PepsiCo CEO Indra Nooyi says she didn’t want a short-term ‘cut, slash and burn’ policy that would have seen the company make enormous earnings from 2006 despite the upset her long-term nutritional foods focus caused some investors.
Whispers of a $171bn+ merger between Diageo and SAB Miller have led to share spikes for both companies over the past couple of days and follow chatter about SAB tying-up with AB InBev.
NESTLE PRUNES US BEVERAGE PORTFOLIO, INKS COFFEE-MATE DEAL WITH KEURIG
Brynwood Partners has bought Nestlé USA brand Juicy Juice for a multi-million dollar deal and reportedly insists the brand can still be hugely successful in a troubled juice category the Swiss multinational has jumped out of.
Starbucks will launch ‘handcrafted’ Fizzio soft drinks in US cafes this summer, and one analyst says the brand represents ‘potential for bubbles everywhere’ and thinks the Seattle chain and Pepsi may take it to grocery stores.
Coca-Cola Enterprises’ (CCE’s) planned £13M bottle production line at its Wakefield facility could help Yorkshire attract global investment and boost the UK economy, according to prime minister David Cameron.
Tate & Lyle has poached PepsiCo executive Nick Hampton to serve as its new CFO and one analyst says he must transition from branded goods to a more ‘commodity-influenced B2B model’.
Financial analyst Bonnie Herzog says she believes 2015 will be a ‘critical tipping point year’ for carbonated soft drinks brands to prove their ability to cut costs, boost marketing spend and efficacy to reverse negative trends.
Starbucks-owned brand Evolution Fresh is test marketing a new range of co-branded smoothies made with cold pressed, high pressure processed juice and Dannon Greek yogurt in 200 Starbucks stores in San Jose and St Louis.
EXPERT SAYS BRAND BROKE 'EVERY RULE OF HEALTH MARKETING'
Functional foods expert Julian Mellentin says Nestle’s failed health drink Nesfluid was a confusing launch promising nutrition, hydration and an alphabet soup of health benefits in a dubious-tasting beverage range.
ANALYST BELIEVES $100BN+ MEGA MERGER UNLIKELY IN SHORT TERM
With increased market chatter over AB InBev’s possible purchase of SAB Miller one analyst warns that the former’s bottling deal with PepsiCo in Latin America remains one barrier to a deal.
Diageo CEO Ivan Menezes insists the spirits giant must ‘innovate at scale’ to ensure a larger share of its growth stems from fewer launches along the lines of Haig Club whisky and Captain Morgan White Rum.
Coca-Cola India's controversial bottling plant in Uttar Pradesh will reopen after a national environmental tribunal today stayed a local pollution control board ruling ordering its closure.
The launch of stevia-sugar sweetened Coca-Cola Life into the UK signals a new era in sugar reduction, as it suggests stevia will soon be big in soft drinks, and may open up the use of sweeteners in foods, according to Professor Jack Winkler, former Professor...
VANI HARI TELLS BEVERAGE DAILY: 'I DON'T RESPOND TO NAME CALLING'
Celebrity surgeon and ‘beer snob’ David Gorski has attacked ‘Food Babe’ Vani Hari for peddling pseudoscience as a ‘young, telegenic, clever but scientifically ignorant blogger’ attacking Miller Coors and AB InBev.
A Toronto labor dispute that began nine months ago at Crown Holdings is escalating with strike leaders now urging the Canadian public not to drink beer brands in cans from brewers including Molson Coors and Labatt.
The Honest brand could extend well beyond the ready-to-drink tea category into a wider array of beverages and even foods, says the co-founder of Honest Tea, which posted a 27% surge in sales to $112m in 2013, and is growing even faster this year.
Nestlé will launch milk-rich RTD coffee brand Nescafe Shakissimo in Europe this month along with new Nescafe recipes and products to renew the $11bn+ brand and attract younger consumers.
Coca-Cola has confirmed that the sugar level in its new stevia-sweetened beverage Coca-Cola Life may vary considerably in different markets, with the UK version containing a lot more calories than the version sold in Argentina, for example. Meanwhile,...
POM Wonderful scored a big win on Thursday after the Supreme Court gave it the green light to sue juice rival Coca-Cola for false advertising. But don't expect the floodgates to open with scores of similar lawsuits, says one attorney.
Friends of the Earth tells BeverageDaily.com it will edit its headline-grabbing report claiming that nano-ingredients are used in beverages by Coke and Pepsi to reflect its innocent usage of data that was apparently misstated in the PEN inventory of consumer...
MILLER COORS ADMITS COORS BANQUET USES ‘LIQUID CORN ADJUNCT’
Miller Coors faces calls to disclose more data about the ingredients used in beer brands including Coors Banquet, after publishing a ‘transparent’ ingredients list that does not specifiy that corn used therein is actually a 'liquid corn adjunct'.
