News & Analysis for the Beverage Industry
Al Ahram Beverage Company (ABC) is to become the latest addition to the Heineken portfolio, a deal which might go some way towards appeasing analysts who were hoping for more news of growth as the company announced its first half results.
The sale of Novartis's health food and drink brands could finally be completed soon, with trade buyers apparently lined up for Isostar and Ovaltine, and Nestle thought to be interested in the health food brands.
Belgian speciality beer maker Duvel Moortgat shrugged off declining volumes in France and the Netherlands to post a 9 per cent rise in first half turnover, helped by strong performances in the UK and US.
The floods in the south of France will mean a significant reduction in the level of wine produced there this year, with as many as 30,000 hectares of vineyards damaged in the Gard alone.