta commented: “We believe these changes will enable us to better capture growth opportunities by getting closer to our consumers and deploying our global capabilities in...