SCIENTIST INSISTS PEN NANO INVENTORY 'MISREPRESENTED' STUDY CONCLUSIONS
PepsiCo and Coke insist they do not use titanium dioxide in SoBe and Powerade drinks after a controversial report warned they use the colorant in a 'potentially dangerous' nano-sized form.
David Miller, chief security officer (CSO) at Covisint ponders the potential supply chain impact of the latest move in the cola war between Pepsi and Coca-Cola.
Coca-Cola Life - a mid-calorie coke sweetened with a blend of sugar and stevia - will be launched in the UK later this year following its successful pilot in Argentina and Chile.
Diageo has confirmed circa. 200 job losses across its head office and regions as the Johnnie Walker and Guinness producer targets annual cost savings of around £200m by 2017.
A US judge has dismissed class action claims that Anheuser-Busch routinely watered-down US beer brands including Budweiser to misrepresent alcohol levels and boost profits.
Newsweek’s list of the US’s most sustainable companies names packaging firms like Ball, beverage producers like Coca-Cola, and food manufacturers such as General Mills rank among the green giants.
Coca-Cola Hellenic will release a reformulated version of Nestea RTD tea in Italy in 2015 as it seeks to grow the appeal of a global product by tailoring it to the nation’s tastebuds.
Shore Capital analyst Phil Carroll tells BeverageDaily.com he still believes Coca-Cola Hellenic has potential to expand CSD sales in Italy despite a growing health trend and the soda slump in other western nations.
Investment from Swire, The Coca-Cola Company, Danone and ALPLA
Avantium has closed a financing round of $50m from a consortium including Swire Pacific, The Coca-Cola Company, DANONE, ALPLA, and existing shareholders to advancing PEF packaging material.
Nestlé says its scientists played a central role in developing a new physical mechanism that it is already using to improve the nutritional quality and pleasantness of powdered beverages.
“We believe that the sugar confectionery category and our brands within it are the 'most honest' category in store": Chewits owner
Food and drink firms are using so called ‘advergames’ and social media to get around laws governing advertising to children, a Channel 4 Dispatches documentary has claimed.
The UK Advertising Standards Authority (ASA) has committed an embarrassing U-turn after reversing a February decision that rapped two adverts for Kronenbourg 1664 beer featuring former Manchester United soccer star Eric Cantona.
Suntory’s $16bn takeover of Beam Inc. shocked many industry insiders but the likes of Diageo, Pernod Ricard and Bacardi likely sighed with relief, according to Rabobank.
Hydro, whose clients include Tetra Pak, Ball and Crown, is celebrating after getting the go-ahead to build a $61m beverage can recycling plant in Neuss, Germany.
Coke's ‘savvy’ pricing strategy has helped it take share from Dr Pepper Snapple and PepsiCo in 2014 to date but analysts warn the policy may not be in the brand’s best long-term interest amidst worry about CSDs.
Pepsi first digital fountain that offers up to 1,000+ beverage combinations looks great and we think a scaled-down version could add verve to the US home.
Diageo plans to spend $115m on new Kentucky bourbon distillery and warehouses to distill the company current brands and future products, as it seeks to expand its share in the American whiskey category.
Energy drink sales growth in the US slowed to its lowest in over a year in the month ending May 10 but the ‘Easter shift’ may be the main reason why, while Monster continues to out-gun Red Bull.
Heineken has worked with P.E.T Engineering to develop a one-liter Amstel PET bottle with glass-like engravings that underpin the brand’s heritage and premium positioning.
Irish police have seized equipment that reportedly forms part of an IRA fake vodka production racket running for more than two decades that copies brands including Smirnoff.
Soft drinks firm AG Barr is benefiting from Coca-Cola Enterprises’ (CCE’s) struggling performance, according to Shore Capital analyst Phil Carroll, commenting on the former’s first financial quarter (Q1).
BRANDS MAY HAVE TO 'REFORMULATE AND REMOVE' FUNCTIONAL INGREDIENTS - ANALYST WARNS
Despite the presence of MIO Energy, Mintel warns that energy drinks brands could face problems if they try to conquer new territory in the US liquid water enhancer space due to safety concerns.
Coca-Cola Enterprises insists it is celebrating a 'Year of Homecoming' as its own 50th anniversary following a suggestion that it offered Scottish Nationalist Party leader Alex Salmond tacit support by letting him hail Scotland's 'spectacular...
Ball Corporation will build a one-line beverage can manufacturing plant in Myanmar for Coca-Cola Pinya drinks and several other regional and multi-national customers.
In a report published today, Oxfam accuses the “Big 10” food and beverage companies of doing far too little to cut greenhouse gas emissions, singling out Kellogg Co. and General Mills as the worst offenders.
Male rats who drank Coca-Cola for six months experienced no changes in testosterone production and intake did not damage their testes, says a study that also reveals a rodent preference for Red Coke over diet varieties.
