What’s been attracting the attention of BeverageDaily readers? Here’s a round-up of our most-read articles in November.
What’s been attracting the attention of BeverageDaily readers? Here’s a round-up of our most-read articles in November.
Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures (AEV) will jointly acquire Coca-Cola Beverages Philippines in a $1.8bn deal.
It’s the latest move as the Coca-Cola bottler seeks to grow in Asia: building on the 2021 acquisition of Coca-Cola Amatil.
That acquisition gave Coca-Cola Europacific Partners access to Australia and New Zealand: but also to the attractive growth market of Indonesia, which is set to be the fifth most populus nation by 2050, according to the UN.
Now it will gain Coca-Cola's market in the Philippines: which has a large and growing population with attractive growth prospects (the country’s 115m people make it the 13th largest globally; while the soft drinks industry is forecast for 10% value growth per annum).
Pernod Ricard is taking on one of the wine industry’s largest challenges – the need to attract younger consumers against a competitive backdrop of rival drinks such as hard seltzers and craft beer – with the launch of its Greasy Fingers wine range.
The range targets 25-44 year olds who are sociable and seeking out new experiences and cultures. It is designed to match gourmet fast food and offer a ‘simple yet hugely effective pairing’ for burgers or takeaways.
Launching in the UK, Greasy Fingers “challenges traditional boundaries of wine and food pairings by ripping up the rule book and delivering two, bold wines, expertly crafted to cut through greasy food and provide the perfect match for gourmet fast food.”
What drinks are in demand for the upcoming festive season?
From time-tested and traditional to new flavors and festive expressions, consumers continue to celebrate the season with wine and spirits.
But are they sipping on a sherry or heading back to beer? Is mulled wine trendy or is it all about cocktails? Experts weigh in on key categories.
Primo Water Corporation will sell part of its international business in an all-cash transaction valued at up to $575m.
Culligan International, backed by BDT Capital Partners managed funds, will acquire a ‘significant portion’ of Primo Water’s international business.
Primo Water plans to focus on its home market in North America: where the company already has ‘leadership, scale and a significant addressable customer opportunity’.
The sale of part of the international business marks Primo’s first step in exiting all its international operations. While this month’s transaction with Culligan excludes the Aimia Foods, United Kingdom, Portugal, and Israel businesses, each of these will be sold over 2024.
What makes a great beverage innovation? That was a question that attracted readers’ attention – and we had a panel of CEOs who could address the question.
Our Beverage Innovations webinar welcomed Scott Miller (CEO and co-founder of enhanced still water brand YESLY Water, who previously led Essentia through its acquisition by Nestle USA); Mark Mahoney (CEO and co-founder of The Drinkable Company, a premium cannabis beverage brand pioneering the category in the US); and Jordan Bass (who co-founded functional healthy beer alternative HOP WTR after roles in ecommerce, corporate strategy and venture capital).
Mapping out consumer trends, building beverage brands and identifying the ‘next big thing’ in the beverage world… all this and more insights from the webinar, which is available on demand for a limited period.
