Australia: Coca-Cola South Pacific launches Fuze Tea
Coca-Cola South Pacific has launched Fuze Tea, a new line of ice tea described as an “aspirational iced tea offering” and a “premium product”. The Fuze brand was first launched in the US, where the current lineup now includes ice tea in flavours such as lemon, strawberry and mango orange, as well as a range […]
USA: PepsiCo posts organic revenue growth for 2015
Snacks and beverage firm Pepsico has published its full year results for 2015, reporting an increase in organic revenue for the year versus 2014. The US multinational said that, for 2015, organic revenue had increased 5%, although overall net revenue decreased 5% due to the unfavourable impact of foreign exchange. Core gross margin rose to […]
Netherlands: Wessanen acquires Piramide tea brand
Wessanen, a Dutch health food producer, has agreed to buy the Piramide tea brand from the Organic Flavour Company. The deal is expected to close in March 2016. Piramide is a long established tea brand in the Netherlands with a range of herbal, black and green teas, claimed to be 100% organic and fair trade […]
Japan: Suntory unveils cherry blossom flavoured Pepsi cola
In the latest of a line of unusual cola launches, beverage firm Suntory has unveiled what is claimed to be the world’s first cola with the flavour of cherry blossom (sakura). Pepsi Cherry Blossom Cola is said to have the same pale pink colour as cherry blossom itself and is described as having a fragrant, […]
USA: Coca-Cola sees full year revenue and profits fall
Non-alcoholic drinks giant Coca-Cola posted a fall in net operating revenue and gross profit in the 2015 financial year, according to the company’s latest financial statements. While organic revenue grew 4%, full-year net revenue declined 4% to $44.294 billion and gross profit was down 5% to $26.812 billion, the company reported. It noted, however, that global […]
Philippines: Coca-Cola Femsa to invest $800 million by 2020
Coca-Cola Femsa has announced plans of shareholder investment of $800 million into the expansion of its operations in the Philippines, according to a report in FoodBev. The company said that it would add two new Tetra Pak and two new PET lines with an initial investment of $170 million in 2016. The move is designed […]
Israel: Nestle to buy remaining stake in Osem
Swiss FMCG multinational Nestle is to acquire the remaining shares in Israeli food manufacturer Osem in a deal worth about $840 million, according to a Reuters report. Osem is Israel’s third-largest food producer by sales, behind the Strauss Group and market leader Tnuva. The firm produces more than 2,000 different food items in 11 production sites, both […]
Nigeria: Coca-Cola acquires minority stake in Chi
Coca-Cola, the multinational soft drinks giant, has announced that it has agreed to acquire an initial minority shareholding in Chi, a company it describes as “Nigeria’s leading value-added dairy, juices and snacks business”. The agreement creates a strategic relationship within Africa’s largest economy that together serve Nigeria’s sparkling soft drinks, juices, value-added dairy and water […]
Matcha makes its mark in coconut water smoothie
The latest innovation insight from Gama Compass™ MANCHESTER – 29th January 2016: This week we focus on the stellar rise of matcha as an ingredient in new FMCG products, featuring as our case study a launch that takes the on-trend green tea powder and combines it with coconut water and high pressure processed fruit and vegetable […]
Gama Innovation Award: Doganay Lita Lemonade
Gama Innovation Award – Packaging MANCHESTER – 27th January 2016: Doganay Lita Lemonade, a soft drink making use of a new ‘hybrid’ PET and glass bottle, is the January winner of the Gama Innovation Award – Packaging. New in Turkey from Doganay, a juice and soft drinks manufacturer, Doganay Lita Lemonade offers “health, naturalness, freshness […]