Germany: Coca-Cola to close up to seven facilities
Global drinks giant Coca-Cola has announced plans to close up to seven facilities in Germany, including long-standing plants in Bremen and Oldenburg, according to a report in NWZ Online. Aside from Bremen and Oldenburg, smaller facilities in Mecklenburg-Vorpommern, Sachsen-Anhalt and Baden-Wurttemberg are also reportedly set for closure, leading to a potential loss of more than […]
South Korea: Lotte Group looks to acquire major share in Lahore PepsiCo – reports
Lotte Chilsung Beverage Co, a unit of South Korean retail conglomerate Lotte Group, is expected to acquire a major share in a PepsiCo bottling company in Pakistan, the Maeil Business News reports. Quoting sources from Lotte Group and the investment banking industry, Maeil Business News said that the South Korean firm was reportedly looking to […]
Brazil: Nestle to invest $100 million to increase production
Swiss FMCG giant Nestle is to invest about R$400 million ($101 million) to expand production capacity in Brazil over the course of 2016, Supermercado Moderno reports. According to the news agency, the plan is to increase capacity by introducing new production lines, allowing some items that were previously imported to be manufacturer locally. Among the […]
India: Coca-Cola considering sale of $1 billion bottling operations – reports
Coca-Cola is contemplating the sale of its bottling operations in India, valued at $1 billion, as it moves to focus on brands, marketing and strategy in line with global policy, according to sources quoted by the Economic Times. “Coca-Cola plans to start talks with large industrial houses for the potential divestment”, an unnamed source is […]
Denmark: Arla Foods sees revenue drop in 2015
Danish dairy cooperative Arla Foods claimed to have “delivered a robust performance” despite a “tough year for the global dairy industry”, as it announced its latest financial results. According to a press release, the company “came out of 2015 with US11.25 billion (EUR€10.3 billion) in revenue”, which was a 3.3% decline compared to 2014. The […]
Switzerland: Nestle sees 4.2% organic growth in 2015
Nestle, the world’s leading food multinational, has released its full year results, posting single-digit organic growth over 2015. The Swiss firm said that organic growth was 4.2% with real internal growth of 2.2%, fuelled in particular by a strong showing in the Americas where turnover was up 5.8%. Total sales for the year amounted to […]
Gama Innovation Award: FitRabbit Organic Dragon Drink
Gama Innovation Award – Positioning MANCHESTER – 26th February 2016: The Gama Innovation Award – Positioning for February goes to FitRabbit Organic Dragon Drink, a new children’s beverage looking to tackle concern over sugar levels by claiming to actively protect against tooth decay. Promising “teeth as strong as a dragon’s” and promoted as “the first drink […]
France: Danone reports “solid” performance in 2015
Dairy and drinks multinational Danone saw total sales rise in 2015 to €22.412 billion ($24.70 billion), according to its latest financial statements. Describing its performance as “solid” and “in line with objectives”, the France-based firm reported that overall sales for the year had risen 4.4% on a like-for-like basis, with trading operating margin up +17 […]
‘Citrus’ beats ‘berry’ in new product pricing
Insight by Gama Compass™ MANCHESTER – 23rd February 2016: Orange and lemon flavours are associated with premium claims and higher price points, while strawberry flavours are especially common in Latin America and in launches targeted at children, the latest information from Gama Compass™ indicates. For this month’s study of trends and patterns in new product launches, […]
China: Yake Food to enter mineral water market
Fujian, China based candy manufacturer Yake Food has entered the mineral water market with a “premium” offering under the Changbai Springs brand name. The line is said to feature an award winning packaging design and is based around the core idea of a “Changbai Oasis” offering “the first morning cup of water”. According to PET Engineering, […]